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Government · 45 deals

Department of Industry, Science and Resources (DISR)

Coverage

Stories naming Department of Industry, Science and Resources (DISR). Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Exit / M&A

‘A sword to send companies into bankruptcy’: Businesses face ‘audit hell’ as R&D goalposts shift

Advisers warn that ATO audits and years-later repayment demands are destabilising firms claiming the R&D tax incentive, citing BindiMaps' administration and sale, as the government prepares to overhaul the scheme from 2028.

Exit / M&A

Beaten Zone Venture Capital Fund 1 Achieves Unconditional ESVCLP Registration

Steve Baxter's Brisbane defence-tech fund announces it now holds unconditional early-stage venture capital registration, giving investors tax breaks; it has put A$4.45m into four companies so far.

News

Beaten Zone fund wins approval, targets AUD $451m defence tech

Beaten Zone's defence-tech fund has won full ESVCLP status, unlocking tax breaks for its backers; the Brisbane vehicle has backed four companies with $4.45m and screens a deep pipeline of defence deals.

5 deals

Neural Notes: Dragonfly Thinking’s next steps after inaugural AI Sprint victory

Profile of Dragonfly Thinking after its win in Australia's first AI Sprint, covering its $300,000 support prize, accelerator experience and product plans, plus brief AI news including raises by TrueState and Andromeda Robotics.

Also SmartCompany·The Mandarin·SmartCompany·SmartCompany

Unnamed stage $20m

Manufacturing news briefs — stories you might have missed

News roundup: Cyclopharm's $20m placement, Eden Innovations' first Holcim orders, Rio Tinto and BHP electric haul truck trials, a hybrid boat's marine award, and a national rail procurement database launch.

Funding announcement

Nine things startups need to know about the 2024-25 federal budget

Budget-day rundown for Australian startups: a quantum computing co-investment, a green manufacturing fund, AI centre money, offshore landing pads and small business measures, while most sector wishlists went unmet.

34 deals

Boosting Female Founders: $11.6 million awarded to 34 businesses in Round 3 grant funding

Round 3 of the Boosting Female Founders Initiative has granted $11.6 million across 34 women-led startups; the article lists each recipient, its project and its grant amount.

Also Women's Agenda·Forbes Australia

34 deals

Meet the 34 grant recipients sharing in the $11.6 million Boosting Female Founders Initiative

Round three of a federal grant program backs 34 women-led startups, with individual awards listed from $133,740 to $480,000 drawn from an $11.6 million pool run by DISR.

Funding announcement

QuantumTX delivers $750,000 to 30 companies

QuantumTX's 2022 space and technology incubator has awarded $750,000 across 30 Australian companies, half from Western Australia, working in remote operations fields including robotics, AI and satellite communications.

Funding announcement

Adatree founder Jill Berry shares 4 tips on landing government grants to boost your startup

Adatree's founder recalls early grant and competition funding her startup won, then gives four tips for chasing government grants: research sources, check eligibility, treat applying rigorously, and partner with researchers.

8 deals

RDCs collaborate to boost agricultural innovation to tackle industry challenges

Two rural research corporations ran federal-backed innovation challenges, awarding grants totalling nearly $5 million, with four agricultural technology companies advancing to million-dollar proof-of-concept funding.

Also @AuManufacturing·Wholesale Investor

Grant $21m

Labor to target Taylor’s role in grants given to gas company with Liberal Party links

Labor plans to refer $21 million in Beetaloo grants to gas company Empire Energy to the audit office over Energy Minister Taylor's involvement, but won't yet back the Greens' move to abolish the program.

3 deals

“Not just about rockets”: Australia’s space tech industry is taking off. Here’s why

Feature on Australia's growing space tech sector: an accelerator chief cites Gilmour Space's series C, space agency grants to four startups, and emerging companies in geospatial data, space medicine and orbital manufacturing.

Also @AuManufacturing·SmartCompany·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing

News

Department officials walk back Coalition coal funding promises, say no decisions made

Federal officials told a senate estimates hearing that no taxpayer money has been committed to a Collinsville coal plant study or to AGL's Liddell generator, despite earlier government announcements suggesting otherwise.

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