Technology, Innovation & Science

Business News looks at five of the most exciting WA medtech innovations and how they’re tracking.

Six of the nine startups selected for the inaugural National Energy Transition Accelerator program are from WA.

Online gaming company VGW has continued to deliver for shareholders, led by founder Laurence Escalante, with its latest dividend bringing the financial year total to $360 million.

Avita Medical shares have had a moderate rise after a US regulator approved the next reiteration of a regenerative cell system for burns developed by Perth surgeon Fiona Wood.

Perth-based Hazer Group has signed a memorandum with South Korea’s Posco over using hydrogen production technology in low carbon steel manufacturing.

The Department of Home Affairs has confirmed it is aware of a cyber incident impacting Ticketmaster, after reports surfaced of 560 million customers’ details being compromised.

Offers overseas appear more enticing when there’s a lack of willingness to take calculated risks at home.

A new app is delivering for migrants wanting to send money to non-Western countries.

Security firm Intelligent Monitoring Group has announced plans to expand its footprint with a $15.9 million acquisition of two separate companies.

Wave energy technology developer WaveX was one of three local startups to take home a prize last night after pitching technologies to the Centre for Entrepreneurial Research and Innovation (CERI).

Perth biotech company PYC Therapeutics has hit a major milestone in the development of a first-in-class drug to treat a rare eye disease, recently receiving orphan drug designation from the US FDA.

Perth-founded fintech platform WeMoney has secured $3 million in angel funding and is actively seeking a further $10 million to capitalise on growth opportunities.

The Telethon Kids institute was the big winner from the state government’s latest round of medical research funding, securing nearly half of the $25 million on offer.

Perth-based health technology company Nuheara has started cost-cutting measures including salary packages for its chief executive and other directors.

A new Deloitte report has highlighted Australia’s “she’ll be right” attitude towards generative AI risks the nation falling behind our neighbours in the Asia-Pacific region.

The WA government has been encouraged to foster innovation amid warnings failure to do so could have long-term economic effects.

Innovation hub Spacecubed has signed an MoU with one of India’s largest Medtech precincts, aimed at exploring collaborative opportunities for high-growth Medtech startups.

University is deploying $200 million to boost tech development in the resources sector, notably critical minerals.

A world-first drone trial delivering medical services to remote Kimberley patients could be airborne in the region within the next year.

Cable landing stations are essential to communications infrastructure worldwide, powering undersea fibre optic cables and facilitating data transfer across oceans.

NEXTDC will expand its Malaga data centre with a five-storey building, after a development assessment panel greenlit the data storage company’s $56 million plan.

The dollar figure for the deal has not been revealed, however in a statement EMR said it had acquired a “significant stake” in the Perth-based start-up as part of the “multi-million dollar” deal.

After two major public relations disasters, Optus has appointed a new chief executive following the departure of Kelly Bayer Rosmarin last year.

Perth businesses looking to harness automation now have access to a facility to test and demonstrate their technology in a real-world remote operations environment in Neerabup.

The move marks Zettagrid’s first foray into the NT, and its ninth acquisition in just over a decade.

High performance computing firm DUG Technology plans to open a new business unit in the Middle East, which will mark the company's fourth global geographical business hub.

A new game that gives players the chance to experience how the world looks to those with ADHD has just hit the market.

AI is amazing at matching patterns, but its tendency to ‘hallucinate’ means there are limits to its capacity to ‘think’.

A small Perth firm will become one of the first Western Australian companies to build and launch a satellite into space after locking in federal funding.

Adtech innovator Adveritas has announced plans to issue 75 million ordinary fully paid securities to raise $4.5 million.

Fremantle-based SeaStock has announced a breakthrough in Asparagopsis extraction, signalling a move into the pharmaceuticals market.

A software product to help busy people deal with day-to-day business outside their career has been awarded a $15,000 grant at Curtin Accelerate’s pitch event last night.