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
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Tried and tested storage solutions
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Foodpro back after six-year hiatus
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