Eleven businesses get $5 million jump start into global market
20 October 2017
A fail-safe jump-starter for flat car, boat or truck batteries, a system for rapidly and safely loading stretchered patients into aircraft, and online dispute resolution software that will help to free up the court system are among 11 Australian innovations that will be offered a $5 million boost to help them enter global markets.
Assistant Minister for Industry, Innovation and Science Craig Laundy today announced the latest businesses to be offered commercialisation support under the Accelerating Commercialisation element of the Australian Government’s Entrepreneurs’ Programme.
“These grants will help the recipients to conduct commercialisation activities, proving the viability of their products, processes or services and preparing them for domestic and international markets,” Mr Laundy said.
“These businesses will also back themselves by matching the grant funding dollar-for-dollar, and the programme’s experienced Commercialisation Advisers will help them navigate this often challenging stage of product development.”
The latest round of funding will assist:
a Melbourne company to commercialise its battery-less jump-starter for the automotive or marine sectors, that can charge off a failed or discharged battery using its residual energy.
a Sunshine Coast company to develop its stretcher loading system that rapidly loads ambulance stretchers carrying critically ill and injured patients into aircraft without lifting by paramedics.
a Sydney business to test the commercial viability of its cloud-based online mediation tool to help dispute resolution professionals reach faster and cheaper resolutions for parties and redirect smaller matters away from courts and tribunals.
a Perth business to commercialise and scale-up its pre-fabricated building system that enables large-scale building projects to be delivered faster, more cost effectively and at a higher quality than with conventional building materials and processes.
Mr Laundy said the programme continued to support entrepreneurs, researchers and businesses to find the right commercialisation solutions for their novel product, process or service.
“To date, the Entrepreneurs’ Programme has provided 264 businesses with commercialisation grants totalling $133.6 million,” Mr Laundy said.
“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.”
For more information on how to apply for an Entrepreneurs’ Programme commercialisation grant, go to www.business.gov.au/assistance/entrepreneurs-programme-summary
More information on the grant recipients can be found at business.gov.au/ac
Media contact: Minister Laundy's office 02 6277 4345