The National Reconstruction Fund (NRF) has invested $20 million in neuroscience startup Omniscient Neurotechnology as part of an ongoing $36 million Series D. NRF is co-leading the round with OIF Ventures, taking a preferred equity stake. Omniscient, founded in 2019, uses artificial intelligence (AI) to decode the complexity of the human brain by mapping an… Read more »
The federal government’s $15 billion National Reconstruction Fund (NRF) has invested $54 million in Australian founder Brain-Computer-Interface (BCI) medical devices company Synchron as part of a US$200 million (A$305m) Series D. Synchron was spun out of University of Melbourne by cofounders Dr Tom Oxley, Prof Nicholas Opie, and Dr Rahul Sharma in 2012. The company is… Read more »
A Brisbane startup developing hydrogen-powered aircraft engines and hypersonic Unmanned Aerial Vehicles has raised $46 million in a Series A as NASA prepares to test its 3D-printed ideas. The round for Hypersonix Launch Systems was led by UK national security investor High Tor Capital, with support from European defence company Saab and Polish family office RKKVC,… Read more »
The new $5 billion Net Zero Fund, announced last week as part of the Federal government’s plan to meet a 61% -70% emissions reduction target, could be the most important lever Australia has to accelerate our transition to net zero. But unless it is designed to take risks and back first-of-a-kind climate innovations, we risk… Read more »
The NRFC has tipped $150m into Brandon Capital’s sixth fund, taking it to $439m and pushing the government investor past its $550m FY25 target. The cash targets late and early-stage medtech, aiming to keep commercialisation onshore.
The federal Labor government’s flagship National Reconstruction Fund Corporation (NRFC) is back investing post-election, hitting the send button on another $27 million to lead a $40 million Series C for PolyActiva. The 15-year-old Melbourne biotechnology scaleup is developing potentially revolutionary eye implant technology to treat glaucoma and improve treatment outcomes for patients with ocular (eye)… Read more »
A Sydney startup pioneering the use of artificial intelligence to analyse medical scans to rapidly identify potential diseases such as cancer, even before clinicians spot them, has taken on $32 million from the federal government’s signature National Reconstruction Fund Corporation (NRFC) as part of a planned $100 million+ Series C. Harrison.ai has trained generative AI… Read more »
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