Tag Archives: Entrepreneurs’ Programme

commercialisation

Commercialisation boost for businesses

The Turnbull Government has announced that twenty businesses across Australia will be offered $11.3 million in Entrepreneurs’ Programme grants to help boost commercialisation and break into new international markets.

A 3-D printed jaw joint replacement, termite-proof building materials and a safer way to store grain outdoors are amongst the diverse products and services that will be fast-tracked.

The grants range from $213,000 to $1 million and are matched dollar-for-dollar by recipients.

So far, the Government has invested $78.1 million since commencement of this initiative – helping 146 Australian businesses to get their products off the ground.

The grants help businesses to undertake development and commercialisation activities like product trials, licensing, and manufacturing scale-up—essential and often challenging steps in taking new products to market.

Projects supported by today’s grant offers will address problems and meet needs in key industries including food and agribusiness, mining, advanced manufacturing and medical technologies.

The 20 projects to receive commercialisation support include:

  • a safer, cheaper and more efficient outdoor grain storage solution for the agricultural industry
  • recycling technology for fats, oils and greases from restaurants that will save money and reduce pollution
  • a lighter, stronger and more flexible concrete product
  • an anti-theft automated security system for the retail fuel industry
  • a cheaper, faster and safer decontamination process for mine drainage
  • smaller, cheaper and more patient-friendly MRI technology used for medical diagnostics
  • a 3-D printed medical device for jaw joint replacements that reduces surgery risk and improves patient quality-of-life
  • insect and termite-proof expansion joint foam for the building industry, combining a two-step process into a single product.

The Entrepreneurs’ Programme commercialisation grants help Australian entrepreneurs, researchers and small and medium businesses find commercialisation solutions.

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.

This information was first shared by the Minister for Industry, Innovation and Science on 17 August 2016.

$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.