Treasurer and Investment Minister, Queensland Government
Stories naming Cameron Dick. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Brisbane battery developer Graphene Manufacturing Group has signed an agreement with the Queensland government for a grant worth as much as $2 million toward a planned pilot plant expected to create twelve jobs.
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Brisbane flow battery maker Redflow has won a Queensland government grant of up to $1.12 million toward a feasibility study for a large local battery factory.
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Queensland's government has set up a venture capital fund managed by QIC and has put in $133 million, partnering with five VC firms so local startups can draw on matched funding.
Queensland's government is committing $130 million across five venture firms — Antler, Five V Capital, Main Sequence, Mandalay and Salus — via a new fund to widen early-stage funding for local startups.
Queensland's government has committed another $55 million to its VC fund, lifting its total outlay to $130 million; five firms including Antler and Main Sequence are set to benefit.
Queensland's CQ-H2 hydrogen hub advances with $117 million in new funding from ARENA, the state government and consortium partners, while Singapore's Keppel joins the consortium to pursue a Gladstone ammonia facility with Incitec Pivot.
Queensland's new Enterprise Acceleration Fund makes its debut investment, backing Gold Coast equity-platform startup Cake Equity's SAFE note round alongside Rampersand and Launch VC, with hiring plans flagged.
Sydney ESG supply-chain analytics firm FairSupply has raised a $6.3 million Series A led by AirTree, with Tidal Ventures, Minderoo Foundation and QIC investing, following Minderoo's earlier 2021 backing.
Roundup of manufacturing items: a training milestone at Nova Systems, Gilmour Space rocket work, a Lockheed Martin STEM program, an ATSE infrastructure statement, a steel research hub launch, and Queensland's new startup fund.
Gold Coast prefab builder ModnPods has secured Queensland government Business Investment Fund backing, the fund's fifth investment, and plans to expand its facilities and grow to roughly 100 staff within three years.
Also @AuManufacturing
Roundup covering Victorian zero-emission bus trials, Frew Foods' planned plant expansion, 5B's layoffs and completed capital raise, Wellnex Life's convertible note raising, SafetyCulture investing in Inauro, plus wind farm and university research news.
Payment firm Paypa Plane says Mastercard, Cuscal, Sprint Ventures and Queensland's Business Investment Fund joined its $10 million Series A, with QIC managing the investment and Commonwealth Bank and Tyro already backing it.
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