Picture this. You’re standing beside a loved one’s hospital bed. The doctor has just told you that they know how to treat your loved one, but can’t because the hospital is out of intravenous (IV) fluids. Watching your loved one weaken, you feel a wave of helplessness because the hospital doesn’t have what is essentially…
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The federal opposition will on Monday press for a Parliamentary inquiry into the government’s investment in US-based quantum computing startup PsiQuantum, claiming questions remain about whether proper probity processes were followed and if the company was given preferential treatment. Newly-released documents obtained under the Freedom of Information regime confirm that PsiQuantum representatives had met with…
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“Signing off on the investment mandate means the National Reconstruction Fund can get cracking on rebuilding our manufacturing capabilities and supply chain resilience. Making things here, shipping them everywhere.” That was federal Industry and Science minister Ed Husic this time last year. He was ushering in a new era of public-private investment via the Albanese…
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Australian government tech procurement practices have fallen out of step with global best practice, leaving local tech companies without the same support enjoyed by international peers. While Australia’s major trading partners have been more explicit and aggressive in using procurement to directly support their own technology industries, Australia has not. A new report from Insight…
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If Australian government, business and defence leaders want another confronting example of 21st century asymmetric capability in innovation ambition and speed of execution, take a look at Chris Power and his startup Hadrian Automation. Mr Power is an Australian who is on a mission to reinvent manufacturing and “build the world’s most efficient factories”. In…
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Macquarie University has ratcheted-up ambitions for commercialising technology in the semiconductor industry, launching an on-campus Silicon Platforms Lab (SiP Lab) in collaboration with local startup Atto Devices. The structure of the collaboration is effectively a mirror opposite of a university ‘spin-out’. It is instead a university ‘spin-in’, where industry startup Atto Devices has been brought…
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Gold Coast-based rocket maker Gilmour Space Technologies passed a historic milestone on Monday after being granted the Australian Space Agency’s first-ever orbital launch permit, paving the way for the maiden flight of its three-stage Eris vehicle as early as December. The permit was officially signed off by Industry minister Ed Husic late on Monday afternoon,…
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The national support infrastructure to help young deep tech entrepreneurs scale their companies has improved dramatically, but there are still some gaps, and areas that might need consideration for future budgets, Australia’s outgoing chief scientist Dr Cathy Foley says. In a wide-ranging interview ahead of the InnovationAus Awards for Excellence on Wednesday, Dr Foley said…
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Once the embattled software entrepreneur Richard White had resigned from WiseTech Global – the company he founded 30 years ago – it was only a matter of time before his resignation landed at the Technology Council of Australia as well. It didn’t take long. After a day of high drama, Mr White resigned as a…
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With less that a week until the 2024 InnovationAus Awards for Excellence are awarded at a black-tie dinner extravaganza in Sydney, our incredible line-up of guest speakers and presenters are locked in. Now in its fourth year, the 2024 Awards for Excellence bring together more than 500 entrepreneurs and researchers, founders and VCs and policymakers….
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Frustration over the management at the Tech Council (TCA) of the Richard White scandal has spilled over into a festering resentment among members about the way Mr White was appointed to the council’s board in the first place. A number of TCA members contacted by InnovationAus.com say Mr White should resign from the board immediately,…
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The National Reconstruction Fund’s inaugural chief investment officer Dr Mary Manning has joined a stellar line-up of speakers at the 2024 InnovationAus Awards for Excellence in Sydney on the evening of October 30. As the lead investment officer at the federal government’s signature $15 billion industrial development fund, Dr Manning’s keynote will be eagerly anticipated…
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In a world where rival superpowers the United States and China are spending many trillions of dollars to win the new digital industrial revolution, Australia’s vital economic statistics and low ambition presents more Banana Republic than a serious and resilient middleweight player. At the beginning of the next quarter of this tech-led and disrupted 21st…
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New South Wales Treasurer Daniel Mookhey will deliver the industry keynote address at the gala dinner for the 2024 InnovationAus Awards for Excellence in Sydney on October 30. From the Treasury portfolio, Mr Mookhey has played a central role in the roll-out of Minns government agenda since it was elected in March last year, and…
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The federal government is assessing an unsolicited proposal from a group of Australian quantum companies seeking substantial funding to build ‘test-bed’ infrastructure that could be used by the local industry to test and refine valuable quantum products. The group is a loose consortium of venture-backed Australian companies and at least one public research institution and…
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The federal government’s Future Made in Australia tsar Senator Tim Ayres will deliver the opening keynote address at the 2024 InnovationAus Awards for Excellence, a reflection of the awards’ deep tech focus. Senator Ayres was appointed to the newly created role as part of Prime Minister Anthony Albanese’ ministerial reshuffle in July. The Future Made…
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The federal government’s Future Made in Australia tsar Senator Tim Ayres will deliver the opening keynote address at the 2024 InnovationAus Awards for Excellence, a reflection of the awards’ deep tech focus. Senator Ayres was appointed to the newly created role as part of Prime Minister Anthony Albanese’ ministerial reshuffle in July. The Future Made…
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In a recent interview, the outwardly mild-mannered former Google chief executive and chairman Eric Schmidt made some bold statements. He revealed that ‘his friends” at the forefront of artificial intelligence have modelled the power needs of the world’s new energy guzzling technology. They have concluded the United States will run out of power by 2028….
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Gilmour Space Technologies has successfully puts its Eris launch vehicle through a critical wet-test rehearsal, taking the orbital rocket to within ten seconds of launch. As the company continues to wait on Australian Space Agency approval for a permit to launch the three-stage, Australian designed and manufactured rocket from its Bowen Orbital Spaceport in Queensland,…
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Australia is a highly educated, ethnically diverse and resource-rich country with 159 billionaires; $3.4 trillion in superannuation savings; a $22.7 billion Future Made in Australia policy; a $272 billion Future Fund; a $22 billion Medical Research Future Fund; a $15 billion National Reconstruction Fund; and a sports loving population that spends $25 billion a year…
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Why is there silence on the fact that the bureaucracy not only ignored legal commentary from an esteemed legal scholar on Robodebt, but has also ignored legal commentary from the same esteemed legal scholar on RoboNDIS? This question has wide ramifications for the Australian Public Service and government. In the week since the Australian Public…
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Last year, I started getting a lot of unsolicited phone calls, mainly from people trying to sell me things. This came as a surprise because, as a data scientist, I am very careful about what personal information I let out into the world. So I set out to discover what had happened. My investigation took…
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Asymmetric capability is now a defining term in our increasingly geopolitically volatile and technologically driven 21st century. It refers to a situation in military and strategic contexts where one party has a significant advantage over another in terms of resources, technology, talent, processes or logistics. And this week, the world saw two stunning demonstrations of…
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The first anniversary of founding of the National Reconstruction Fund Corporation passed quietly this week, unheralded, and without celebration. It’s first year of operation has attracted mixed reviews. If any champagne corks were popped to mark this important milestone, it was done behind closed doors. The $15 billion NRF Corporation was formally established on September…
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Of all the policy presentations at The Industry Papers forum last week, the one that touched a raw nerve was about the Australian Public Service, with a call to bring the regulations governing senior bureaucrats more in line with the private sector. The senior leadership of our public service are held to lower standards of…
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If we want a future made in Australia, we will have to vote for it at the next federal election says Senator Tim Ayres, the newly appointed Assistant Minister for the Future Made in Australia (FMiA) mission, and to some, it’s new great white hope. “Only the Albanese government sees Australia’s potential to be more…
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