A small Perth firm will become one of the first Western Australian companies to build and launch a satellite into space after locking in federal funding.

The founders of a North West brewery will open their fourth venue, lifting the company into the upper echelon’s of Western Australia’s watering hole operators.

Adtech innovator Adveritas has announced plans to issue 75 million ordinary fully paid securities to raise $4.5 million.

Some $18.4m will be used to deliver 50 standalone power units, with $8m in grants for wind turbine manufacturing up for grabs.

The treasurer says Australia's foreign investment settings won't discriminate against certain countries, even as his reforms respond to geopolitical threats, the energy transition and shifts in the global economy.