Commercialisation Australia is investing over $13 million in new Australian inventions — including an influenza test kit for pandemics, a bioherbicide to counter an invasive weed and a livestock pest control system — to help turn them into the commercial success stories of the future.
Twenty-nine companies, entrepreneurs and inventors will share in government grants, being provided through the Government’s Commercialisation Australia program.
Announcing the government grants at the 2011 AusBiotech CEO Forum, Innovation Minister Senator Kim Carr said turning good ideas into successful products in the market place was essential if Australia was to get full value from its scientific and research capabilities.
“This Government support of Commercialisation Australia gives firms the opportunity to capitalise on their good ideas, create opportunities for business and generate jobs that benefit Australians,” Senator Carr said.
“Getting a product into the marketplace requires a complex mix of technical understanding, market insight and financial resources. Through Commercialisation Australia, the Government helps companies, entrepreneurs and inventors navigate these processes and take-up opportunities.
“Last week, the Gillard Labor Government renewed its commitment for Commercialisation Australia, allocating $278 million over five years to the program. Commercialisation Australia will receive $82 million annually thereafter. Since it opened for business, Commercialisation Australia has invested $45 million in 115 projects.
Senator Carr said Australia’s biotech industry was a big winner through Commercialisation Australia, with more than 30 successful biotech-related applicants receiving grants totalling more than $13.1 million – almost 30 per cent of funding allocated so far.
“I congratulate government grant recipients and look forward to more companies, researchers and inventors joining the program,” Senator Carr said.
|Accentu8 Novotecnica||$300,000||Accentu8 Novotecnica has developed a paradigm shift in the denture process. Standard dental arches, pre-assembled with artificial teeth, may be custom-fitted & precisely aligned using the patient’s natural physiology, with significant cost & time savings|
|Advanced Braking||$2,000,000||Advanced Braking has developed an innovative approach to vehicle braking in order to improve safety and reliability, reduce brake wear, extend service intervals and reduce maintenance costs.|
|Aerogenesis Australia||$234,780||Finalise the Aerogenesis small wind turbine ready for market entry. The key components are: (1) scale-up of the turbine’s computer control system to 5kWs; and (2) design refinements to simplify manufacture and assembly of turbine components.|
|AiMedics||$1,938,000||AiMedics will conduct regulatory approval clinical studies of a monitoring system that reduces the risk of nocturnal hypoglycaemia.|
|Aussie Colours||$235,000||Funding will be used to scale up production of novel native plants and test and establish the “Aussie Cottage Collection” concept in Australian and international ornamental value chains.|
|Australian Phytofuel Company||$249,851||Australian PhytoFuel is establishing large plantations of Kalpa® trees on marginal land in collaboration with beef producers, local authorities, mining companies and indigenous land holders|
|BioHerbicides Australia||$50,000||BioHerbicides Australia will engage consulting services to assist it in registering a bioherbicide product with the Australian Pesticide and Veterinary Medicines Authority for the control of Parkinsonia|
|Capture Plan||$250,000||CapturePlan has developed an indoor positioning system that tracks smart phones and customized tags for indoor locations in which GPS cannot operate.|
|Catchlog Trading||$324,599||With funding from Commercialisation Australia, CatchLog Trading will develop an add-on software module called “Company Analysis” for their existing software. The software is used by the international commercial fishing industry.|
|CSIRO – Cameron|
|$215,000||With assistance from Commercialisation Australia CSIRO aims to validate a slow release delivery technology of enzyme bioremediation products to be used in moving water bodies to break down pesticide contamination. At the moment this technology has only been used in still water. This improved approach will open up new markets in irrigated agriculture from early-mid 2012.|
|Global Tech Corporation||$235,561||Undertaking a PoC project to successfully commercialise Globaltech’s ePLOD will introduce ‘real-time’ knowledge of running costs and ore targeting information relating to environmentally friendly, cheaper and more successful drilling programs.|
|Grassads||$177,989||GrassAds is developing robotic technology for marking out small to large surface graphic areas in a range of markets including sports and advertising, agriculture, manufacturing and construction.|
|Indice||$250,000||Indice’s project will provide established lighting manufacturers a control chip and reference design that offers dimming with energy efficient mains voltage (120 & 240V) lamps such as LED (Light emitting Diode).|
|MetalloTek||$210,000||MetalloTek’s soil remediation technology, developed at the University of Queensland, has the potential to be a low cost and effective tool for helping to rehabilitate metal-contaminated mine sites.|
|Nitero||$1,431,467||Nitero is developing an ultra-low power 60GHz chipset, based upon more than five years of research and development for next generation Wi-Fi solutions by National ICT Australia (NICTA).|
|OzStar Therapeutics||$49,772||OzStar Therapeutics is developing a new combination therapy for the treatment of type 2 diabetes mellitus. CA funding will be used to develop IP and commercialisation strategies, conduct market review and analysis and develop a business plan.|