12 Aussie businesses get a $5m boost into market

The funding will help get their innovations into domestic and international markets.

Man cutting wood

Grants worth $5.4 million, provided under the Accelerating Commercialisation element of the Entrepreneurs’ Programme, will support the businesses to conduct commercialisation activities, prove the viability of their products, processes or services and prepare them for the marketplace.

What are the grants for?

The grants will help businesses turn good ideas into marketable products through market trials, upscaling and connecting with markets. Commercialisation Advisers from the Programme work with the businesses through the different stages of their product development.

So far 284 Australian businesses have benefitted from the commercialisation funding provided under the Entrepreneurs’ Programme.

What projects are being funded?

The latest funding offers will assist a:

  • Melbourne company to develop a production unit that converts low value plantation wood into hardwood products with similar properties as 100 year old native trees.
  • Brisbane company to design and test their personalised-fitting Bluetooth earbuds that are more comfortable, secure and provide better sound, for use by the hearing impaired and the music industry.
  • Melbourne university to commercialise their interactive software application for brain injury rehabilitation that allows therapists to design and prescribe therapeutic tasks for patients in the clinic and at home to accelerate recovery, benefitting the 300,000 Australians living with brain injury and millions more globally.
  • Sydney company to develop a Virtual Reality platform for collaborative STEM education and training.
  • Perth company to trial its web-based analytics platform to optimise water and nutrient consumption for agricultural, horticultural and water utility sectors.

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