Govt co-invests $8.4m to commercialise Australian IP

Joseph Brookes
Senior Reporter

Twelve companies have shared in $8.4 million in co-investment from the government in the latest round of its Accelerating Commercialisation grant program.

Announced Tuesday by Industry Minister Christian Porter, the recipients range from textile recycling to smart cricket balls, with each receiving up to $1 million in matched funding to commercialise their IP.

The Accelerating Commercialisation fund is part of the federal Entrepreneurs’ Programme, first announced as part of Malcolm Turnbull’s $1.1 billion National Innovation and Science Agenda.

According to the government, the Entrepreneurs’ Programme has now provided 531 grants worth more than $259 million to Australian businesses since it was established in 2014.

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The Accelerating Commercialisation fund invested $8.4 million in its latest round.

Mr Porter highlighted the two medical manufacturers in the latest round.

Melbourne based dental diagnostics company Incisive Technologies received $1 million to complete clinical trials of its BlueCheck tool. Fellow Melbourne company ZiP Diagnostics has received $750,000 to establish manufacturing facilities for its rapid testing system for diagnosing infectious diseases, including COVID-19.

“The BlueCheck tool can detect tooth decay 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,” Mr Porter said.

“The Government is committed to providing support for our medical manufacturers so we can make more products here at home, and create new job opportunities and economic benefits as the sector continues to grow.”

The other funding recipients in the latest round are:

  • BlockTexx Pty Ltd (Queensland) received a grant of $991,617 to commercialise its separation of textile technology process that enables textiles to be recycled and repurposed for other products.
  • Sportcor Industries Pty Ltd (Queensland) received a grant of $895,485 to commercialise its smart cricket ball captures data on the speed and spin of the ball.
  • Anditi Pty Ltd (New South Wales) received 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 (Queensland) received a grant of $750,000 to commercialise its AI road safety platform to identify roads at high risk of accidents through analyses of ‘near misses’.
  • USM Pty Ltd (Northern Territory) received 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.
  • Accurate Dosing Systems Pty Ltd (South Australia) received $570,000 for its integrated volumetric dosing system, an automated machine used to mix chemical samples.
  • VetDB Pty Ltd (Western Australia) received $477,933 for a vet software platform that manages patient data.
  • Simple Food Safety Pty Ltd (New South Wales) received $497,500 for its food safety and meal management software.
  • Beam Australia Pty Ltd (Western Australia) received $401,282 for it employment management software
  • InvertiGro Pty Ltd (New South Wales) received $651,658 to commercialise its indoor vertical farming IoT software platform.

Do you know more? Contact James Riley via Email.

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