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$7.8 million funding for Aussie ideas

$7.8 million funding for Aussie ideas

 

Funding of $7.8 million to take bright Aussie ideas to the world

The Assistant Minister for Innovation, Wyatt Roy announced that a further 17 Australian companies will receive commercialisation grants under the Entrepreneurs’ Programme.

The Entrepreneurs’ Programme is the Australian Government’s flagship initiative for business competitiveness and productivity at the firm level.

The $7.8 million has been offered to assist the 17 Australian companies launch their innovative products, processes or services into the global marketplace and help advance Australian industries.

Some of the products, processes or services include:
• a device to optimise carbon use and maximise gold recovery for the gold mining industry
• a software and training platform for the agribusiness sector to help improve farm profitability, business management and sustainability
• a real-time, cloud-based data management system for intelligent buildings and smart cities
• laser-based 3D printing for lighter, more easily produced metal components for aerospace and defence applications
• advanced manufacturing for reliable, cheaper and highly efficient silicon solar cells
• a world-first clinical diagnostics device to help assess the health of the human gut.

The Entrepreneurs’ Programme commercialisation grants help Australian entrepreneurs, inventors and businesses address the challenges associated with commercialising novel intellectual property.

It aims to:
• accelerate the commercialisation of novel intellectual property in the form of new products, processes and services;
• support new businesses based on novel intellectual property with high growth potential; and
• generate greater commercial and economic returns from both public and private sector research and facilitate investment to drive business growth and competitiveness.

Further information on Entrepreneurs’ Programme and the grant recipients is available on business.gov.au or call 13 28 46.

This information was first shared in a media release by the Australian Government Department of Industry, Innovation and Science on 19 January 2016.