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:
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.
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