Technology, Innovation & Science

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.

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

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

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.

A South Australian mining tech firm revolutionising the centuries-old method of assaying gold is working to bed down its foothold in the global gold industry.

Perth cyber security startup Sapien Cyber will be wound up after no bids were received to restructure or recapitalise the business, now in the hands of liquidators.

More than half of the IT issues identified in the previous financial year’s audit remain unresolved, the Office of the Auditor General reported.

It may be some time before head-mounted devices are in common use, but opportunities are emerging in industrial and resources settings.

Premier Roger Cook hopes a $7.2 million spend to attract a UK startup accelerator to Perth will help the state diversify its economy by fostering expertise in biodiversity technology.

BlinkLab shares have surged more than 30 per cent on its debut listing on the Australian Securities Exchange.

CSIRO has committed $20 million to its small business programs, including Kick-Start, which helped Perth startup Uluu launch its first product this year with Quiksilver.

As AI rises, the sourcing, securing and use of data remains problematic for many smaller businesses.

An artificial intelligence and energy transition focused lab for interns to develop their skills has officially opened at the Edith Cowan University Joondalup Campus.

Spatial data services provider Veris will be involved in the Victorian state government's Digital Twin Victoria program, after successfully leading a 10-member consortium.