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 Australian Government.
Innovation, Industry, Science and Research Minister, Senator Kim Carr, today announced that 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.
“The 22 projects I am announcing today 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.”
Details of the 22 projects are attached.
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 and the support it provides, visit www.commercialisationaustralia.gov.au.
To find out how Treadstone can help you with your Government Grant application call us no on 03 9016 3575.