Australia’s tech news in October 2024 touched on items and articles including coverage of, for instance: new Australian cybersec legislation, mandating short reporting timeframes; Australian gravity-based energy storage and production systems; funding for Australian quantum computing firms; Australia-India tech startup agreements; and many more. Hit the links below to read each article in full.
Market reference: Australia
- Australian population (2023): 26 million
- Australia’s online population: 25.3 million / 97.6%
- Australia’s median age: 38.1 years
Video: ‘How quantum computing will reshape Australia’s economy‘
- Paloma Capital has launched its second fund, targeting high-growth tech firms in Australia and New Zealand, looking at 14-18 investments over 3 years / full item
- Australia: An intro to the 10 tech startups emerging from the University of Newcastle I2N accelerator, with solutions in sports-tech, disabilities, clean-tech and more / full item
- Australia-China research identifies new method for lithium extraction from saltwater, with lower environmental impacts and faster processing, and freshwater as a by-product / full item
- Australia: New package of proposed cybersecurity legislation has been released, with mandates including 72-hour reporting obligation of cyber-ransom payments / full item
- Australia-linked Ioneer gains US federal permit for Rhyolite Ridge lithium-boron mine, potentially supplying lithium for 370K EVs a year and quadrupling US production / full item
- Australia: National AI Centre rolls out AI Impact Navigator to help Australian companies to understand, manage and tackle the challenges of artificial intelligence / full item
- Australia: Tasmanian gov’t under fire for use of AI in ‘validating’ economic benefits of proposed hotel development / full item
- Australia: An intro to Novalith, producing battery-grade lithium faster, cheaper and greener / full item
Asia Tech News Podcast: Audio headlines round-up to mid-October 2024
- Australia: ISACA Canberra Conference 2024 is set for November 1st, featuring the SheLeadsTech Breakfast for female information and systems professionals / full item
- Australia: $2BN state gov’t-backed Breakthrough Victoria fund invests $2.5M in Viridian Renewable Tech, which recycles food waste for animal feed and fertiliser using fly larvae / full item
- Australian Open’s AO StartUps launches its final intake for 2024, seeking startups and innovators to test, trial and develop technologies across Tennis Australia events / full item
- Australia: ARM Hub AI Adopt Centre launches for manufacturing SMEs to gain knowledge on AI and robotics, aiming to engage with as many as 30,000 small businesses / full item
- Australia: Green Gravity raised Au$9M with gravity-generated energy storage, using disused mining shafts to raise and lower weights for energy generation / full item
- Australia: Parliamentary inquiry rejects calls for ban on AI-generated images and videos in election campaigns despite near-certainty of the tech being used for disinformation / full item
- Australia: Paladin Space lands $100K SA State Gov’t grant to further develop space debris removal technologies, looking to new machine learning techniques for image analysis / full item
- Australia: Q-CTRL quantum infrastructure software firm secured an additional $59M, with focus on ‘middleware’ for hardware providers / full item
Lowy Institute Asia Power Index 2024 – Key findings
- KPMG Australia has opened the KPMG Nature Positive Challenge for applications, seeking eco-startups in Australia, Fiji and Papua New Guinea / full item
- Australia: Entertainment & Expertise for your end-of-year business event – a special offer from Tech Femme Fusion / full item
- Australia: Innovation Bay tech startup and investor network preps for launch of Horizon angel investor community in the Northern Territory, following gov’t selection / full item
- Australia: UK’s Quantum Motion opens lab in Cicada Innovations space in Sydney, looking to tap into Australia’s research talent pool / full item
Expertise & Entertainment: Christmas special from Tech Femme Fusion
- Australia: An overview of the nation’s moves into quantum technologies, focusing on PsiQuantum, the firm chosen to lead the way / full item
- Australia: An overview of quantum tech firm, Q-CTRL, following its recent $86.3M Series B extension / full item
- Australia: Capital X community-driven connections initiative launches, focused on boosting opportunities for women founders in Australia and New Zealand / full item
- Australia: “Seven of the most popular [auto] brands collect some level of driving data through a connected services feature and send that data back to the company.” / full item
- Australia: Antler VC closes 2nd Australia fund, raising $17M more than planned to hit $77M, and bringing forward Queensland program launch to February 2025 / full item
ASPI: The future of subsea cables and opportunities for Australia
- Australia Post vehicle fleet is to be used to audit mobile network coverage across 180,000km of roads across the remote interior, with results to inform improvements / full item
- Australia: University researchers develope battery component using food-based acids, potentially making lithium-ion units more efficient, affordable and sustainable / full item
- ICYMI: Australian gov’t launched the Cable Connectivity & Resilience Centre to help ensure undersea cable networks in the Indo-Pacific are resilient and secure / full item
Video: ‘The global race to build fully functional quantum computers’, Australia-focused overview – ABC News on YouTube
- Australia’s NSW Gov’t partners India’s Afthonia Labs incubator for accelerator to help NSW startups enter and thrive in Indian markets, selecting 8 fintech firms for cohort 1 / full item
- Australia: Founders Factory WA Nature Tech Accelerator program launches with 6 startups selected, working in agri-tech solutions, marine restoration and more / full item
- An intro to 8 Australian and New Zealand startups that raised over $66M between them in the week to October 4th, working in biotech, ad-tech, the future of work and more / full item
- “From January to August 2024, Australians reported $43.4m in losses from scams on social media to Scamwatch, with close to $30m relating to fake investment scams.” / full item
Cut Through Venture: Australia Venture Capital – Q2 2024 Report
- Australia: Telstra telco to create a ‘digital twin’ of international network assets, aiming for AI-powered modelling to automate systems and solve issues / full item
- Australia’s Metaphor Foods partners Israel’s Kinoko-Tech to commercialise mycelium protein products, including sausages, flapjacks, chips and snacks / full item
- Canberra: Kickstarter Challenge Grand Final 2024 is set for October 9th in Parliament House, featuring 5 female-led firms in a Shark Tank-style competition / full item
- Delegates from Vietnam’s Da Nang met with Australia’s NSW Investment and Stone & Chalk innovation community to discuss cooperation and knowledge-sharing / full item
- Philippines: StB Giga Factory Inc launches to produce advanced lithium iron phosphate batteries, with plans to export 70% / full item
- Project Mandala proof-of-concept: Automating compliance procedures on cross-border financial transactions, with central banks of Singapore, Malaysia, Australia and Korea participating / full item
3rd Quarter: Critical technologies in the news, globally
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