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Innovation

This Month

Australia has plenty of small early stage deep tech start-ups, but is short on more established “scale-up” firms.

The ‘missing middle’ stopping Australia from being a deep tech force

To see bold ambitions in areas like quantum computing, robotics and AI come to fruition, Australia must match rival countries and grow the “M” of its SMEs.

  • Sally-Ann Williams
Science and Industry Minister Ed Husic.

Quantum organisations to compete for $18.5m in funding

Industry and Science Minister Ed Husic is opening applications for the grants to Australian firms to create a national centre for quantum growth.

  • Paul Smith

November

Mike Cannon-Brookes, investor and climate advocate, first made it onto the Fast 100 list in 2005.

Seven enduring lessons from 33 years of top start-ups

Over more than three decades, the Fast 100 has had its share of one-year wonders and flame-outs. But the success stories are staggering.

  • James Thomson

Three pieces of advice for growth companies

Against a tough economic backdrop, high-growth companies may get limited help from external sources of capital.

  • Mark Summerhayes

This moonshot tech firm is Australia’s fastest growing company

Fleet Space Technologies, with a compound annual growth rate of 582 per cent over three years, is top of the Fast 100 class for 2023.

  • Michael Bailey
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Finance upstarts step in where banks fear to tread

Making it easier to send money back to family overseas was the key driver for the founders of EzyRemit.

  • Alexandra Cain

The category killers that defy any slowdown

Technology innovations can catch on no matter the economic weather, as this year’s lists show.

  • Michael Bailey
Alexis Soulopoulos and Justus Hammer co-founders of Mad Paws, are confident they are in a fast-growing and recession-proof sector.

Tech wreck pessimism no match for AI and Australia’s pet obsession

Mad Paws is struggling to win over ASX investors despite robust growth, while Aussie firms making autonomous vehicles and AI road cameras are thriving.

  • Paul Smith

Lab-grown food may be the next great investment boom

It is no longer science fiction to envisage a day when half the world’s meat and dairy industry is displaced by food grown in vats.

  • Ambrose Evans-Pritchard
Industry Minister Ed Husic.

‘Lifestyle businesses’ holding back the economy

The Albanese government’s innovation adviser has recommended better targeting small business grants to avoid risk-averse businesses that have no real ambition to grow.

  • Ronald Mizen
Chinese President Xi Jinping’s alma mater, Tsinghua University, is plugging the project as an industry first.

China claims world’s fastest web with 1.2 terabits-a-second network

Huawei and China Mobile have built a 3000 kilometre internet system that they say is several times faster than typical speeds around the world.

  • Bloomberg News
Ed Husic and UK government minister Michelle Donelan, have signed a joint agreement to work together on quantum technologies.

Australia and UK sign quantum computing accord

While in the UK for a global AI summit, science minister Ed Husic has signed a new agreement to co-operate with the UK on quantum computing technology.

  • Paul Smith

October

Samsara Eco chief executive Paul Riley, left, with chief science officer Colin Jackson at Australian National University.

Why your Lululemon yoga pants could be a good investment

An Australian start-up has found a way to turn plastics otherwise destined for landfill into yoga pants and T-shirts. And fashion brands are seeing an opportunity.

  • Julie Hare
Brad Jones, Assistant Governor (Financial Systems) at the Reserve Bank of Australia sees tokenisation as a way to save costs.

Why banks are looking at real-world asset tokenisation

Banks spend billions each year on systems to track and finalise millions of trades. Could crypto help to streamline processes?

  • James Eyers and Jessica Sier
Rene Michau, head of digital assets, Standard Chartered Bank flew to Sydney for the AFR Crypto Summit.

Tokenisation of real-world assets is the killer app for crypto

What if crypto was not only a speculative asset class but a new technology stack for financial markets?

  • James Eyers and Jessica Sier
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Doug Hilton

Big ideas trump commercialisation for new CSIRO boss

Doug Hilton has laid out plans for it to help answer the big questions facing society, while also making some money along the way.

  • Updated
  • Tess Bennett
Some of the largest global financial institutions are seeking to unlock efficiencies from blockchain.

How crypto is forcing banks, funds towards new digital asset markets

The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?

  • James Eyers
Sam Elsom in the Sea Forest lab.

Why this Australian seaweed farmer is setting his sights on Europe

The intense pressure on British and European farmers to cut methane emissions has opened up a major market opportunity for Tasmanian start-up Sea Forest.

  • Hans van Leeuwen

September

Sypac’s chief engineer Ross Osborne, and its CEO Amanda Holt, join managing director David Vicino and founder and chairman George Vicino with one of the drones that have been deployed in the Ukraine conflict.

Cardboard drone maker used in Ukraine is Australia’s top innovator

Sypaq has won the 2023 AFR Boss Most Innovative Companies Award, for its flat packed cardboard drones, which have been serving on the front line in Ukraine.

  • Paul Smith

Old hands can be disruptors too

Some of the finalists in the 2023 AFR BOSS Most Innovative Companies awards are not start-ups, but companies that have been around for a few decades or more.

  • Sally Patten