Government · 2 deals
Darwin, NT
Every published round Northern Territory Government 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 |
|---|---|---|---|---|---|---|
| Arctic Installations | Grant | 30 May 2024 | $500k | Participant | @AuManufacturing (Thu 30 May 2024), @AuManufacturing (Fri 21 Oct 2022) | |
| Corrosion Instruments | Grant | 21 Apr 2022 | $110k | Participant | @AuManufacturing (Fri 24 Feb 2023), @AuManufacturing (Thu 21 Apr 2022) |
Everyone Northern Territory Government has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
Companies Northern Territory Government has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Arctic Installations | 30 May 2024, Grant | 1 | 0 | |
| Corrosion Instruments | 21 Apr 2022, Grant | 1 | 0 |
Fund closes reported for Northern Territory Government, as distinct from the investments it has made.
Companies Northern Territory Government has backed that another company then bought. An exit for the holding, not a deal Northern Territory Government did.
| Name | Role | Sources |
|---|---|---|
| Eva Lawler | Chief Minister | ARN (ARNnet), Startup Daily, @AuManufacturing, RenewEconomy (Thu 14 Mar 2024), RenewEconomy (Thu 6 May 2021) |
| Joel Bowden | Minister for Skills | @AuManufacturing |
| Kate Worden | Minister for Renewables and Energy | @AuManufacturing, RenewEconomy |
| Michael Gunner | Chief Minister | @AuManufacturing |
| Natasha Fyles | Chief Minister | @AuManufacturing (Mon 13 Mar 2023), @AuManufacturing (Mon 6 Mar 2023) |
| Nicole Manison | Minister for Advanced Manufacturing | @AuManufacturing (Thu 15 Jun 2023), @AuManufacturing (Fri 21 Oct 2022) |
Stories naming Northern Territory Government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
NT startup Peco Pet Food received a roughly $30,000 government innovation grant to develop freeze-dried buffalo dog treats, part of a $115,000 round shared with three other recipients.
Construction firm Northern Trade Solutions is launching a glass-making arm, Northern Glass Solutions, with a $668,072 Northern Territory Government grant toward a $5.4 million, 12-month project alongside industry and university partners.
Paspalis Capital's page describes its Territory-backed co-investment fund and lists six portfolio investments — Esper Satellites, Go Locum, Praetorian Aeronautics, Salty Games, Blueflite and Atomionics — with stages, years and leaders.
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Roundup of brief items: Memphasys hails fertility device trial results; a concrete recycler is fined; Wurrba, Hazer and University of Queensland land government grants; Aus J gains a North American distribution partner.
Drone firm Blueflite is developing hydrogen tanks for UAVs in Darwin alongside Charles Darwin University and H3 Dynamics, backed by NT government support and co-investment from the Advanced Manufacturing Ecosystem Fund.
NextDC has opened D1, its Darwin data centre, built alongside Vocus and the NT government, with Aussie Broadband, GSL Networks and NetVault among foundational partners in the facility's Digital Development Program.
The Northern Territory government and Darwin firm Paspalis have launched a $20m co-investment fund, each committing $10m, to back businesses expanding into the Territory; applications are open.
Roundup of Australian manufacturing news: OncoSil Medical's capital raising, an NT grant for a water monitoring project, GoZero's preferred supplier appointment, Micro-X's first Argus order, Aurora Labs' defence work, and Monash waste-recycling research.
Canberra announces up to $840m for Arafura's Northern Territory rare earths project, while Liontown secures $550m in bank debt for its Kathleen Valley mine, with CEFC and Export Finance Australia among lenders.
Indigenous builder Warle Construction is commercialising a cyclone-resistant steel house-framing kit, backed by a $392,470 co-investment from a NT advanced manufacturing fund, with partners including Annge Consulting, Troppo Architects, Stantec and Vertex Australia.
Battery testing has begun in Darwin for the Bathurst Island solar-plus-storage pilot, built using 5B technology after a Northern Territory government funding announcement, with completion expected by May.
Briefs roundup: Main Sequence adds Alison Deans as venture partner; Starpharma hands the CEO role to Cheryl Maley; DroneShield lands a $2.2 million repeat order; Q-CTRL will deliver quantum training with QUIN.
Australian manufacturing roundup: IDT Australia's shareholder raise, EV charger rollouts, a mining equipment hire, a plastics recycling plant completion, research collaborations and government funding moves.
Northern Territory's Advanced Manufacturing Ecosystem Fund has co-funded six manufacturing projects, reportedly creating jobs and economic returns, with $5.2 million still available for new applications.
A Grok Ventures-led consortium with Quinbrook has agreed to acquire Sun Cable out of administration, reviving plans to ship solar power to Singapore, after Andrew Forrest's side stayed out of the final bidding.
Diverseco opened a Darwin automation facility backed by a $4.45 million co-investment through the NT's Advanced Manufacturing Ecosystem Fund, and will partner with Charles Darwin University on robotics micro-credentials.
A Northern Territory government manufacturing fund co-funds Arctic Installations' tropical insulating panel project, with the company contributing its own capital, and the business has won a first export deal in Timor-Leste.
Also @AuManufacturing
Manufacturing roundup: Vaxxas wins a federal grant for vaccine patch production, Air Tip secures NT co-investment for its tipping trailer, COFA gains research funding, and Fortescue plans US hydrogen research spending.
Corrosion Instruments receives the first grant from the NT Advanced Manufacturing Ecosystem Fund, gaining $110,000 in co-investment to build a Palmerston facility and double its team.
Also @AuManufacturing
Canberra commits a 15 million dollar grant toward a proposed 35MW Darwin big battery meant to cut gas generation, alongside funding for remote microgrids, while Sun Cable eyes Darwin manufacturing.
The Australian Renewable Energy Agency announced a $2.17 million grant for the Alice Springs Future Grid Project, which will trial batteries, tariff reforms and grid planning to lift renewable penetration in the town's isolated network.
Core Lithium has received a Northern Territory Government offer of a concessional $5 million loan for its Finniss lithium project, with documentation still being finalised alongside debt and equity fundraising efforts.
Battery maker Energy Renaissance receives an AMGC co-funded grant of $246,625 to help build automated battery manufacturing, while its gigafactory location remains undecided.