Cyber security

National Reconstruction Fund slings $22.5 million at data security startup Vault Cloud

- December 20, 2024 2 MIN READ

The National Reconstruction Fund Corporation (NRFC) has gone into Christmas shopping mode, investing nearly $50 million in two days in two tech companies, today announcing $22.5 million for 12-year-old sovereign cloud data security company Vault Cloud. The equity investment comes just 24 hours after leading a $50 million raise for Adelaide IoT and satellite maker… Read more »

Funding

National Reconstruction Fund picks up half the tab in IoT nanosatellite maker Myriota’s $50 million raise

- December 19, 2024 2 MIN READ

The federal government’s $15 billion National Reconstruction Fund has made its third investment, tipping $25 million to lead a $50 million raise by Internet of Things (IoT) satellite builder Myriota. It’s the first raise in four years by the Adelaide space tech startup since former PM Malcolm Turnbull was among the backers of a $28 million… Read more »

Quantum Brilliance, Andrew Horsley, Marcus Doherty, Mark Luo.
Funding

Synthetic diamond creator Quantum Brilliance shines on with $23 million from National Reconstruction Fund & Breakthrough Victoria

- December 10, 2024 2 MIN READ

The federal government’s $15 billion National Reconstruction Fund has made its second investment, taking a $13 million equity stake in Canberra startup Quantum Brilliance. It follows $40 million for a mining tech manufacturer  announced last month. The National Reconstruction Fund Corporation (NRFC) funding is for QB to build Australia’s first quantum diamond foundry for its… Read more »

Climate Tech

The National Reconstruction Fund’s 1st investment is $40 million for a stake in a 40-year-old mining industry manufacturer

- November 19, 2024 3 MIN READ

Last week the industry and science minister Ed Husic stood in front of Australia’s tech titans at the National Tech Summit, telling them the $15 billion National Reconstruction Fund was about to announce its first investments. Today Husic delivered on the promise, announcing $40 million for a manufacturer in Queensland. The funds went to Toowoomba-based… Read more »

Ed Husic
Politics

Industry and science minister Ed Husic wants you to know something is going to happen, soon

- November 13, 2024 3 MIN READ

The Albanese government’s industry and science minister Ed Husic swung by the Tech Council of Australia’s summit in Melbourne today to let them know things are going to happen. Traditionally, politicians rock up to events with big, bold announcements. Husic announced that he’s going to be making announcements. It’s nearly a year since the minister… Read more »

Ivan Power
Politics

Startup mentor Ivan Power appointed CEO of $15bn National Reconstruction Fund

- February 1, 2024 2 MIN READ

The Albanese government’s signature business investment vehicle, the $15 billion National Reconstruction Fund, has its first boss, with veteran Macquarie Group executive Ivan Power named as CEO. Power has worked in global investment for more than 25 years alongside a strong track record in working with early-stage startups and social ventures.. UNSW director of entrepreneurship… Read more »