$1m impact fund to bring new transport sector tech innovations to market

June 13, 2023

iMOVE CRC launches $1m impact fund for Australian companies to bring new transport sector tech innovations to market

iMOVE Cooperative Research Centre (CRC) has announced a $1 million funding program for Australian companies to accelerate the development of ground-breaking technology, products and services in the transport sector.

iMOVE’s Impact Extension Program (IEP) aims to bring to market ideas, products, and services aligned to its existing range of research programs (see below).

The fund is open to any company with an ABN, with no requirement to partner with an academic institution. It’s an open call for Australian businesses big and small to pitch their ideas with the two best transport sector innovations to get $500,000 each.

Companies can also make more than one application, meaning they can put all of their best R&D ideas forward, rather than relying on one for success.

The $1m direct-to-company funding program aims to boost further the already substantial impact being generated by iMOVE under the Australian Government’s Cooperative Research Centres (CRC) program.

iMOVE CRC managing director Ian Christensen said iMOVE’s goal is to spur the development of innovative solutions that promise to significantly reshape the national transport and mobility landscape.

“Many ground-breaking ideas and research inside Australian companies are not fully realised due to lack of resources for development and implementation. The iMOVE Impact Extension Program aims to overcome these hurdles, turning ambitious ideas into reality and benefiting society through advancements in transport and mobility.”

To be eligible, projects must align with iMOVE’s research areas and show a credible pathway to implementation that will achieve substantial impact in the sector.

Applications close at 5pm on June 30, with application materials and terms and conditions available at https://imoveaustralia.com/news-articles/intelligent-transport-systems/iep-announcement/

A Q&A video is also available: https://www.youtube.com/watch?v=rISEz_cdc6c&ab_channel=iMOVEAustralia

IP developed with iMOVE CRC funding is retained by the companies.

About iMOVE CRC Research Areas

iMOVE CRC engages in a diverse range of research areas that are crucial to the evolution of the transport and mobility sector in Australia. These include the study and development of Intelligent Transport Systems (ITS), autonomous vehicles, and how to optimise supply chains and freight systems. Additional research includes optimising public and active transport, reducing urban congestion, and improving road safety. Through its extensive collaborative network of industry, government, and university researchers, iMOVE CRC is committed to driving significant advancements in Australia’s transport systems. See a full list of iMOVE CRC projects and research areas here: https://imoveaustralia.com/projects-listing/

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