Metis Technologies is receiving money for the government to commercialise a new pollution control system for power generation and other industrial processes.
The grant comes as part of an $8 million offering to be shared by 19 inventive companies.
The Commercialisation Australia program is designed to turn research into reality and create a richer, greener and fairer country, says Innovation Minister Senator Kim Carr.
Another Australian company, Signostics Limited, will also receive 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 company says.
“This funding will help smart companies commercialise their products, delivering a wealth of benefits for Australians,” Senator Carr said.