innovation and science australia
Healthtech

Australia’s first biotech incubator is happening thanks to a $40 million grant

- September 7, 2021 3 MIN READ

A national biotech incubator is being set up in an Australia first following a $40 million grant from the federal government’s Medical Research Future Fund (MRFF) The incubator will be run by the Brandon Capital-managed Medical Research Commercialisation Fund (MRCF), which received the grant as part of $79 million in MRFF commercialisation grants to four… Read more »

SIcona
Deep Tech

A battery materials startup supplying Tesla charges up on $3.7 million pre-series A

- August 12, 2021 2 MIN READ

A battery materials company promising to improve the capacity of existing lithium-ion batteries by up to 100% has raised $3.7 million in a pre-Series A. The round was led by local VC Artesian and US-based Riverstone Ventures, with New York’s Chaos Ventures, Singapore’s SDGx and Sydney VC Bandera Capital also chipping in alongside several prominent Australian… Read more »

Deep Tech

Deep tech incubator Cicada Innovations is helping NSW Health ramp up biotech commercialisation

- July 6, 2021 2 MIN READ

The NSW government’s health department has turned once again to deep tech incubator Cicada Innovations to deliver a free training program to help aspiring biotech and medtech entrepreneurs and academics commercialise their ideas. The NSW Health Commercialisation Training Program aims to fast-track innovative ideas that will revolutionise the healthcare sector, improve patient outcomes, and provide… Read more »

Fantastic Voyage, sci-fi, Donald Pleasance
Innovation

If Australia really wants to be innovative, then we need to start thinking about smaller businesses

- June 8, 2021 3 MIN READ

It took a chance meeting between Cameron van den Dungen, founder of a start-up mattress company, and Madhu Bhaskaran, an engineering professor at RMIT University, to see an opportunity to collaborate and commercialise research. Van den Dungen had a dream of creating a bed for use in aged care to monitor sleep quality and comfort.… Read more »

News & Analysis

A new medtech funding program is offering up to $1 million to life science startups

- July 19, 2019 < 1 MIN READ

A new biotech funding program for startups working on new therapies, technologies and medical devices is offering up to $1 million in matching grants to help companies develop their ideas through to the proof of concept stage. The Biomedical Translation Bridge program is an initiative of the Medical Research Future Fund. It’s run by MTPConnect –… Read more »

News & Analysis

Australia’s biggest science investment fund has another $210 million for medical research startups

- May 2, 2019 2 MIN READ

Australian VC firm, Brandon Capital Partners, has just raised another $210 million to invest in commercialising medical research, and is already on the hunt for another $250 million as it edges towards $1 billion in science investments. The 5th Medical Research Commercialisation Fund, MRCF5, raised AU$210 million from existing investors, taking the total in the… Read more »

Propeller Aero
News & Analysis

Sydney drone startup Propeller Aero raises US$3.1 million to take advantage of relaxing regulations

- September 28, 2016 4 MIN READ

The Civil Aviation Safety Authority (CASA) has finally made changes to Australian commercial drone laws and as of tomorrow people will be able to fly drones in commercial situations without a license. The relaxing of these regulations coincides with Sydney drone startup Propeller Aero raising US$3.1 million to become one of the first startups to take advantage of these new laws.