The Accelerating Commercialisation grants will help businesses turn great ideas into marketable products.
Offers for grants worth $5.4 million will support 12 businesses to help launch their innovative products, processes and services into domestic and international markets.
The funding has been provided from the Accelerating Commercialisation element of the Entrepreneurs’ Programme.
What projects are being funded?
The latest funding offers will assist:
Pure Battery Technologies in Brisbane, QLD to help build a pilot manufacturing plant for its cheaper and more environmentally friendly processing of nickel and cobalt into battery materials.
Yondo in Maroochydore QLD to help commercialise Live Experience, the company’s product to record and edit pitch-perfect online demos, online classes and online walkthroughs to present as live events with real-time interaction. This will be done by expanding Yondo’s local staff and rapidly go to market in Australia and North America.
Evorce in Springwood, QLD to help commercialise a platform which allows the speedy and collaborative resolution of post-divorce financial settlements.
Tom and Kath Longan in Kurrimine, QLD to help commercialise and market their sustainable packaging solution for transporting seafood – the TomKat KoolPak.
Hemideina in West Melbourne, VIC to help commercialise and gain equity investment for the Hera Wireless Implant, a low-powered, low-cost hearing solution.
Drawboard in Melbourne, VIC to help commercialise Bullclip in North American markets. Bullclip is a real-time drawing and document mark-up system for design and construction industries.
Immediation in Melbourne, VIC to help commercialise its online dispute resolution platform through pilot customer trials and the development of family law and workplace relations solutions.
Matrak in East Melbourne, VIC to help commercialise a platform that automatically converts plans and drawings into a shared, interactive portal for efficient material tracking in the construction industry.
Energetique Mining Vehicles in Armidale, NSW to support the establishment of a pilot production facility to manufacture its specialised heavy-duty lithium batteries for electric mining vehicles.
ShotTrack in Coffs Harbour, NSW to help develop commercial prototypes and conduct trials at mine sites of its Remote Access Vibration Analysis product which relates to controlled explosions for the mining industry.
Daitum in Adelaide, SA to help build a production release version of its analytics software application, which makes AI and machine learning accessible to everyday users in areas such as mining, asset management and health.
Ping Services in Adelaide, SA to help commercialise its aero-acoustic device which continuously monitors wind turbines for blade damage, significantly reducing detection times and reducing repair costs.
What are the grants for?
The grants help businesses turn good ideas into marketable products through activities such as trials, upscaling and connecting with new markets.
Experienced Commercialisation Advisers work with the businesses through the different stages of their commercialisation process to guide and provide advice.
So far 375 Australian businesses have benefitted from commercialisation funding through the Entrepreneurs’ Programme.
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