Ledger.

Company

Griffith University

Nathan, QLD

Coverage

Stories naming Griffith University. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Grant ~$53m

Burning forest “waste” to make cement is poor climate policy, poor environmental policy and bad economics

Commentary contends the federal government's near-$53m backing of a Tasmanian cement kiln switch to burning wood waste and tyres is misguided, arguing biomass burning raises emissions, damages forests and wastes public money.

Also RenewEconomy

Unnamed stage $32m

Dentroid raises $32 million for needle-free dental technology

Canberra medtech Dentroid has banked $32 million at a $265 million valuation, with Septodont both investing and signing a worldwide licensing deal for its light-based device that eases dental pain without needles.

Also Dealroom

8 deals

Seven ANZ startups that raised $17 million this week

Weekly roundup of seven Australian and New Zealand startup raises totalling $17 million, including two startups entering Y Combinator, plus a new QuantX Labs board director and SmartrMail's earlier sale to Relay Commerce.

Also Startup Daily·Startup Daily

2 deals

Brisbane Airport out, Moreton Bay in: PsiQuantum picks new site for its $940m quantum computer build

PsiQuantum has relocated its $940m government-backed quantum computing project to Moreton Bay after dropping the Brisbane Airport site, with groundbreaking set for June following timeline slippage flagged in Senate Estimates.

Also Startup Daily·Startup Daily

3 deals

Australian champion of two-way smart grid technology that won Arena funding placed in liquidation

Queensland smart-grid company Elexsys Energy, trading as Planet Ark Power, won federal and state grants and partial Series B backing before being wound up on a tax office application.

Unnamed stage $7.5m

Manufacturing news briefs – stories you might have missed

AuManufacturing roundup of brief industry news: Wide Open Agriculture banks a $7.5 million raise, Liontown adds a lithium offtake partner, Osteopore signs Zimmer Biomet for distribution, plus quantum, defence, rail and recycling items.

2 deals

MRFF awards $50 million to Australian team developing artificial heart

The federal MRFF has granted $50 million to the Artificial Heart Frontiers Program, a Monash-led consortium including BiVACOR, to advance a total artificial heart; the team earlier received $1 million in 2021.

Also @AuManufacturing

Funding announcement

Here are the 12 deep tech startups CSIRO chose for its latest ON Accelerate program

CSIRO has picked twelve deep-tech teams, mostly from Australian universities, for the eighth edition of its ON Accelerate commercialisation program starting in February 2024.

Unnamed stage $5m

Manufacturing news briefs – stories you might have missed

Roundup of Australian manufacturing news: Orbital UAV's $5m placement with UIL backing, Nufarm's record earnings, a Hazer–Mitsui graphite agreement, Baraja's patent milestone, the new skills agency, and a university research grant.

Grant $100k

This is not a drill: Dentroid gets support to progress laser-based dental robot invention

Canberra dental robotics startup Dentroid is leading a collaborative micromirror project with Griffith University and the IMCRC, backed by a $100,000 IMCRC grant, to advance drill-free, laser-based dental surgery.

2 deals

New program aims to commercialise total artificial heart within six years

A consortium led by Monash University and BiVACOR won a $1 million Medical Research Future Fund grant to commercialise an Australian total artificial heart; BiVACOR had earlier closed a US$19 million Series B.

Also SmartCompany·@AuManufacturing

Grant

New diode manufacturing process attracts grant support

Questsemi and Griffith University won an Innovative Manufacturing CRC Activate grant for silicon carbide diode fabrication research; the $1.3 million project includes a pilot production facility, and Alcolizer and FormFlow are past program recipients.

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