InnovationAus

InnovationAus is a standalone publication dedicated to covering how government policies influence technology-driven innovation in Australia's key industries. It addresses sectors such as mining, agriculture, financial services, MedTech, cyber security, and advanced manufacturing. The reporting highlights opportunities that align with Australia’s strategic goals and serves as a bridge between government entities, institutional researchers, investors, entrepreneurs, and the broader business community.

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Melbourne biotech PolyActiva scores $27m NRFC investment

1 week ago | innovationaus.com | James Riley

Melbourne-based biotech firm PolyActiva, which has spent 15 years developing an eye-implant technology to treat glaucoma, has won a $27 million investment from the National Reconstruction Fund Corporation as part of a $40 million Series C round.
Google facing adtech class action from local businesses

1 week ago | innovationaus.com | Joseph Brookes

Google is facing a class action from Australian businesses over the fees it charges for advertising technology, after regulators around the world started closing in on the US tech giant. Slater and Gordon on Thursday invited businesses to register for its investigation of anticompetitive practices by Google in adtech – the murky stack of technologies that allows online advertisements.
Second time’s a charm for Defence ERP switchover

1 week ago | innovationaus.com | Justin Hendry

The largest enterprise resources planning overhaul underway in the federal government — and across the Southern Hemisphere — has reached a significant milestone in its six-year history. After being forced to delay an earlier cutover attempt in September, Defence went live with the main release for its $3.5 billion ERP program earlier this month, ending a transition process it has been planning for more than two years.
US curbs chip design software and other shipments to China

1 week ago | innovationaus.com | James Riley

The United States has ordered a broad swathe of companies to stop shipping goods to China without a license and revoked licenses already granted to certain suppliers, said three people familiar with the matter. The new restrictions – which are likely to escalate tensions with Beijing – appear aimed at choke points to prevent China from getting products necessary for key sectors, one of the people said.
Australia's critical minerals reserve must be strategic, not symbolic

1 week ago | innovationaus.com | Joseph Brookes

China’s recent export restrictions on key critical minerals — an apparent response to renewed US tariffs under President Trump — are reminding the world of Beijing’s dominant grip on vital inputs for electric vehicles, semiconductors and defence applications. In this context, Prime Minister Anthony Albanese’s election pledge to establish a $1.2 billion national critical minerals reserve appears timely.
Nvidia reveals sales hit from US export curbs on China

1 week ago | innovationaus.com | Justin Hendry

Nvidia beat quarterly sales expectations as customers stockpiled its AI chips before fresh US curbs on China exports took effect, but the same restrictions will slice off US$8 billion in sales from the company’s current quarter, forcing it to offer a forecast below Wall Street estimates.
EU plans tech scale-up fund to narrow gap with US, China

1 week ago | innovationaus.com | James Riley

The European Commission plans to create a public-private fund of at least €10 billion euros (A$17.5 billion) to help tech companies scale up as the European Union aims to narrow its innovation gap with the United States and China. Launched on Wednesday, the Commission’s ‘Choose Europe to start and scale’ strategy is designed to make up for the EU’s shortfall in unicorn companies – startups with a value that has risen above $1 billion.
‘Push hard and go early’: NRF investment approach up for debate

1 week ago | innovationaus.com | Justin Hendry

A split has emerged between the board and investment arm of the National Reconstruction Fund over the direction of the federal government’s landmark $15 billion investment vehicle. Ahead of a new statement of expectations from the second-term Albanese government, the fund is debating the need for a more “aggressive” approach that would see it invest in companies earlier.
Brian Schmidt is ‘scared’ about our research capacity - this is why

1 week ago | innovationaus.com | James Riley

Nobel laureate Brian Schmidt and economics professor Richard Holden gave a joint address on Wednesday to the National Press Club in Canberra. Their key message? Australia isn’t spending enough money on university research. Schmidt wants to ensure Australia can undertake research vital to our national interests. “I look around and I am scared,” Schmidt said.
Surprise industry and tech picks in Ley's first shadow ministry

1 week ago | innovationaus.com | Joseph Brookes

NSW Liberal powerbroker Alex Hawke has been named shadow industry and innovation minister, while former Salesforce executive and presumptive new MP Giselle Kapterian has been handed the opposition reins for technology and the digital economy. The changes are among the most surprising in a new shadow ministry announced on Wednesday by new Opposition leader Sussan Ley, following a reunification with junior Coalition partner the Nationals.