Bright ideas get $7.8m in Fed­eral fund­ing

Pilbara News - - Business -

Higher gold re­cov­ery in min­ing, soft­ware to im­prove pas­toral prof­itabil­ity and a world-first de­vice to help as­sess gut health are among 17 pro­jects to re­ceive a slice of a $7.8 mil­lion Fed­eral Government in­vest­ment into in­no­va­tion.

The lat­est fund­ing of­fers an­nounced un­der the Government’s En­trepreneurs Pro­gram will see com­pa­nies re­ceive grant of­fers be­tween $69,000 and $1 mil­lion to de­velop their prod­ucts and ser­vices.

As­sis­tant In­no­va­tion Min­is­ter Wy­att Roy said the com­pa­nies would co-in­vest in pro­jects to turn their ideas into com­mer­cial re­al­i­ties.

“I’m pleased to see such ground­break­ing ideas com­ing from Aus- tralian com­pa­nies, in­clud­ing yield max­imis­ing tech­nolo­gies for the min­er­als in­dus­try, pro­duc­tion tech­nolo­gies for ef­fec­tive and cheaper so­lar cells and 3D print­ing for aero­space man­u­fac­tur­ing,” he said.

The pro­gram has pro­vided 102 com­mer­cial­i­sa­tion grants worth more than $54 mil­lion to date.

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