A new treatment for kidney disease, a robotic defence training system, specialised mining vehicles and stronger artificial joints are among 22 new commercialisation projects being supported by the Federal Government.
Innovation and Industry Minister, Senator Kim Carr, said the 22 Australian researchers, individuals and businesses would share in funding of over $8 million to help transform their projects into commercial successes.
“There is a great range of new and exciting ideas in this country, but the pathway to the market can be difficult to navigate,” Senator Carr said.
“Through Commercialisation Australia, the Australian Government helps our best and brightest local entrepreneurs identify and maximise their commercial opportunities.
Senator Carr said the 22 new projects have the potential to deliver significant benefits to investors and consumers in a diverse range of industries, such as medicine, security, mining, and defence.
“The flow-on benefits strengthen our economy by increasing domestic and export earnings and creating jobs. This means a better future for our children and grandchildren,” said Senator Carr.
Commercialisation Australia assists participants at all stages of the commercialisation process by providing funding and hands-on assistance, tailored to the needs of each individual or business.
For more information on Commercialisation Australia visit: www.commercialisationaustralia.gov.au