Innovative ideas receive a boost to market

  • Written by Senator Cash Media Release


Smart home technology that enables the elderly to live more independently and interactive software for brain injury rehabilitation are among 12 Australian innovations being offered more than $5 million in commercialisation funding announced today.

Grants worth $5.4 million, provided under the Accelerating Commercialisation element of the Australian Government’s Entrepreneurs’ Programme, will support the businesses behind these innovations to prove their viability and prepare them for the marketplace.

The latest funding offers will assist a:

  • Melbourne company to build an innovative service using smart home technology and artificial intelligence to improve aged care and support services for elderly individuals, especially those living at their own home alone
  • Brisbane company to design and test their personalised-fitting Bluetooth earbuds that provide better sound for use by the hearing impaired and the music industry
  • Melbourne university to commercialise their interactive software application for brain injury rehabilitation that allows therapists to design and prescribe therapeutic tasks for patients in the clinic and at home to accelerate recovery, benefitting the 300,000 Australians living with brain injury and millions more globally
  • Perth company to trial its web-based analytics platform to optimise water and nutrient consumption for agricultural, horticultural and water utility sectors.

Minister for Jobs and Innovation, Michaelia Cash, said the commercialisation support would help more businesses to get their new products off the ground.

“Whether it’s invested in prototyping and design, product trials or exploring export market opportunities, we are helping more Australian businesses become innovation success stories,” Minister Cash said.

“These grants are supporting projects across a wide range of industry sectors and many are already achieving success in global markets.

“This is the kind of return the Turnbull Government is seeking through its investments in innovation – it leads to a prosperous economy, supports job creation and rising living standards for everyone.”

Each of the grants offered by the Government is matched by industry funding.

For more information about how to apply for an Entrepreneurs’ Programme commercialisation grant go to business.gov.au/ep

More information on the grant recipients is available at business.gov.au/ac funding offers.

Business

5 Small Business Threats You Might Have to Face

Many of us dream about running our own business, and while this can be rewarding, it also comes with a certain set of risks you will simply have to take...

Why Hiring An Online Marketing Agency Is Essential To Your Business?

Nowadays, digital or online marketing has become popular in almost all kinds of businesses around the globe. It can promote your business product or services rapidly online, that’s why more...

6 Tips To Stay Safe At Work

The success of a project is not always measured by how flawless the final product is. Safety of everyone involved is a large factor in determining the accomplishment of a...

The Digital Sage - How Virtual Offices Are Revolutionising Modern Business

When businesses began to save money by transforming traditional office space into virtual office formats, the remote worker became the next best thing to sliced bread. Years later, seeing the...

Australia and Argentina; from competition to collaboration

Minister David Littleproud and his counterpart Argentina’s Minister for Agroindustry, Dr Luis Miguel Etchevehere signing the High Level Agricultural Dialogue communique Australia and Argentina overnight committed to stronger agricultural engagement and...

A Step-by-Step Guide to Launching a Startup

As much as being your own boss may seem challenging, it can also be an utterly rewarding endeavor. At the same time, it’s an emotional rollercoaster and a risky undertaking...

Popular articles from Modern Australian

Top Sightseeing Spots in New ZealandMust-Pack Items for a Travel Blogging BossHow to Travel safely to AustraliaAdd a little colour to your move - and life!National Action Plan For Endometriosis Is A Game-Changer For Australian WomenPre - summer pampering: Australian women are detoxifying themselves in the most  “kind-Ly” fashion! 6 Simple Rules for Redesigning Your KitchenLuxury Camping Adventures Around the WorldSydney rental market slows: REINSWDog Flea AllergyGroom To Do ListEye Health Dos and Don'ts5 Ways to Turn Your Bedroom into a True Zen RetreatThings to Consider when Deciding on your Wedding Flowers for the Big DayRenovating tips for your house