Modern Australian

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

How Conversion Rate Optimization Can Improve Your Bottom Line

Before we examine the impact of conversion rate optimization on your bottom line, let us briefly understand conversion rate optimization and how it works. The process of improving the percentage of...

How SiDCOR’s SUPER7 framework will solve your accounting woes

SiDCOR is a well-respected firm of chartered accountants that operate across a wide range of regions, including Mossman, Port Douglas, Newcastle and many others. One of the key differentiators of...

Why it is important to work with a SEO company that guarantees traffic and conversions

Savvy people out there will understand that without search engine optimisation techniques, they will be left dead in the water. People will want to show up in that top spot...

Common Misconceptions About The Practice of SEO

SEO as a practice carries a great amount of ambiguity about its role and its value for brands. Once seen as a fringe scientific method to gaining digital traction, now...

Learning the Fundamentals of Running a B2B Business

As the world has progressed in the past few decades, there have been a myriad of changes to numerous aspects of our civilization. It is no coincidence that the rise...

Why Signage Matters in Business Branding?

If you want to boost your business sales, it is necessary to plan and come up with great business signs. A business signage that is creative, engaging, and that stands...

Popular articles from Modern Australian

Deliveroo announces reusable packaging partnership with Returnr in world-first schemeDIY Home Remodelling Ideas That Adds ValueA place where design and functionality come togetherChoosing the Most Efficient and Effective HeatersGo on vacation without letting yourself goStaying Vibrant in Your Golden Years - 6 Tips to Stay HealthyHow to know when it is time to search for family law specialists in Sydney An All-in-one Guide to Buying Women’s Glasses5 advantages of getting an internship through PGP Australia5 Factors That Make All the Difference in Your Bathroom RemodelRelax on the beachIs A Multi-Room Audio System Right For My Home?Male power and food7 Tips for Preparing To Drive Across The Nullarbor