Government invests a further $7.8 million to help startups “access the global marketplace”
Wednesday, January 20, 2016/
A 3D-printer for the aerospace industry, a world-first device helping to diagnose the human gut and technology helping to maximise gold recovery are among the latest round of startups to receive government funding to help with commercialisation.
As part of the Entrepreneurs’ Programme, the federal government has offered a further $7.8 million in grants to 17 companies focusing on the mining, information technology, renewable energy and advanced manufacturing industry sectors.
The recipients include Amaero Engineering, Bluedot Innovations, Change Studio and NewSouth Innovations.
The grants, which range from $69,000 to $1 million, will help to take these Australian technologies global, assistant minister for innovation Wyatt Roy says.
“This support will help the recipients commercialise their ideas to take advantage of global market opportunities and protect their intellectual property, ensuring Australia sees the benefits,” Roy says.
“This programme remains a key measure of the National Innovation and Science Agenda to set Australia on the path to a more innovative and entrepreneurial economy.”
The previous round of startups to receive a grant as part of the Entrepreneurs’ Programme in November included “world-first” eye-tracking technology, an autonomous robot for us in agriculture and an internet-enabled device for controlling livestock.
The program has now provided 102 companies with more than $54 million in funding.