Government · 4 deals
Every published round Investment Attraction Fund 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| OncoRes Medical | Grant | Jul 2023 | $3m | Participant | Brandon BioCatalyst, Brandon Capital, Brandon Capital portfolio (2 Nov 2022), Brandon BioCatalyst portfolio (2 Nov 2022), Brandon Capital portfolio (18 May 2022), Brandon BioCatalyst portfolio (18 May 2022), Startup News (WA) | |
| Koodaideri Innovation and Technology | Grant | Jul 2023 | $952.5k | Participant | SmartCompany | |
| Fremantle Seaweed | Grant | Jul 2023 | $4m | Participant | Startup Daily | |
| Austin Engineering | Grant | Jul 2023 | $5m | Participant | @AuManufacturing |
Companies Investment Attraction Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| OncoRes Medical | Handheld probing device that assesses during surgery whether all breast cancer tissue has… | Jul 2023, Grant | 1 | 0 |
| Koodaideri Innovation and Technology | Jul 2023, Grant | 1 | 0 | |
| Fremantle Seaweed | Jul 2023, Grant | 1 | 0 | |
| Austin Engineering | Jul 2023, Grant | 1 | 0 |
Fund closes reported for Investment Attraction Fund, as distinct from the investments it has made.
Companies Investment Attraction Fund has backed that another company then bought. An exit for the holding, not a deal Investment Attraction Fund did.
Stories naming Investment Attraction Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Western Australia seaweed venture Fremantle Seaweed banked A$2.176 million from 676 crowd investors, with a larger sophisticated-investor tranche planned; Sea Forest's fresh ASX listing frames the story.
WA's government has awarded $34 million from its Investment Attraction Fund to three decarbonisation projects: a Pilbara Minerals–Calix lithium plant, POSCO and Port Hedland Iron's briquetted iron venture, and International Graphite's Collie expansion.
Roundup of Australian manufacturing news: OncoSil, K-TIG and Aurora Labs complete or commit raises, Amplia opens an offer, Siemens agrees to buy Altair, CSIRO unveils a printed-solar facility, and a WA medical alliance grows.
Eleven WA health organisations, including grant-backed Metabolic Health Solutions, head to the AusMedtech 2024 conference with ministerial support to present devices and pursue new partners.
A $2 million Western Australian government matching grant will help Bridgewest upgrade its Bentley drug-making site, NovaCina, adding production lines and roughly 70 jobs while cutting import dependence.
Manufacturing briefs roundup: WA government commits $5m to space facility Fugro SpAARC; Starpharma and Micro-X receive R&D tax refunds; Bulla licenses Violet Crumble for ice cream; SCEE wins $50m in contracts.
Weekly roundup covering five Australian startups that announced a combined $58.5 million in new funding, spanning quantum computing, advertising software, mining safety technology and event rental software, alongside government grant programs.
Western Australia's government has put $5m toward Infinite Green Energy's Northam green hydrogen project through its Investment Attraction Fund, which has so far backed 40 projects worth $148.4 million.
Also RenewEconomy
Western Australia's Investment Attraction Fund commits $5 million to Infinite Green Energy's MEG HP1 green hydrogen project in Northam, built with Samsung C&T and Doral Energy Group, from a $148.4 million funding pool.
OncoRes Medical has received a $3 million WA government grant to manufacture its surgical cancer-imaging device locally, its latest funding after a 2022 Series A2 and earlier state and federal grants.
Roundup of Australian manufacturing news: Austin Engineering and Thales win government grants, IMCRC hands futuremap to the Australian Industry Group, AMSL Aero completes its eVTOL's first flight, and Gale Pacific reports half-year earnings.