Breakthrough Victoria launches groundbreaking fellowship program to boost research entrepreneurship
Breakthrough Victoria is excited to announce the launch of the Breakthrough Fellowship Program, a pioneering initiative designed to ignite research entrepreneurship talent across Victoria. The Breakthrough Fellowship Program is a $7.5 million, multi-year initiative aimed at fostering research entrepreneurship in Victoria. It is projected to establish up to 50 new […]
Convergence Medical secure $5 million from global investors for world-first surgical robot
Brisbane MedTech company Convergence Medical has secured AU$5 million from global investors, closing out its successful Series A funding round. US investor Avicella Capital has backed the company’s world-first arthroscopic surgical robot – named VO1 – which will support plans to commercialise the robot, expand into the US and disrupt […]
State approval for North West Shelf extension a key step to energy security
Australian Energy Producers welcomes the Western Australian Government providing environmental approval for the North West Shelf Project Extension. “The North West Shelf project is critical to providing energy security and emissions reductions to the state and region – through long-term gas supply to Western Australian households and businesses and supporting […]
MGA Thermal selected by Chevron for innovative clean steam solution study
Clean energy innovator to conduct Front-End Engineering Design study for global energy leader MGA Thermal, a leading innovator in clean energy solutions, today announced its selection by Chevron to conduct an initial engineering and design study for an innovative clean steam solution. This study marks a significant milestone for MGA […]
Australian businesses can learn about circularity from Europe’s new product eco-design rules
Ross Thompson, Greenbox In the face of climate change, governments and businesses are either pushing or being inevitably pulled to reset their strategies, practices and systems from linear to circular. Legislation and regulations, along with certifications, are a key lever for this mega trend. Mandatory climate-related financial disclosure for big […]
Ed Husic launches Propel-AIR: Australia’s First Robotics Sprint
Australia’s Federal Minister for Industry and Science, Ed Husic, has launched Australia’s first-ever AI and Robotics Sprint, ‘Propel-AIR’ in Brisbane. Designed to fast-track innovation and empower Australian startups, businesses, researchers, and entrepreneurs, the Propel-AIR Initiative is part of the ARM Hub AI Adopt Centre programs and is focused on developing […]
Geely announces parts logistics partnership with DB Schenker
End-to-end service will offer Australian drivers peace of mind that Geely Genuine Parts will be readily available without the need to wait for lengthy importing processes. Geely plans to launch its new EX5 to the Australian market in 2025. It has appointed DB Schenker to handle end-to-end contract logistics […]
Student architecture exhibition challenges the boundaries of our skyline and imagination
Student architects from Western Sydney University have hosted their second consecutive end of year exhibition highlighting innovative and creative works by talented students within the University’s Architecture program. The exhibition, titled ‘Beyond the Horizon’, challenged the current architectural landscape and skyline of Sydney by offering new insights and re-imagining urban […]
Accelerate new gas projects to fuel WA’s economy
Industry efforts in Western Australia to boost gas supply have eased concerns around potential shortfalls, but fast-tracking new gas projects remains critical to ensure reliable energy for the state’s households and industry. The Australian Energy Market Operator’s (AEMO) 2024 Western Australian Gas Statement of Opportunities (GSOO) today confirmed the state’s gas industry […]
Roadmap recognises economic opportunities from offshore decommissioning
Australian Energy Producers welcome the Australian Offshore Resources Decommissioning Roadmap released today, which recognises the importance of “Australia’s strong and successful gas sector” as it embarks on a major scope of decommissioning works over the next decade. The Roadmap outlines a number of actions aimed at positioning Australia as […]
Terria bites into billion-dollar geospatial tech market
Geospatial tech startup Terria has spun out of CSIRO, Australia’s national science agency, after successfully closing a seed investment round with Australian deep tech investment fund, Main Sequence. Terria organises and visualises the world’s spatial data, across thousands of mapping and information layers, to make it accessible and useful for […]
Improving processes and enhancing efficiencies in manufacturing
James Robinson, Head of Services for Asia Pacific at Syspro. In today’s global manufacturing market, competition is intense. International supply chains, shifting consumer demands and rapid technological advances force manufacturers to adapt swiftly or risk falling behind. For Australasian manufacturers, these challenges are magnified by geographical distance from key […]
Breakthrough Victoria launches groundbreaking fellowship program to boost research entrepreneurship
Breakthrough Victoria is excited to announce the launch of the Breakthrough Fellowship Program, a pioneering initiative designed to ignite research entrepreneurship talent across Victoria. The Breakthrough Fellowship Program is a $7.5 million, multi-year initiative aimed at fostering research entrepreneurship in Victoria. It is projected to establish up to 50 new startup companies and create at least 50 jobs, thereby nurturing entrepreneurial talent and enhancing future investment pipelines. The program addresses critical market gaps and aims to cultivate the next generation of startup founders from Victorian universities and medical research institutes. Data from the U.S. National Science Board highlights the pivotal role of STEM founders in attracting investment and creating high-paying jobs. Despite this, internal analysis by University College London (UCL) revealed that the optimal time for starting companies is during the PhD level, particularly when multiple PhDs collaborate on varied research topics to uncover commercial possibilities. In Victoria, however, there is a notable lack of awareness about entrepreneurship and startup careers among students. A post program review of the University of Melbourne’s PhD Innovators program led by the Melbourne Entrepreneurial Centre’s Professor Colin McLeod found that 89 per cent of participants were interested in becoming venture founders yet faced a scarcity of investment opportunities. The Breakthrough Fellowship program is designed to bridge this gap. This unique fellowship program is the first in Australia to offer a tangible salary and research commercialisation funding, alongside mentoring and skills development. Under the Breakthrough Fellowship Program, Breakthrough Victoria will invest up to $150,000 per startup. Each startup must focus on commercialising research conducted by the founders or associated university professors. Fellows will have to draw a salary between $60,000 and $90,000 from the invested capital, ensuring financial stability during their entrepreneurial journey. The remaining funds will support additional hiring or product development. Applicants must […]