A world-first chemical filtration system that protects people from contaminated water is among ten projects to share in $3.7 million in Federal Government funding.
Minister for Industry, Science and Technology Karen Andrews says the Accelerating Commercialisation grants will fast track the development and commercialisation of innovative products with strong local and export market potential.
“The Morrison Government is committed to backing Australian businesses that boost our economy, contribute to our reputation as a global industrial leader, and create more jobs,” she says.
“Investing in businesses and technology is vital to ensuring Australia builds on its record of 27 years of uninterrupted economic growth.
“This funding will support these businesses through their product lifecycle, from product trials and development to market testing, with the aim of going global.”
The latest funding offers will assist five businesses from Queensland, two from NSW and one each from Victoria, Western Australia and the ACT with amounts between $80,000 and $612,750.
The Queensland businesses are Alares Systems, for a technology platform that captures and interprets court records for credit providers, helping to better manage credit risk; AMS International Technologies, for energy management products to help consumers, electricity retailers and distributors better manage their use of electricity; Chromoxyion for a process which increases the number of female animals born on pig and dairy farms, improving animal welfare in the livestock industry; Direct Injection Systems, for products that reduce stress and weight loss in livestock during transportation; and Forward, for a real-time messaging platform for healthcare professionals which enables health professionals to securely and directly collaborate.
The New South Wales businesses are Ubaryon, for a new metal separation technology that will result in significant safety, environmental and economic advantages; and Vantari, for a virtual reality cadaver technology to assist training delivery for doctors and improve patient outcomes.
Melbourne’s Spark Breweries and Distilleries will commercialise a new compact brewing machine which will improve profitability for pubs, hotels and craft brewers, Perth’s Environmental Water Solutions, a world-first chemical filtration system which protects people from contaminated water, and Canberra’s Flex-G, its specialised high performance coolant developed for the motorsport and electric vehicle market.
Since the Government launched the Accelerating Commercialisation grants in 2014, a total of 400 grants worth $196 million have been offered to Australian businesses, resulting in technological advances that have had widespread benefits on everyday lives.
The competitive grants, which are matched by industry funding from the businesses, are part of the Government’s Entrepreneurs’ Programme, which is part of the broader economic plan to create 1.25 million jobs over the next five years.