Ledger. Australian venture funding, tracked

Federal Minister for Science and Industry, Federal Government

Ed Husic

Coverage

Stories naming Ed Husic. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Grant $65m

Best of the week — the five most popular stories among readers, April 21 – April 25, 2025

Roundup of the publication's five most-read stories of the week: a $65 million grant for the SMART regenerative-therapies CRC, QUT's flexible semiconductor research, a Lima Declaration fact-check, and Greensteel Australia's $1.6 billion mill order.

6 deals

Best of the week — the five most popular stories among readers, February 10 – February 14, 2025

Weekly roundup: CEA Technologies lands a $272m radar contract, five startups receive federal grants, Victorian factory insolvencies climb, and GFG Alliance's Whyalla Steelworks hunts new financing.

6 deals

$2.5 million in Industry Growth Program grants awarded

Five companies including battery maker Allegro Energy share $2.51 million in the latest federal Industry Growth Program grants; Allegro receives $1.85 million for its redox flow battery technology.

Also AgFunderNews·Startup Daily·@AuManufacturing·Startup Daily·@AuManufacturing

3 deals

Gov gives quantum computing a major funding boost

The National Reconstruction Fund has taken a $13 million stake in quantum maker Quantum Brilliance, while a defence accelerator funds University of Western Australia quantum research and Germany's Cyber Agency contracts the company.

Also Forbes Australia·Startup Daily·SmartCompany·Startup Daily·SmartCompany

Unnamed stage $40m

NRF makes first investment – $40m in Russell Mineral Equipment

The National Reconstruction Fund has placed its first investment, $40 million, into Toowoomba mill relining maker Russell Mineral Equipment, within a wider $100 million co-investment partnership with Resource Capital Funds.

Also @AuManufacturing·@AuManufacturing·SmartCompany·SmartCompany·SmartCompany·Startup Daily

Funding announcement

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

Industry minister Ed Husic told a Tech Council summit the National Reconstruction Fund is close to its first investments after asking for a $300m drawdown; the piece recaps federal tech funding moves including PsiQuantum's.

Unnamed stage ≤$4.7m

Manufacturing news briefs – stories you might have missed

Roundup: 1414 Degrees locks in as much as $4.7m from Lind Global Fund II; Queensland Hydro awards Borumba dam contracts; FWPA's research chief is retiring; La Trobe and BIRAC sign a biotech corridor pact.

Grant $3.2m

Manufacturing news briefs – stories you might have missed

Roundup of Australian manufacturing news: IDT Australia wins a Sanofi mRNA contract, Amplia collects an R&D tax refund, OptiGrid enters EnergyLab's accelerator, plus a ship launch, hydrogen towers, road works and a job listing.

5 deals

Cauldron books $4.3 million Industry Growth Program grant to expand hyper-fermentation facility

Ed Husic named the first Industry Growth Program grant recipients, with biomanufacturing startup Cauldron Ferm receiving $4.3 million and four other startups funded for drone batteries, radiation monitoring, anti-phishing and berry-picking robotics.

Also RenewEconomy·AgFunderNews·Startup Daily·AgFunderNews

2 deals

Best of the week — the five most popular stories among readers, April 29 – May 3, 2024

Weekly roundup of the outlet's most-read stories: grants for industry bodies, Space Machines' India mission funding, a plastics recycler's Melbourne factory, an Austal ownership debate, and a quantum growth centre.

3 deals

Manufacturing news briefs – stories you might have missed

Roundup of Australian manufacturing news: Pure Foods Tasmania announces a rights issue, Traffic Technologies banks a shareholder raise, Austal USA appoints a president, and Hanwha's Australian defence chief steps down.

News

Applications open for Industry Growth Program, $6.9 million announced for four not-for-profits to assist IGP

Four not-for-profit bodies will share $6.9 million in grants to advise growing small businesses, as the Industry Growth Program opens applications for matched grants of $100,000 to $5 million.

3 deals

Space Machines Company-led project awarded $8.5 million through International Space Investment India Projects

An Australian satellite servicing firm leads an India-Australia debris management mission backed by an $8.5 million government grant; two other companies also won awards under the bilateral space program.

Also Startup Daily·@AuManufacturing·@AuManufacturing·Defence Connect·@AuManufacturing

3 deals

Labor bets big on quantum with $1 billion deal for PsiQuantum and multimillion-dollar Sydney Uni hub

The Australian federal and Queensland governments are investing $940m in PsiQuantum, which will open a Brisbane regional headquarters; $18.4m will fund a national quantum centre at the University of Sydney.

Also Dealroom·Forbes Australia·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Forbes Australia

Unnamed stage $14.7m

Manufacturing news briefs – stories you might have missed

Manufacturing news roundup: CSL opens a Melbourne headquarters, Hazer raises $14.7m, Iluka advances its refinery with federal loan backing, plus executive appointments at Lithium Australia, Vast Solar and CSIRO's board.

3 deals

Satellite inspection startup raises $12 million Series A

Sydney spacetech firm HEO Robotics has closed a $12m Series A led by AirTree Ventures, with Salus, In-Q-Tel, Y Combinator and angels also in, as federal cutbacks hit Australian space programs.

Also Business News Australia·Forbes Australia·SmartCompany·Startup Daily

Grant $4.5m

Manufacturing news briefs — stories you might have missed

Manufacturing briefs: XRF Scientific posts record results, Universal Biosensors receives an R&D tax rebate, Imugene and SMC appoint executives, FWPA promotes forestry in a new campaign, and AGL agrees a Loy Yang transition fund.

2 deals

AROSE and EPE to design lunar rovers following grant awards

Two Australian consortia, AROSE and one involving EPE and Lunar Outpost Oceania, each received a four million dollar grant under the Space Agency's Trailblazer programme to design lunar rover prototypes.

10 deals

Four Australian startups that have raised almost $7 million this week

Weekly roundup of Australian raises: Bloom's seed round, Vedi's animal-health funding, Alii's pre-Series A, and Code Like A Girl's government grant, alongside other WiSE grant recipients.

3 deals

19 companies supported in CRC-P grants

The federal government announced grants supporting 19 Australian manufacturing collaboration projects, including Dovetail Electric Aviation's electric aircraft conversions, Vaxxas' vaccine patch, and Whiteley's anti-biofilm wound treatments, while opening the next CRC-P round.

Also @AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing

6 deals

State and federal support key to Australia becoming a critical minerals super power

Climate Energy Finance analysts review Australian federal and state programs backing critical minerals projects, covering government grants, low-cost loans, new budget funds and the private equity raises and debt facilities they catalysed.

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