Investor · 3 deals
Every published round Australian Economic Accelerator 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 |
|---|---|---|---|---|---|---|
| AlleSense | Series A | May 2026 | $5m | Participant | Startup Daily (Fri 29 May 2026), Dealroom, Startup Daily (Thu 28 May 2026) | |
| Topicure | Grant | 2025 | $499.4k | Lead | Business News Australia, SmartCompany | |
| Elemental Therapeutics | Grant | 2025 | $480.4k | Lead | Business News Australia, SmartCompany |
Companies Australian Economic Accelerator has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| AlleSense | May 2026, Series A | 1 | 0 | |
| Elemental Therapeutics | 2025, Grant | 1 | 1 | |
| Topicure | 2025, Grant | 1 | 1 |
Fund closes reported for Australian Economic Accelerator, as distinct from the investments it has made.
Companies Australian Economic Accelerator has backed that another company then bought. An exit for the holding, not a deal Australian Economic Accelerator did.
| Name | Role | Sources |
|---|---|---|
| Jeff Connolly | Chair | @AuManufacturing |
| Julia Spicer | Deputy Chair | @AuManufacturing |
Stories naming Australian Economic Accelerator. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian biotech ReNerve and RMIT received a government grant of nearly AUD500,000 for a joint project aiming to speed nerve repair after prostate operations, under a federal program.
University of Queensland researchers, funded by an Australian grant and working with cultivated-meat firm Magic Valley, found microalgae grown on production waste can recycle nutrients and sharply cut the cost of growing meat cells.
La Trobe University spin-out AlleSense has secured $5 million to develop slide-based imaging for earlier cancer detection, led by Welcome Ventures with Breakthrough Victoria and the Australian Economic Accelerator's grant program also contributing.
Also Dealroom·Startup Daily
South Australian hollow-core fibre navigation project by Adelaide University, Northrop Grumman Australia and Norseld won almost half a million dollars in federal Ignite grant funding, adding to earlier Defence Trailblazer support.
Weekly roundup of readers' five favourite stories: a hydrogen grant for 1414 Degrees, LS Precast's rail tunnel contract, AML3D's US Navy pact, quantum clock breakthrough, and Suntory Oceania's launch.
The hydrogen partnership and a university have won a $2.75 million federal Innovate grant to advance a South Australian pilot reactor, adding to money their shareholders committed during 2025.
The federal government will open the next Ignite and Innovate grant round on 23 July and has announced 39 newly funded Innovate projects, with about $178 million awarded so far under the program.
University of Southern Queensland-led researchers won an AEA Ignite grant of $198,679 to develop duckweed grown on dairy manure as biofuel feedstock, working with the University of Adelaide and Active Research.
CSIRO's ninth ON accelerator cohort of eleven research teams has completed the program, with three members winning grants, two filing patents, and individual awards announced.
Griffith University researchers, backed by an Economic Accelerator seed grant, have built a proof-of-concept silicon carbide transistor that removes energy-wasting losses; startup Silvertech is partnering to commercialise it.
Roundup: Space Machines' joint India mission clears a design milestone with an $8.5m government grant behind it, RMIT and Skykraft scale up photonics-based navigation tech, and SunCable names a new group CEO.
University of Melbourne researchers describe a faster acoustic bioprinting method for human-like tissue; PhD candidate Callum Vidler's project recently won a $199,482 seed grant via the national AEA pilot program.
BluGlass will supply GaN laser chips for an underwater LiDAR project alongside Macquarie University and defence firm Aurizn, with backing from a government seed grant; revenue so far is immaterial.
Manufacturing sector roundup: Whyalla steelworks resumes production, Maggie Beer Holdings' chief executive to depart, ReNu Energy secures hydrogen funding, Defence names grant recipients, Orthocell gains Canadian approval, and AEA appoints its advisory board.
Sparc Hydrogen has selected a site near Adelaide for a pilot plant proving its solar-driven hydrogen process, after on-sun trials at CSIRO's Newcastle facility, with the project backed by two grant programs.
Deep tech venture firm Main Sequence has reached an initial A$450 million close on its third fund, pushing money under management past A$1 billion; Hostplus, Temasek and CSIRO are among the backers.
Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing·Business News Australia·TechCrunch Venture