innovation

Bain Capital Private Equity has signed a definitive agreement with Toshiba Corporation (Toshiba) for the purchase of Toshiba Memory Corporation (TMC). A special purpose acquisition company formed by the Bain Capital-led consortium, K.K. Pangea (Pangea) has entered into a Share Purchase Agreement (SPA) with Toshiba for the purchase of all shares of TMC, a wholly … Continue reading Toshiba to sell chip unit to Bain Capital for $22b →

Former automotive industry workers have found jobs working to remove dangerous level crossings after taking part in an Victorian Government’s South East Automotive Transition program to reskill and retrain them for new careers. Minister for Training and Skills Gayle Tierney visited the Rosanna Level Crossing site to meet six former apprentices and two former trainees … Continue reading Vic government program helps former automotive workers transition to new roles →

The Industrial Internet Consortium (IIC), the global organisation transforming business and society by accelerating the adoption of the Industrial Internet of Things (IIoT), and oneM2M, the global IoT standards initiative, have announced they have agreed to work together to contribute to the creation and development of the industrial internet. Under this agreement, the organisations will promote the … Continue reading Industrial Internet Consortium and oneM2M partner on IIoT →

The Queensland Government has opened the third round of its popular Small Business Digital Grants, providing up to $10,000 in matched funding to operators keen to embrace new technology. Small Business Minister Leeanne Enoch said 403 Queensland small businesses have already shared in more than $2 million in funding under the first two rounds of the program – generating growth … Continue reading New round of QLD government small business grants →

Schneider Electric has introduced their new EcoStruxure software solutions, bringing what they say is measurably profitable asset and operation reliability to the industrial market for the first time. EcoStruxure is Schneider Electric’s IoT-enabled, open and interoperable system architecture and platform. Delivering Innovation at every level across connected products; edge control; and apps, analytics and services, the … Continue reading Schneider delivers new EcoStruxure solutions →

ABB has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business for $2.6 billion (A$3.28 billion).  In 2016, GE Industrial Solutions had revenues of approximately $2.7 billion, with an operational earnings before interest, tax, depreciation and amortisation (EBITDA) margin of approximately eight per cent and an operational EBITA margin of approximately six per … Continue reading ABB acquires GE’s Industrial Solutions business →

The Minister for Finance, Services and Property Victor Dominello joined The Duke of York, Prince Andrew, at the official opening of a new state-of-the-art business innovation centre funded by the NSW Government at Macquarie University. The Deputy Premier and Minister for Small Business John Barilaro said the Macquarie University Incubator will bring university researchers together … Continue reading Macquarie University incubator launched →

The Australian government has announced the commissioning of the first Australian-built Air Warfare Destroyer, HMAS Hobart. According to the Department of Defence, the warship brings together the best of Australian and global technology to be one of the world’s most potent and lethal warships.  She will provide air defence for accompanying ships, in addition to land … Continue reading Australia commissions its first air warfare destroyer →

Google and HTC Corporation have announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. The agreement will see HTC receive US$1.1 billion (A$1.39 billion) in cash from Google as part of the transaction. Separately, Google will receive a … Continue reading Google acquires $1.39 bn in HTC assets →

Queensland company Clenergy TeamArrow is claiming line honours in the developmental race for the world’s first commercially available solar-powered car. According to the state government’s media release, Minister for Innovation, Science and the Digital Economy Leeanne Enoch officially launched the Arrow STF (Sports Touring Framework), a two-seater “Cruiser Class” solar sports coupe that has a … Continue reading QLD company produces world-first solar-powered car →

The Industrial Internet Consortium (IIC), a global organisation transforming business and society by accelerating the adoption of the Industrial Internet of Things (IIoT), has announced the Smart Factory Machine Learning for Predictive Maintenance Testbed. The testbed is led by two companies, Plethora IIoT, a company, designing and developing solutions for Industry 4.0, and Xilinx, provider of all programmable … Continue reading IIC launches smart factory machine learning testbed →

According to a press statement by the NSW Ministry of Industry, more than 170 jobs will be created over the next five years after the NSW Government secured a multi-million dollar global cyber security research and development facility in North Sydney. Minister for Innovation Matt Kean said the NSW Government-backed Jobs for NSW has invested … Continue reading Sydney secures global cyber security facility →

The Queensland Government is providing almost $350,000 to fund innovation kick-starting safer handling and a more enjoyable experience for motorcycle riders world-wide. In a media release last week, Minister for Innovation Leeanne Enoch said two Brisbane-based companies – Queensland Motorcycle Innovation and Heluva ­ – have received Advance Queensland Ignite Ideas funding to back bright ideas … Continue reading Qld Government backs innovative motorcycle technology →

Ansell Limited has announced the closing of its sexual wellness business to Humanwell Healthcare (Group) Co., Ltd. and CITIC Capital China Partners III, L.P. (the Buyer Consortium) for US$600 million (A$754 million). The sale comes as part of the plan to shift the focus on the manufacturing of gloves and other protective gear for the manufacturing … Continue reading Ansell completes sexual wellness business sale →

Local industry will have more opportunities to participate in major defence infrastructure projects as part of a pilot program announced by Minister for Defence, Senator Marise Payne, today. The Local Industry Capability Plan pilot will ensure that local industry has the best possible opportunity to be involved in the Turnbull Government’s $200 billion investment in … Continue reading Local industries to have more opportunities in defence projects →

The WA Government will transform the existing Ocean Reef Boat Harbour into a world-class waterfront precinct, creating hundreds of jobs in the northern suburbs. Delivering on an election commitment to kick-start the development, the McGowan Government has committed $120 million over the life of the project and will see the long-awaited transformation finally get underway. … Continue reading Ocean Reef Marina project to see creation of “hundred of jobs”: WA Government →

Australian technology innovator, BluGlass Limited has partnered with Griffith University and the Innovative Manufacturing Cooperative Research Centre (IMCRC) to deliver a step-change transistor in the power electronics industry. According to a media release, BluGlass will be leading a two-year, $600,000 cash investment (inclusive of a $300,000 grant from the IMCRC) research project in partnership with Griffith … Continue reading BluGlass partners Griffith Uni and IMCRC to develop next-gen transistors →

M2, the new “one stop shop” that CSIRO says will bring the best in knowledge and technology has been created by CSIRO, Monash University and Monash Health Translation Precinct  (MHTP). The creation of M2 is aimed at turning innovative concepts into a reality for Australia’s flourishing medtech industry and benefit millions of patients as a result of the … Continue reading M2 launched for growing medtech industry →

Towards the close of last month, the Turnbull Government announced that Moody’s has maintained Australia’s AAA credit rating, with a stable outlook. Moody’s has noted the Government’s record of “strong economic management” that has ensured Australia’s AAA credit rating which has been maintained with all three major ratings agencies. According to the Treasury’s statement, Moody’s decision … Continue reading Moody’s reaffirms Australia’s AAA rating →

Speaking at the Western Sydney Business Connection “State of the Region” event held in Parramatta today, Deloitte Western Sydney managing partner, Danny Rezek told the 550 attendees that that while momentum behind Western Sydney projects is strong, the region cannot afford to take its eye off the ball. Mr Rezek said that there is unprecedented momentum behind … Continue reading Deloitte: Knowledge based jobs and skills vital to Western Sydney →