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Robotics and AI are being pushed as part of a new $2m funding scheme to drive innovation in energy resources.

National Energy Resources Australia (NERA) is stumping up the funding for projects in any of four focus areas impacting the energy resources sector: remote operations, robotics and AI; unconventional gas technologies; hydrogen; and decommissioning.

According to Miranda Taylor, chief executive of NERA, the funding will go towards industry-led projects that can strengthen energy resources innovation in Australia.

“We know collaborative partnerships between industry and innovators can produce truly transformational results, and NERA is committed to continuing to support our sector adopt and adapt to new technologies that generate competitive industry outcomes, efficiencies and deliver value and jobs across the nation.

“Through this new project funding announcement, we hope to work with local innovators to build their capacity and capability in fields of robotics and artificial intelligence, which are critical to improving the future productivity and safety of the energy resources sector, as well as developing transferable skills and technologies with benefits across the Australian economy,” she said.

The fund is seeking projects that demonstrate innovative approaches, clear commercialisation applications, and clear project time frames, said Taylor.

“By continuing our sector-wide initiatives, we can unlock more than $10 billion in new value and achieve our vision of Australia as a global energy powerhouse, a sought-after destination for investment, and the leading source of knowledge and solutions,” she said.

Food & Drink Business

The Victorian government has invested $5 million to support food rescue organisation, SecondBite, to triple its food relief capacity across the state, by expanding its Derrimut distribution centre.

Expressions of interest close on 19 July for FLIP NSW, a free statewide pre-accelerator designed to give women founders, including those building early-stage food and beverage ventures, the skills, networks and coaching to take ideas to market.

With the manufacturing sector continuing to grapple with uncontrollable industry pressures – rising input costs, supply chain volatility, tax pressures – manufacturers must arm themselves with the core financial structures needed to support them through this predictably unpredictable environment. RSM Australia's Ross Dixon writes.