Bright ideas get $7.8m in Federal funding
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.