This grant support from the Entrepreneurs’ Programme aims to provide support in accelerating the development lifecycle of products and services to get to be market-ready.
Two of the eight awe-inspiring novel ideas that were part of the program is a soil mapping solution, Data Farming, and the world’s first smart, natural sounding artificial voicebox, Laronix.
Data Farming revolutionised mainstream farming and agronomy with their Rapid-EM system. Rapid-EM used to map soil variation across multiple agricultural industries. Hailed from Toowoomba, QLD, they received more that $320k to commercialise and scale their product all across Australia and deploy a couple in South America.
Laronix, on the other hand, received more than $550k in funding to showcase their technology with key opinion leaders in Australia and the US, gain national and global product adoptions and position their company for future capital raising. Their specialised, voice cloning technology synthesises ultra-realistic natural voices using artificial intelligence computer algorithms. You can read more success stories under this program at the AusIndustry webpage.
About Accelerating Commercialisation
Under the Entrepreneurs’ Programme, Accelerating Commercialisation provides expert guidance and connections to help businesses and researchers to commercialise their novel product, process or service. After receiving commercialisation advice, businesses can access matched grants of up to $1 million to assist in the commercialisation process. This service has been supporting businesses since 2014. In that time, more than $270 million has been awarded through 551 grants. The highly competitive grant process puts each project through an independent, merit based assessment for the chance to be awarded up to $1 million in matched funding, meaning the business must contribute an equal amount to the project.
Expert Assistance
The competitiveness and strict compliance rules of the Accelerating Commercialisation grant makes it imperative for businesses to make sure they have all the necessary documentation and are clear about the next steps of their application journey.
Treadstone experts can help you understand government grants and maximise the benefits for your business. We have been helping clients since 2008 and our clients can testify to our proven success record. Working with us means you get the maximum grant with minimum risk and effort. Our expertise include R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants. Get in touch with us and let’s discuss this more in detail.
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