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Businesses innovate for the future

20 March 2018

Joint media release with the Minister for Small and Family Business, the Workplace and Deregulation, the Hon Craig Laundy MP

Projects with the potential to deliver safer patient care before and after surgery, and to reduce the fuel consumption and CO2 emissions of commercial aircraft are among 14 Australian innovations sharing in more than $7.4 million in commercialisation funding.

The grants are part of the Accelerating Commercialisation element of the Australian Government’s Entrepreneurs’ Programme, which supports businesses on the pathway to commercialisation.

The latest grants will assist companies in:

  • South Australia to commercialise smart solar lighting system for public places.
  • Queensland to commercialise software to help Australian farmers and graziers improve cropping production and livestock feeding.
  • New South Wales to develop an online artificial intelligence assistant for school teachers to help them in the classroom.
  • Canberra to develop prototype technology to forecast rain and storm days ahead of time to the benefit of the transport, insurance, energy and natural resources industries.

Each government grant is matched by industry funding, allowing each recipient to take full advantage of government and industry expertise.

Minister for Jobs and Innovation, Michaelia Cash said the Entrepreneurs Programme had a strong record of supporting innovation and delivering benefits to industry.

“Since 2014, almost 300 Accelerating Commercialisation grants have been awarded to businesses across the country, injecting almost $150 million into our economy,” Minister Cash said.

“The funding has enabled small and medium businesses all over Australia to commercialise their novel products, processes and services, and to grow and create jobs as a result.”

Minister for Small and Family Business, the Workplace and Deregulation Craig Laundy said the Entrepreneurs’ Programme works with businesses to ensure their future success.

“The Programme has a network of independent industry advisers and facilitators that provide expert advice and assistance to businesses on their specific requirements,” Minister Laundy said.

“This ensures businesses get the advice and support they need to improve their competitiveness and productivity.”

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

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

Media contacts:

Minister Cash's office 02 6277 7320

Minister Laundy's office 02 6277 7610