Australian inventors are helping improve hospital bedside care, generate zero emissions electricity and keep senior Australians connected with their families and the community, by partnering with the Gillard Labor Government to get their innovative products into the marketplace.
Announcing almost $8 million in funding for 19 innovative Australian companies under the Government’s Commercialisation Australia program, Innovation Minister Senator Kim Carr said the Government was working with innovators to turn research into reality and create a richer, greener and fairer country.
“This funding will help smart companies commercialise their products, delivering a wealth of benefits for Australians,” Senator Carr said.
“For example, Signostics Limited will use the funding to commercialise its new hand-held ultrasound device with the hope of getting it into medical centres around the country. This device could alleviate the need for patients to travel long distances to hospitals for this type of procedure.
“The funding will also help Metis Technologies commercialise its pollution control system for power generation and other industrial processes. This new technology will help industries transform to meet the needs of a clean energy future.”
Since it opened to applications in early 2010, Commercialisation Australia has awarded almost $58 million to 145 Australian companies, researchers and inventors. Funding offers range from $50,000 to $2 million.
Program participants can access a national network of 22 Case Managers, many of whom have built their own businesses and operated at senior levels in start-up and early stage companies across all industry sectors.
“The rich source of market intelligence, networks and business experience grant recipients can access under Commercialisation Australia gives them a better chance of commercial success.”
|Endoluminal Sciences||Proof of Concept Grant|
|Breakthrough sealing technology for minimally invasive aortic valve replacement|
The project involves demonstration of superior efficacy and positive user feedback (ease of use and procedural compatibility) of the Endoluminal Sciences’ sealing technology on commercially available minimally invasive aortic valves. This will be achieved by performing end-user studies on prototypes in the hands of experienced physicians (interventional cardiologists).
|Applied Physiology||Early Stage Commercialisation Grant|
|Commercial integration of Navigator clinical decision support system software into global patient monitoring platform|
The commercial integration of Navigator clinical decision support system software into global patient monitoring platforms. The projects key steps are: specification, design and adaptation of Navigator technology; completion of successful pilot site programs leading to global distribution agreement with Philips and other major platform providers; achieve regulatory approvals and clinical equivalency approvals; and development and delivery of educational, marketing and training materials.
|Ecobuild Solutions||Early Stage Commercialisation Grant|
|Commercialisation of EasyFix wall cladding installation system and associated products|
Ecobuild Solutions’ owns a patented installation system (“EasyFix”) which, together with its associated wall cladding products, provides great benefits to both new and existing homes/buildings. In order to prove the commercial viability of their innovation, Ecobuild Solutions now need to consolidate their patents, build “full building” prototypes locally, train new installers and prospective distributors, develop a robust sales and marketing infrastructure, follow-up overseas leads and secure a supply chain
|CIMTECH||Experienced Executives Grant|
|Commercialisation of a novel skincare product line|
CIMTECH are aiming to commercialise a novel skincare product line based on the traditional medicine of the Cook Islands. Product development including formulation and marketing plans are required to successfully launch the product. CIMTECH requires an executive with experience in skincare and cosmetics to drive this product to market.
|Metis Technologies||Skills and Knowledge + Experienced Executives Grants|
|High temperature fibre technology for custom engineered pollution control filtration|
Metis Technologies is commercialising advanced fibre technology for pollution control filtration for cleaner power generation and other industrial processes such as aluminium production and cement.
|KNOG||Early Stage Commercialisation Grant|
|Urban cycle accessories for a global market|
KNOG is an Australian company designing and manufacturing unique bicycle accessories. They have developed a new range of innovative, cutting edge products spanning three categories. Release nationally and internationally is planned for 2012 and 2013. Funding from Commercialisation Australia will help ensure a smooth transition of these innovative products to market, and provides KNOG with the tools to continue to lead the market through 2012 and 2013.
|gT-Energy Technologies||Early Stage Commercialisation Grant|
|Next generation turbo-alternator heat engine power generator|
gT-Energy Technologies locally designs and manufactures heat engines for converting heat sources into electrical power using well proven closed loop thermodynamic cycles with zero emissions. Heat engines are required by a fast growing global market in waste heat recovery and renewable thermal energy that is serviced by few heat engine producers internationally. With funding from Commercialisation Australia, gT-Energy Technologies will develop heat engines employing fully integrated turbo-alternators that provide in excess of a 20% reduction in component pricing and significantly improved reliability when compared to existing products on the market.
|New Media Innovation||Proof of Concept Grant|
|Multi-catalogue, a multi-channel (online and mobile) digital commerce ordering and cataloguing solution|
Multi-Catalogue is a Digital catalogue that will have uses in a wide variety of industries where catalogues are used by wholesalers/manufacturers to sell their goods by a mobile sales force to an increasingly mobile customer base. Multi-Catalogue is an innovative multi-channel / multi-access / multi-deployable / multi-branded software technology that will allow a catalogue of stock items to be visualised and made available for ordering not only on Web, Mobile and Tablet browsers but also via a Tablet Based client application allowing offline viewing of catalogue information and seamless synchronisation to the backend database. With Funding from Commercialisation Australia New Media Innovation Pty Ltd will ready the Multi-Catalogue platform for Australian release in early 2012 followed by a global rollout in the following months. http://www.government-grant.com.au/
|Signostics Limited||Early Stage Commercialisation Grant|
|Application specific handheld ultrasound platform|
Patients requiring a procedure which involves ultrasound must currently attend radiology centres or well resourced hospitals able to afford this expensive equipment. This leads to delays with performing procedures, which can potentially cause medical complications. Signostics Ltd has developed a low-cost handheld ultrasound device, adaptable to several clinical uses, for use in any medical centre or facility. Commercialisation Australia funding will help Signostics Ltd complete early stage commercialisation of its product.
|Real Time Data||Skills and Knowledge + Proof of Concept Grants|
|Intuitive fisheries data recording and reporting system|
Real Time Data has developed Deckhand, an inexpensive, easy to use portable electronic logbook which enables commercial fishermen to record