11 Australian businesses will share in $5 million from the Accelerating Commercialisation element under the Entrepreneurs’ Programme to help launch their innovative products, processes and services into domestic and international markets.
What are the grants for?
Recipients will use the funding to conduct commercialisation activities to help bring their innovative idea to market. Commercialisation Advisers from the Programme will help navigate through the challenging stage of product development.
To date 253 Australian businesses have benefited from the commercialisation funding provided under the Entrepreneurs’ Programme.
The latest round of funding will assist:
- Commercialising a battery-less jump-starter for the automotive or marine sectors, that can charge off a failed or discharged battery using its residual energy.
- Developing a stretcher loading system that rapidly loads ambulance stretchers carrying critically ill and injured patients into aircraft without lifting by paramedics.
- Testing the commercial viability of a cloud-based online mediation tool to help dispute resolution professionals reach faster and cheaper resolutions for parties and redirect smaller matters away from courts and tribunals.
- Commercialising and scaling-up a pre-fabricated building system that enables large-scale buildings projects to be delivered faster, more cost effectively and at a higher quality than with conventional building materials and processes.
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