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Funding clears pathway to market for Australian businesses

30 November 2017

A business using drones to measure crop health and a company making website security solutions are among eight innovative Australian businesses being offered more than $3 million in Government funding to help get their ideas to market.

The funding, provided under the Accelerating Commercialisation element of the Entrepreneurs’ Programme, will support the businesses to conduct commercialisation activities, prove the viability of their products, processes or services and prepare them for the marketplace.

Assistant Minister for Industry, Innovation and Science Craig Laundy said the diversity of projects for the funding round mirrored the diversity of Australia’s innovation ecosystem.

“Businesses around the country are putting their hands up to work with the Australian Government on developing their ideas and getting their products to domestic and international markets,” Mr Laundy said.

“Each of the grants offered by the Australian Government is complemented with matched industry funding.”

The latest round of funding offers will assist to:

  • Improve the accuracy of aircraft maintenance.
  • Commercialise a wear liner fastening and monitoring system for ceramic wear plates.
  • Commercialise health monitoring and stress identification of crops using imagery from satellites and drones.
  • Strengthen a security solution for websites and internet applications.
  • Test and trial a unique platform to digitally capture handwriting on paper in real time for education platforms.
  • Commercialise a LED light control unit allowing industrial facilities to reduce their power consumption by 44 per cent on average.
  • Reduce the risk and cost of hiring site-based workers in the mining, oil and gas and construction sectors by commercialising a compliance system.
  • Commercialise a product providing real-time coring information and drilling data to prevent core jamming and milling.

“To keep up with global markets Australia needs to turn great ideas into commercial products,” Mr Laundy said.

“I look forward to hearing more success stories from these businesses.”

For more information on how to apply for an Entrepreneurs’ Programme commercialisation grant, go to business.gov.au/ep

More information on the grant recipients, go to business.gov.au/ac funding offers

Media contact: Minister Laundy's office 02 6277 4345