Investor · 38 deals
Every published round Department of Industry, Science and Resources took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Department of Industry, Science and Resources has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Gilmour Space | Queensland rocket builder and launchpad scaleup | 28 Mar 2022, Grant | 1 | 1 |
| EMVision | 25 Oct 2022, Grant | 1 | 1 | |
| Lactamo | 2024, Grant | 1 | 1 | |
| Accessi Group Pty Ltd | 9 Feb 2024, Grant | 1 | 1 | |
| Bestie Kitchen Pty Ltd | 9 Feb 2024, Grant | 1 | 1 | |
| Black Box Trading Company Pty Ltd | 9 Feb 2024, Grant | 1 | 1 | |
| Butter Insurance | insuretech startup providing seamless, commitment-free coverage for renters | 9 Feb 2024, Grant | 1 | 1 |
| Compassion Creamery Pty Ltd | 9 Feb 2024, Grant | 1 | 1 | |
| Forager Automation | 12 Aug 2024, Grant | 1 | 1 | |
| Cauldron | 13 Aug 2024, Grant | 1 | 1 | |
| Li–S Energy | 13 Aug 2024, Grant | 1 | 1 | |
| Driveschool Enterprises Pty Ltd | Grant | 1 | 1 | |
| Education Ontrack Pty Ltd | Grant | 1 | 1 | |
| Evolve Communities Pty Ltd | Grant | 1 | 1 | |
| Fonz Moto Pty Limited | Grant | 1 | 1 | |
| Future Anything Pty Ltd | Grant | 1 | 1 | |
| Givvable | Helping businesses meet their sustainability and ESG targets faster through fit-for-purpo… | Grant | 1 | 1 |
| Grant'd | An intelligent grants platform that uses AI to match businesses and organisations with re… | Grant | 1 | 1 |
| Leap4ward.ai Pty Ltd | Grant | 1 | 1 | |
| Life Skills Group Pty Ltd | Grant | 1 | 1 | |
| Lush Organic Hair & Spa Forest Glen Pty Ltd | Grant | 1 | 1 | |
| Maxme | Grant | 1 | 1 | |
| Meditati Pty Ltd | Grant | 1 | 1 | |
| Mettleaje Pty Ltd | Grant | 1 | 1 | |
| MIIROKO Pty Ltd | Grant | 1 | 1 | |
| Mineral Fox Pty Ltd | Grant | 1 | 1 | |
| More Good Days | Grant | 1 | 1 | |
| Neomorph Pty Ltd | Grant | 1 | 1 | |
| Our Trace | Grant | 1 | 1 | |
| Parking Spotz Pty Ltd | Grant | 1 | 1 | |
| Pixii | Grant | 1 | 1 | |
| The OneTwo | Grant | 1 | 1 | |
| The Paw Grocer Pty Ltd | Grant | 1 | 1 | |
| Theratrak | Grant | 1 | 1 | |
| VAPAR | AI software for assessing pipe condition from CCTV footage | Grant | 1 | 1 |
| VETNexus Pty Ltd | Grant | 1 | 1 | |
| X-Hemp | Sustainable building materials startup making hempcrete, a concrete replacement | Grant | 1 | 1 |
| Zondii Pty Ltd | Grant | 1 | 1 |
Fund closes reported for Department of Industry, Science and Resources, as distinct from the investments it has made.
Companies Department of Industry, Science and Resources has backed that another company then bought. An exit for the holding, not a deal Department of Industry, Science and Resources did.
Stories naming Department of Industry, Science and Resources. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Advisers warn that ATO audits and years-later repayment demands are destabilising firms claiming the R&D tax incentive, citing BindiMaps' administration and sale, as the government prepares to overhaul the scheme from 2028.
Steve Baxter's Brisbane defence-tech fund announces it now holds unconditional early-stage venture capital registration, giving investors tax breaks; it has put A$4.45m into four companies so far.
Beaten Zone's defence-tech fund has won full ESVCLP status, unlocking tax breaks for its backers; the Brisbane vehicle has backed four companies with $4.45m and screens a deep pipeline of defence deals.
Gilmour Space Technologies has secured the maximum $5 million grant under the federal Industry Growth Program, money earmarked for its next-generation engine, even though its founder publicly attacked the national space regulator.
Also Startup Daily
Precision fermentation firm Cauldron wins an Australian government grant for its continuous fermentation platform and appoints David Weiner chief technology officer, alongside mentions of fellow grant recipients and its Horizons Ventures-led Series A.
Also SmartCompany·SmartCompany
Profile of Dragonfly Thinking after its win in Australia's first AI Sprint, covering its $300,000 support prize, accelerator experience and product plans, plus brief AI news including raises by TrueState and Andromeda Robotics.
News roundup: Cyclopharm's $20m placement, Eden Innovations' first Holcim orders, Rio Tinto and BHP electric haul truck trials, a hybrid boat's marine award, and a national rail procurement database launch.
Federal budget documents show Canberra's PsiQuantum commitment at $466.4 million via Export Finance Australia, plus $27.7 million for oversight, and recall Blackbird joining the quantum company's 2021 Series D.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia
Round 3 of the Boosting Female Founders Initiative has granted $11.6 million across 34 women-led startups; the article lists each recipient, its project and its grant amount.
Round three of a federal grant program backs 34 women-led startups, with individual awards listed from $133,740 to $480,000 drawn from an $11.6 million pool run by DISR.
QuantumTX's 2022 space and technology incubator has awarded $750,000 across 30 Australian companies, half from Western Australia, working in remote operations fields including robotics, AI and satellite communications.
Adatree's founder recalls early grant and competition funding her startup won, then gives four tips for chasing government grants: research sources, check eligibility, treat applying rigorously, and partner with researchers.
Interview with Priyanka Ashraf on launching her Anyone Can program for women of colour founders, her social enterprise's growth, and earlier competition prize money it won.