ASX-listed wearable technology company dorsaVI has received a Victorian government grant worth $350,000, which it will use to assist in developing its Jolimont facilities.
The company made the announcement on Thursday, saying the grant would help bring its wearable sensor technology to market and finish the facility quicker than anticipated.
The facility “will incorporate cutting-edge technologies which will reduce manufacturing timelines, automate manual processes, improve stock control and product traceability, and reduce overall manufacturing costs” said the company.
DorsaVi’s wireless sensors are used to measure human movement.
“Companies can assess risky movements with hard data, not hunches, and then design fact-based solutions to create a safer work environment,” co-founder Andrew Ronchi told Smart Company earlier this year.
The grant was awarded under the Victorian government’s Future Industries Manufacturing Grant program. The medical technology and pharmaceutical sector is one of eight priority areas targeted under the government’s Future Industries Strategy.