Manufacturing sector grows under the $8.4 million grant program
The manufacturing sector grows rapidly as 12 companies are awarded over $8.4 million in funding under the Accelerating Commercialisation grant program.
The grant program allows companies to bring their outstanding innovations to market, opening up new domestic and export growth opportunities. This in turn creates sustainable and high paying jobs for Australian workers.
The medical field of the manufacturing sector is advancing significantly under the grant program. Dental diagnostics company Incisive Technologies can now complete the clinical trials of their BlueCheck tool after receiving their $1 million grant.
Meanwhile, ZiP Diagnostics received $750,000. They plan to use their grant to establish manufacturing facilities for their rapid and low-cost testing system for diagnosing infectious diseases including COVID-19.
Minister for Industry, Science and Technology Christian Porter said the two projects had impressive health benefits and outstanding commercial potential.
“The BlueCheck tool can detect tooth decay far earlier than an x-ray, allowing preventative action to be fast-tracked, while the ZiP system promises to vastly reduce the amount of time required for infectious diseases results to be confirmed,” Minister Porter said.
Minister Porter said the Government was committed to providing support for the country’s medical manufacturers. With their support towards the growth of the manufacturing sector, products can be made locally and new job opportunities can be created. Supporting the sector will also cause huge economic benefits.
The other companies in the manufacturing sector that will receive grants are the following:
- BlockTexx Pty Ltd (QLD) — with a grant of $991,617 to commercialise their separation of textile technology (S.O.F.T.) process that enables textiles to be recycled and repurposed for products including clothing, packaging solutions and building products.
- Sportcor Industries Pty Ltd (QLD) — with a grant of $895,485 to commercialise its smart cricket ball that provides cost-effective and immediate feedback to players, coaches and commentators on the speed and spin of the ball.
- Anditi Pty Ltd (NSW) — with a grant of $790,598 to commercialise its automated process for assessing road safety attributes, required to generate safety Star Rating for roads and for assessing road assets such as those relied on by Connected and Autonomous Vehicles.
- Advanced Mobility Analytics Group Pty Ltd (QLD) — with a grant of $750,000 to commercialise their AI road safety platform to identify roads at high risk of accidents through analyses of ‘near misses’.
- USM Pty Ltd (NT) — with a grant of $698,912 to help commercialise their personal safety monitor solution that enables real-time management of worker safety in the oil and gas, manufacturing and mining sectors.
The Accelerating Commercialisation grant stream is part of the Government’s Entrepreneurs’ Programme. The said program has provided 531 grants worth more than $259 million to Australian businesses since its establishment in 2014.