Government · 1 deal
Darwin, NT
Every published round Northern Territory 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Arctic Installations | Grant | 30 May 2024 | $500k | Participant | @AuManufacturing (30 May 2024), @AuManufacturing (21 Oct 2022) |
Everyone Northern Territory Government has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
Companies Northern Territory 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 |
|---|---|---|---|---|
| Arctic Installations | 30 May 2024, Grant | 1 | 0 |
Fund closes reported for Northern Territory Government, as distinct from the investments it has made.
Companies Northern Territory Government has backed that another company then bought. An exit for the holding, not a deal Northern Territory Government did.
| Name | Role | Sources |
|---|---|---|
| Joel Bowden | Minister for Skills | @AuManufacturing |
| Kate Worden | Minister for Renewables and Energy | @AuManufacturing, RenewEconomy |
| Nicole Manison | Minister for Advanced Manufacturing | @AuManufacturing (15 Jun 2023), @AuManufacturing (21 Oct 2022) |
| Eva Lawler | Chief Minister | ARN (ARNnet), Startup Daily, @AuManufacturing, RenewEconomy |
| Natasha Fyles | Chief Minister | @AuManufacturing (13 Mar 2023), @AuManufacturing (6 Mar 2023) |
Stories naming Northern Territory Government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
NT startup Peco Pet Food received a roughly $30,000 government innovation grant to develop freeze-dried buffalo dog treats, part of a $115,000 round shared with three other recipients.
Construction firm Northern Trade Solutions is launching a glass-making arm, Northern Glass Solutions, with a $668,072 Northern Territory Government grant toward a $5.4 million, 12-month project alongside industry and university partners.
Paspalis Capital's page describes its Territory-backed co-investment fund and lists six portfolio investments — Esper Satellites, Go Locum, Praetorian Aeronautics, Salty Games, Blueflite and Atomionics — with stages, years and leaders.
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Roundup of brief items: Memphasys hails fertility device trial results; a concrete recycler is fined; Wurrba, Hazer and University of Queensland land government grants; Aus J gains a North American distribution partner.
Drone firm Blueflite is developing hydrogen tanks for UAVs in Darwin alongside Charles Darwin University and H3 Dynamics, backed by NT government support and co-investment from the Advanced Manufacturing Ecosystem Fund.
NextDC has opened D1, its Darwin data centre, built alongside Vocus and the NT government, with Aussie Broadband, GSL Networks and NetVault among foundational partners in the facility's Digital Development Program.
The Northern Territory government and Darwin firm Paspalis have launched a $20m co-investment fund, each committing $10m, to back businesses expanding into the Territory; applications are open.
Roundup of Australian manufacturing news: OncoSil Medical's capital raising, an NT grant for a water monitoring project, GoZero's preferred supplier appointment, Micro-X's first Argus order, Aurora Labs' defence work, and Monash waste-recycling research.
Canberra announces up to $840m for Arafura's Northern Territory rare earths project, while Liontown secures $550m in bank debt for its Kathleen Valley mine, with CEFC and Export Finance Australia among lenders.
Indigenous builder Warle Construction is commercialising a cyclone-resistant steel house-framing kit, backed by a $392,470 co-investment from a NT advanced manufacturing fund, with partners including Annge Consulting, Troppo Architects, Stantec and Vertex Australia.
Battery testing has begun in Darwin for the Bathurst Island solar-plus-storage pilot, built using 5B technology after a Northern Territory government funding announcement, with completion expected by May.
Briefs roundup: Main Sequence adds Alison Deans as venture partner; Starpharma hands the CEO role to Cheryl Maley; DroneShield lands a $2.2 million repeat order; Q-CTRL will deliver quantum training with QUIN.
Australian manufacturing roundup: IDT Australia's shareholder raise, EV charger rollouts, a mining equipment hire, a plastics recycling plant completion, research collaborations and government funding moves.
Northern Territory's Advanced Manufacturing Ecosystem Fund has co-funded six manufacturing projects, reportedly creating jobs and economic returns, with $5.2 million still available for new applications.
A Grok Ventures-led consortium with Quinbrook has agreed to acquire Sun Cable out of administration, reviving plans to ship solar power to Singapore, after Andrew Forrest's side stayed out of the final bidding.
Diverseco opened a Darwin automation facility backed by a $4.45 million co-investment through the NT's Advanced Manufacturing Ecosystem Fund, and will partner with Charles Darwin University on robotics micro-credentials.
SPEE3D hot fire tested a prototype rocket engine in Darwin, first of an 18-month test series. Its SPACE3D project earlier won federal and Northern Territory government grant funding.
A Northern Territory government manufacturing fund co-funds Arctic Installations' tropical insulating panel project, with the company contributing its own capital, and the business has won a first export deal in Timor-Leste.
Also @AuManufacturing
Manufacturing roundup: Vaxxas wins a federal grant for vaccine patch production, Air Tip secures NT co-investment for its tipping trailer, COFA gains research funding, and Fortescue plans US hydrogen research spending.
Also @AuManufacturing
Corrosion Instruments receives the first grant from the NT Advanced Manufacturing Ecosystem Fund, gaining $110,000 in co-investment to build a Palmerston facility and double its team.