Ten businesses will receive funding as part of the federal government’s “Accelerating Commercialisation” grants program.
Announced on July 16, the funding totals $3.7 million and was awarded by the Minister for Industry, Science, and Technology, Karen Andrews.
Five businesses from Queensland received funding, including AMS International Technologies, which has developed energy management products to help consumers, retailers and distributors better manage their electricity use.
“This funding will support these businesses through their product lifecycle, from product trials and development to market testing, with the aim of going global,” said Andrews.
Two New South Wales businesses received funding. One, Ubaryon, will commercialise its metal separation technology to improve safety, economic, and environmental outcomes.
The Western Australian business that received funding, Environmental Water Solutions, will commercialise a unique chemical filtration system that is the first to be developed in the world, to protect drinkers from contaminated water.
Flex-G, located in the Australian Capital Territory, has manufactured a high performance coolant for motorsports and electric vehicles.
In Victoria, Spark Breweries and Distilleries has prototyped a new compact brewing machine which will allow for greater returns for pubs, hotels and craft brewers, and will receive funding to commercialise this technology.
This round of funding is the latest in $196 million worth of funding, distributed in 400 grants, since 2014.
The grants require matched industry funding from the businesses which are successful in the process and is part of the federal government’s Entrepreneurs’ Programme.