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Australian Labor s budget cuts real spending on schools, maintains lucrative subsidies for private system

While continuing to starve public schools of desperately-needed funding, the Albanese government is maintaining the lucrative flow of public monies into the private schools.

David gonskiJim chalmersAnthony albaneseLabor partyWorkload reduction fundAustralian education unionNational teacher workforce action planCommittee for public educationSchools upgrade fundNational assessment programAustralian laborTreasurer jim chalmersMinister anthony albaneseStage threeNew south walesUpgrade fund

Chinese unmanned aerial vehicle maker United Aircraft bags $292m

The round was led by Chengdu Heavy Industry Longjin.

Hong kongChengdu heavy industry qingyue fundChina national manufacturing transformationFund of funds foAnhui quantum science industry development fundUnited aircraft groupChengdu heavy industry longjinNational manufacturing transformationUpgrade fundAnhui quantum science industry developmentStone capital

Chinese satellite system developer MinoSpace secures nearly $60m in Series B, B+ rounds

The startup has successfully launched seven satellites since its inception in 2017.

Donghao lanshengMinospace technologyPipo groupYuexiu industrial investment fund managementGuokai national manufacturing transformationNational manufacturing transformationUpgrade fundHaitong securitie innovation investmentSeries pre bPower capitalGopher asset managementLightspeed china partners

Sequoia China-backed IC materials maker Deer grabs $290 5m in pre-IPO round

The IC materials maker completed its Series A round at 1.18 billion yuan ($168.4 million) in 2021.

Meiya wutongQinchuang boleAnhui transportation zhaoshang industry investment fundNational manufacturingAnhui transportation holding groupFujian deer technology corpGuangzhou zhidian network technologySamsung electronicsIntel corpTransportation zhaoshang industry investment fundSequoia capital chinaUpgrade fundFujian city

Startup Funding: August 2022

Startup Funding: August 2022
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