Businesses awarded $6.6 million to launch their journey into global markets
4 September 2017
Eleven Australian businesses will share in $6.6 million in Government grants to help launch their innovative products, processes and services into domestic and international markets.
I am delighted to announce the funding offered under the Accelerating Commercialisation element of the Government’s Entrepreneurs’ Programme.
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’s experienced Commercialisation Advisers will help the recipients to navigate this often challenging stage of product development.
The latest round of funding will assist:
- a Melbourne business to market its world-first, fully recyclable suite of packaging containers for transporting temperature-sensitive perishable products;
- a Perth company to commercialise its automated motor vehicle crash alert device, to help save lives around the world; and
- a regional Queensland business to commercialise its chilled baby food range for Australian retail and export markets.
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.
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 can be found at business.gov.au/ac funding offers
Media contact: Minister Sinodinos' office 02 6277 7070