Government · 10 deals
Every published round Federal Government 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 Federal Government has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Aerobond | 7 Nov 2023, Grant | 1 | 0 | |
| GreenHY2 | 25 Oct 2024, Grant | 1 | 0 | |
| Navi Medical Technologies | Developer of Neonav, a vascular device to help clinicians insert catheters into veins of … | Aug 2023, Grant | 1 | 0 |
| PsiQuantum | Quantum computing company establishing APAC HQ in Brisbane | 30 Apr 2024 | 1 | 0 |
| Queensland Pacific Metals | 7 May 2024, Grant | 1 | 0 | |
| Silicon Quantum Computing | startup founded by Michelle Simmons | May 2017, Seed | 1 | 0 |
| Turquoise Group | Jan 2025, Grant | 1 | 0 | |
| KC8 Capture Technologies | 23 Jul 2024, Grant | 1 | 1 | |
| MCi Carbon Pty Ltd | 23 Jul 2024, Grant | 1 | 1 | |
| Novalith | Investible portfolio company where Gega founders previously worked | 23 Jul 2024, Grant | 1 | 1 |
Fund closes reported for Federal Government, as distinct from the investments it has made.
Companies Federal Government has backed that another company then bought. An exit for the holding, not a deal Federal Government did.
| Name | Role | Sources |
|---|---|---|
| Andrew Giles | Skills Minister | @AuManufacturing |
| Anthony Chisholm | Assistant Minister for Regional Development | @AuManufacturing |
| Brendan O’Connor | Skills Minister | @AuManufacturing |
| Ed Husic | Federal Minister for Science and Industry | @AuManufacturing |
| Julie Collins | Agriculture Minister (former) | @AuManufacturing (7 Nov 2024), @AuManufacturing (25 Oct 2024) |
| Madeline King | Resources Minister | @AuManufacturing |
| Mark Coulton | Parkes MP | @AuManufacturing |
| Pat Conroy | Minister for Defence Industry and Capability Delivery | Defence Connect |
Stories naming Federal Government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Deep-tech investor Main Sequence is seeking $400 million for a fourth fund, with $75 million already committed by the federal government, after two portfolio companies reached unicorn status this year.
Explorer Right Resources secured A$755,000 in debt against its expected research refund, advancing gold and critical minerals exploration at Tumbarumba with CODES researchers, following a prior A$930,000 facility.
Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.
Also Startup Daily
The National Reconstruction Fund has put $20 million into Sydney quantum chip maker Silicon Quantum Computing via a SAFE note, following its smaller-than-planned 2023 Series A and a similar NRF bet on Diraq.
Radium Capital article contrasts two aviation founders: Stralis Aircraft raised venture capital through Y Combinator, grants and R&D lending, while V-TOL Aerospace bootstrapped for two decades before sharing a federal grant.
Manufacturing roundup: OncoSil Medical locks in commitments for an $8.7 million raise, Soilco completes its purchase of Martins Fertilizers, Avecho collects an R&D rebate, alongside items on apprenticeships, Myriota, Recce and Swinburne research.
Also thecfigroup.com·divestmergeacquire.com·redchip.com.au·wastemanagementreview.com.au
An Australian battery maker shared drone flight test results for its lithium-sulfur cells, alongside mentions of two earlier grants, a new Geelong plant and its cash position.
ASCA has contracted two unnamed defence firms, one from Adelaide and one from Brisbane, to mature technology that degrades enemy air-defence systems, under a $61.5 million initial government investment.
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
Roundup of manufacturing briefs: Macquarie University opens a silicon research lab with Atto Devices, Spectur's managing director resigns, Provaris and Noxopharm secure new funding, and Livium sells its lithium project stake.
Manufacturing news roundup: GreenHY2 and Atomo Diagnostics receive government grants, Seaport Therapeutics closes a US$225m Series B, Orthocell secures $17m, Genevo Marine opens a crowdfunding offer, and the ACCC clears Accolade's wine acquisition.
Australia's federal government has awarded Australian Strategic Materials a $5 million grant, via its International Partnership in Critical Minerals program, to assess nearer-term rare earth production options for the company's Dubbo Project in NSW.
Queensland will put $8 million toward readying Queensland Pacific Metals' Townsville refinery project for investors, joining a recent federal commitment of the same size; the venture targets makers of EVs, batteries and steel.
Also @AuManufacturing
Casafico's Caboolture plant, backed by Queensland and federal government funding, turns glass and polystyrene into building products, with waste-aggregate masonry blocks planned for mid-2025.
Roundup of Australian manufacturing news: Matrak closes a Series A, Queensland Pacific Metals receives an R&D tax refund, ARENA funds a household energy trial, Ampcontrol appoints a transformation chief, plus policy and launch briefs.
Also @AuManufacturing
Alcolizer is the only Western Australian finalist in the 2023 Australian Technologies Competition; the piece lists all 21 finalists and recalls the testing firm's 2021 federal and 2022 state government grants.
Melbourne medtech Navi Medical Technologies has raised $2.4 million to develop its device guiding catheter placement in newborns, led by Breakthrough Victoria with Medtech Actuator and Artesian VC also participating.
AIMEDICS announced $2.04 million in fresh backing from GBS Venture Partners' government-supported IIFF vehicle and a founding backer, to commercialise its HypoMon device that monitors low blood glucose overnight in people with diabetes.