Investing $3.2m in Australian businesses
- Written by Office of the Hon Craig Laundy MP
An Australian company making a revolutionary material claimed to be 100 times stronger than steel has been granted Government funding to establish an advanced manufacturing facility in Melbourne.
SupraG Energy, which develops high-value graphene products, is one of six recipients to share in $3.2 million of funding under the Government’s Accelerating Commercialisation initiative.
Minister for Small and Family Business, the Workplace and Deregulation Craig Laundy today announced the grants for the six Australian businesses to undertake commercialisation activities.
Minister Laundy said the commercialisation support would help the businesses prove product viability, and in some cases, take their innovations to the global market.
“Accelerating Commercialisation grants support businesses to take their innovations through often costly commercialisation steps like trials and market testing, bringing them closer to launch in local and international markets,” Minister Laundy said.
The latest funding offers will assist:
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SupraG Energy to establish an advanced manufacturing facility in Melbourne to accelerate the development of its high-value graphene products
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Ailytic in Adelaide to further develop its artificial intelligence software platform for the manufacturing sector that analyses manufacturing processes and optimises production scheduling
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Aurtra in Brisbane to launch its transformer condition monitoring system into the international energy market,
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Loadpro also in Brisbane to commercialise its Loadpro X60 truck to fill a product gap for off-highway trucks in the mining and construction industries for extended hauls with less fuel burn
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Liftango in Charlestown, NSW, to complete the development of its on-demand logistics solution that will revolutionise the transport industry, and
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Nodapp in Sydney to commercialise its natural language artificial intelligence platform that writes advice documents in real-time for experts in the financial services, legal, education, environmental safety and healthcare industries.
Minister Laundy said the grants were part of the Australian Government’s Entrepreneurs’ Programme, and play a pivotal role in driving innovation.
“The Entrepreneurs’ Programme has a great track record in supporting businesses to develop and commercialise new products and services that will improve business capability, competitiveness and promote economic growth.
“Each of the grants offered by the Australian Government will be matched by industry funding.”
More information on the grant recipients is available at www.business.gov.au/ac-funding-offers
For more information about how to apply for an Entrepreneurs’ Programme commercialisation grant go to www.business.gov.au/ep
Daily Bulletin