Millions in funding helps Australian businesses tap into markets

30 MARCH 2017

I’m delighted to announce $7.4 million is being offered to15 Australian businesses to help get their new products and services into the marketplace.

These include technologies to better diagnose sporting concussions and neurological diseases, automated production processes for plant nurseries, and a prefabricated, portable solar array to make building solar systems cheaper and faster.

The funding, provided under the Entrepreneurs’ Programme, will help these innovative businesses undertake commercialisation activities.

More than 200 Australian businesses have benefited to date from over $105 million in Entrepreneurs’ Programme funding, along with support from experienced advisers, to help them navigate the often challenging process of getting their products to market.

The Entrepreneurs’ Programme, through the Accelerating Commercialisation element, supports entrepreneurs, researchers and businesses to find the right commercialisation solutions for their novel product, process or service.

The commercialisation grants are matched dollar-for-dollar by the business and help address challenges across key industries, including medical technologies and pharmaceuticals, advanced manufacturing, food and agribusiness, and mining equipment, technology and services.

Accelerating Commercialisation Director Larry Lopez said, “We are very excited to support these great projects from a wide range of industry sectors in their journey towards achieving success in the global marketplace”.

The 15 projects offered support include:

  • innovative visual field analysis for effective diagnosis and management of neurological diseases including assisting diagnosis of concussion on the sports field
  • automation of plant tissue culture production in the nursery benefiting industry with improved productivity, reduced planting costs, decreased growing times and higher plant quality
  • ground penetrating radar technology and software for faster, clearer, and deeper location, mapping and imaging of underground utility pipes and cables
  • pre-fabricated and portable solar arrays to for cheaper and faster building of commercial solar systems.

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