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Australia’s renewable energy record is hardly laudable. Only 1.7% of all electricity produced in the country comes from renewable sources. In consumption, the record is a lot better at 5.2%, but that is because of generous exports of non-renewable energy. Consequently, the bid to tap venture capital is a critical step toward accomplishing the goal of 20% share for renewable energy by the year 2020.
On World Sight Day, judges of the University of Queensland (UQ) Business School’s $100,000 Enterprize competition finals voted resoundingly for an innovation that could control the world’s single largest cause of blindness – cataract, a clouding of the eye’s lens among older populations. Calpain Therapeutics, an Adelaide startup that has developed a drug that can slow the onset of cataract, won the nation’s richest business plan competition, ahead of four others shortlisted.