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$8.5m to boost innovative Australian companies

19 November 2015

Robotic farm machines and holographic entertainment systems are amongst the innovations to be offered a total of $8.5 million in commercialisation assistance under the Australian Government’s Entrepreneurs' Programme announced today.

Assistant Minister for Innovation Wyatt Roy said the latest funding offers would help ten more Australian businesses launch their cutting-edge products, services and processes into the global marketplace.

“Innovation is at the heart of the Government’s agenda, and these are great examples of some of the great ideas coming out of Australian companies.

“These innovations provide real-world solutions to problems in agriculture, tourism, health and environmental spheres, amongst others.

“This support will help the recipients commercialise their ideas so they can take advantage of market opportunities and ensure their intellectual property is protected.”

To date, the programme has provided 85 commercialisation grants worth more than $46 million to support Australian innovation.

Projects supported include:

  • autonomous, robotic machines for use in agriculture
  • an internet enabled device for assisting movement and control of livestock
  • the world’s first modular hearing aid
  • 3D holographic room technology for the leisure and tourism market
  • greener, cheaper hull cleaning technology for marine vessels
  • state-of-the-art bone scan analysis software for bone health diagnosis and monitoring.

More information on the recipients can be found at business.gov.au/ac-grant-recipients.

Details about the Entrepreneurs' Programme can be found at business.gov.au/entrepreneurs-programme or by phoning 13 28 46.

Media contact: Mr Roy’s Office: 02 6277 4646