Government · 2 deals
Every published round Department of Jobs, Tourism, Science and Innovation 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 | Lead | Brandon BioCatalyst, Brandon Capital, Brandon Capital portfolio (Wed 2 Nov 2022), Brandon BioCatalyst portfolio (Wed 2 Nov 2022), Brandon Capital portfolio (Wed 18 May 2022), Brandon BioCatalyst portfolio (Wed 18 May 2022), Startup News (WA) | |
| Dark Stry | Grant | 21 Dec 2022 | $25k | Participant | Startup News (WA) (Fri 11 Aug 2023), Startup News (WA) (Wed 21 Dec 2022), Startup News (WA) (Thu 21 Jul 2022) |
Companies Department of Jobs, Tourism, Science and Innovation has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Dark Stry | 21 Dec 2022, Grant | 1 | 0 | |
| OncoRes Medical | Jul 2023, Grant | 1 | 1 |
Fund closes reported for Department of Jobs, Tourism, Science and Innovation, as distinct from the investments it has made.
Companies Department of Jobs, Tourism, Science and Innovation has backed that another company then bought. An exit for the holding, not a deal Department of Jobs, Tourism, Science and Innovation did.
Stories naming Department of Jobs, Tourism, Science and Innovation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startup Daily reports on a Bankwest Curtin Economics Centre study of Western Australia's startup ecosystem, urging reforms to talent, diversity, capital and R&D funding so the state can catch up with its eastern neighbours.
Briefs roundup: Forbidden Foods is acquiring oat milk maker Oat Milk Goodness alongside a $650,000 raise, Orbital Corporation wins a $1 million WA grant, and Sam Roberts becomes Professionals Australia's CEO.
Startup News profiles the twelve startups chosen for Spacecubed's 2024 Plus Eight intake in Western Australia, naming their founders and crediting the partners behind the program.
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.
FundWA has backed Perth medtech VitalTrace as the second deal from its debut fund. The biosensor startup's co-founders took out a 2021 WA Innovator of the Year award.
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.
ASTN has received a Western Australian government grant to deliver its sports technology entrepreneurship and pre-accelerator programs in WA, with a Perth launch event scheduled for 25 July.
Kylie and Derek Gerrard's Purpose Ventures has closed $37m for its Western Australian startup fund, with WA investors, the Steinberg Family Office as cornerstone backer and state government operational support.
Also Startup Daily
Manufacturing roundup: Stärke-AMG buys plastics maker GADAC, Orbital's government loan converts to a grant after milestones, plus items on apprentices, SEA Electric, tyre recycling, UniSA's hub and electrification advocacy.
Perth true-crime walking tour startup Dark Stry launched an augmented reality Murder and Macabre tour, and reported receiving a $25,000 government geolocation grant alongside two other Western Australian recipients.
Magnium Australia has raised funds to scale its carbon-neutral magnesium process, with a proof plant targeted for December; separate government money will back a desalination byproduct feasibility study at Collie.
An online marketplace for renting adventure gear has landed its first outside backing, half a million dollars, from a private investment firm whose chief now chairs the company.
Western Australia grants 22 million dollars to nine renewable hydrogen projects, including ATCO's refuelling station and hydrogen buses for Fortescue's iron ore mine, supplied by HYZON Motors.