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Industry Update Jun/Jul 2023 - Issue 132

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AUSTRALIA'S LARGEST CIRCULATING MANUFACTURING MAGAZINE

A-Safe’s new traffic gate

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See Cornick Security Insert with this edition!

Make things? There’s now dedicated startup investor funding by Margie Smithurst

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Issue 132 Jun/Jul 2023 $12.00 inc. GST

The Single Australian Supplier for Conveyor Technology From a basic conveyor component to a modern Integrated Smart Conveyor System

hen Melt Ventures’ manager Trent Bagnall was looking around for a new startup market to invest in, he says he was shocked to discover there were no funds devoted to the early stage advanced manufacturing space. “There are a few grant organisations around, but in terms of private venture funds there’s zero.” Previously, as founder of Slingshot Accelerator, Bagnall had primarily invested in ‘software as a service’ companies, but says the market was saturated and becoming overvalued. “There are currently 106 early stage funds in Australia - and 103 of them

are dedicated to software companies. So that just shows you the dearth of funding available for an advanced manufacturing company in Australia today.” Bagnall’s fund had already begun investing in early stage advanced manufacturing companies - or companies that “make things”, he says. About a year ago, Bagnall got serious about the idea and set up Melt Ventures, where investing in ‘hardware’ is the guiding principle. Bagnall believes Melt Ventures is the country’s first and so far only, venture capital company fully focused on startups in the advanced manufacturing space. continues on page 22

ustralia’s longest-running food manufacturing industry event returns in July with hundreds of exhibitors and is open for registrations. With a 50 year history, the show will run from 23-26 July 2023 at the Melbourne Convention and Exhibition Centre. continues on page 32

$29 a day*

Piggery lowers costs with Hydro Innovations pumps

Tried and tested storage solutions

*Conditions apply

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Foodpro back after six-year hiatus

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Australian Manufacturer

European Components

Innovative solutions to the materials handling industry sales@adeptconveyor.com.au adeptconveyor.com.au

Sydney (02) 9771 4655 Melbourne (03) 9357 8814

20 - 21 SEPTEMBER 2023 SYDNEY SHOWGROUND

SYDNEY SHOWGROUND

LEADER IN CABLE AND CONNECTIVITY SOLUTIONS

ACCESS OVER 25,000 LAPP CABLES, CABLE GLANDS &

CONNECTORS ONLINE. lappaustralia.com.au sales@lappaustralia.com.au

Connected, Automated and Digital Transformation

WED 20 - THU 21 SEPTEMBER 2023

FEATURE EVENT

1800 931 559 Make the right connection with LAPP Australia. MODERNMANUFACTURINGEXPO.COM

whsshow.com.au whsshow.com.au


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