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Using biology and electronics to improve people’s lives

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Matching the internal electrical stimulation and electronics to be able to improve people’s lives

When you think of companies leading the world in their field, the Bionics Institute is one that instantly comes to mind.

From developing medical devices and therapies that will change the lives of people living with conditions such as Alzheimer’s, to helping to create the bionic ear, the organisation has been at the forefront of medical technologies for over 30 years.

The organisation has grown so quickly – and so successfully – that it has given rise to three spin-off companies in the past six years.

“It’s a long process, you need to have very good research,” CEO Robert Klupacs told Ticker News Insight, detailing the process of how an idea goes from concept to reality.

“Once you get to the research phase, then it needs to be moved up the chain, you need to think about how you manufacture it, how to develop it, how you test it, it takes a lot of money.

“And it takes a lot of time. So research, for one of our companies was nine years of research before we could get to the commercialisation stage.

“And then it took another year to put it all together and put a company together.

“And six years later, it’s still a couple of years away from Food and Drug Administration (FDA) approval.”

The organisation’s Chief Technological Officer and Head of Research Operations, Professor James Fallon, believes a culture of ‘failing safely’ needs to be adopted, as it is the correct approach for innovation.

“The real key is that we’ve got to be brave enough to fail,” Fallon detailed. “As with any innovation, there’s a risk of failing, I think we tend to be too conservative.

“We want to get devices into trial quickly – see if they work, and if and if they do, fantastic.

“And if they don’t, we turn around and we go again, bringing that experience back from industry in academia.”

The Bionics Institute recently completed a white paper, which revealed several key areas Australia could be doing better in order to achieve remarkable results on a world stage.

“We need to bring like-minded people together in clusters,” Klupacs continued. “Countries such as Israel, Germany, Sweden, Finland – they really support the young people from PhDs into their next phase of industry.

“In terms of the industry link with academia, people think Universities do research; Industry makes things. Actually, they should be much closer together, like in other parts of the world.

“And lastly, it’s how do we fund these things,” he said.

The Bionics Institute is holding an Innovation Lecture in Melbourne on Wednesday 17 May, 2023, bringing together med tech leaders to explore how Australia can accurately measure innovation, boost the med tech ecosystem and strengthen connections.

You can register via this link.

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Simple messaging solutions for small business owners

Fext offers simple messaging automation for small businesses to improve customer connections without complicated technology

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Fext offers simple messaging automation for small businesses to improve customer connections without complicated technology

In Short:
– Small business owners seek simple tech solutions for customer connections, avoiding complex systems.
– Fext offers automated messaging, allowing users to communicate efficiently without group chats.

Small business owners often seek straightforward solutions to connect with customers using minimal technology. Gonenc Mete from Fext discusses how these owners tend to avoid complex tech systems. His experience in Silicon Valley highlights the desire for simple, effective tools to manage everyday tasks.

Currently, many small business owners manage customer communications primarily through their phones. They often resort to sending repeated messages by copy-pasting, which can be time-consuming.

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The solution with Fext is a messaging automation feature. Users can compose a single message and send it to multiple recipients without the hassle of group chats..

The Fext app is available internationally, with strong user bases in Australia and New Zealand.
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Cyber security shifts redefine critical infrastructure in APAC

Cyber security evolution prompts redefinition of critical infrastructure in Asia Pacific amid rising digital threats

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Cyber security evolution prompts redefinition of critical infrastructure in Asia Pacific amid rising digital threats.

In Short:
– Cyber security incidents in Asia Pacific redefine critical infrastructure, expanding its scope beyond just industrial machinery.
– New strategies emphasise visibility to protect crucial sectors like banking, finance, and telecommunications from cyber threats.

The rise in cyber security incidents in Asia Pacific is reshaping the definition and protection of critical infrastructure. New digital and operational technology risks are prompting stakeholders to reconsider conventional beliefs that critical infrastructure is primarily industrial machinery behind high fences.

Michael Fisher from Garland Technology discusses this evolving landscape. Critical infrastructure now encompasses essential services such as banking, finance, and telecommunications, expanding beyond traditional definitions.

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The convergence of IT and operational technology (OT) networks increases cyber security risks. Many OT services were not designed with cyber security in mind, leaving them vulnerable to cyber attacks. Industries most at risk include telecommunications, banking, finance, and utilities, where any disruption can significantly impact society.

Increased Visibility

Fisher highlights that traditional cyber security alone is insufficient to secure these infrastructures. Effective protection requires a new approach focused on visibility. Garland Technology’s mission is to provide visibility to upstream cyber security platforms, eliminating blind spots.

Governments and businesses must recognise their roles in combatting cyber threats. Australia’s Security of Critical Infrastructure Act is a step towards increasing corporate responsibility in recognising critical infrastructure and ensuring compliance with security measures.


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Electric vehicles transform last mile delivery market

Electric vehicles revolutionise last mile delivery with significant growth expected in Australia as sustainability gains momentum

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Electric vehicles revolutionise last mile delivery with significant growth expected in Australia as sustainability gains momentum.

In Short:
– The shift to electric vehicles for last mile delivery is increasing, especially in Australia, driven by government initiatives.
– Challenges like costs and charging infrastructure hinder EV adoption, but advancements improve efficiency and sustainability perceptions.

The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth. Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market. He noted the global market is valued at around $30 billion and could grow three to four times over the next eight years.

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Challenges such as cost and charging infrastructure remain significant. Currently, over 100 EVs are on the road, but sufficient charging stations need to be developed, including home and public options. The unique requirements of commercial vehicles further complicate access to these facilities.Download the Ticker app

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