none

MILLIONS MADE AVAILABLE FOR INNOVATION

07-09-2017
by 
in 
startup culture in australia

Millions of dollars have been made available to Australian manufacturing businesses, to be used for the development of new and innovative products, or expanding existing ranges into the international market.

The money is being distributed through the Entrepreneurs' Programme, which is part of the Liberal government's sustained efforts to promote innovation in manufacturing.

"I am delighted to announce the funding offered under the Accelerating Commercialisation element of the Government’s Entrepreneurs’ Programme," said Arthur Sinodinos, Minister for Industry, Innovation, and Science.

"Recipients will use the funding to conduct commercialisation activities, proving the viability of their products, processes or services and preparing them for market. Businesses are required to dollar match the grant funding."

The programme is a multi-layered process that gives successful applicants access to not just money, but 'experienced advisors and facilitators' who can help the business achieve long-term goals and improvements.

In this round of offers, eleven companies have successfully applied and are being offered grants tailored to their individual circumstances. A total of $6.6 million has been put on the table, with more opportunities available.

Accelerating Commercialisation Director Larry Lopez said it was great to see the programme continue to support entrepreneurs, researchers and businesses to find the right commercialisation solutions for their novel product, process or service.

“To date under the programme, 253 successful commercialisation grants worth $128.6 million have been awarded to innovative businesses across the country. These grants are supporting projects across a wide range of industry sectors, and with Australian Government support many of the projects are already achieving success in global markets,” he said.

Products currently being accelerated by this program include a 3D bio-printing platform, profiling software for Hepatitis treatment, sustainable packaging solutions, and a cloud-based safety barrier system.

These projects will also receive access to new and existing incubators throughout Australia, allowing them to access an even wider range of expertise and equipment.

For an overview of the grants that have been given so far, or to apply for the programme yourself, visit www.business.gov.au, or call 13 28 46.

Related news & editorials

  1. 19.11.2018
    19.11.2018
    by      In
    Leading engineering technology and systems innovation consultancy Frazer-Nash has tripled the size of its Adelaide headquarters, with SA premier Steven Marshall officiating at the recent opening ceremony.
    The company’s Australian Director, Jonathan Armstrong said: “We’ve created 40 high value jobs... Read More
  2. 19.11.2018
    19.11.2018
    by      In
    Following the success of this year’s Electronex at Rosehill Gardens in Sydney, the show organiser has announced that the 2019 Expo will be held in the new extension of the Melbourne Convention & Exhibition Centre on the 11th and 12th September next year.
    The Sydney event was judged an... Read More
  3. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More
  4. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More