FUNDING TAKES CLEVER PRODUCTS TO MARKET

A system to improve safety at remote railway level crossings is one of seven Australian projects sharing in $3.5 million of funding to accelerate commercialisation and create new business, export and jobs opportunities. 

Minister for Industry, Science and Technology Karen Andrews announced the grants to help businesses from New South Wales, Queensland and South Australia take their products to market. 

“The grants will help businesses accelerate the development of high quality projects, which had strong local and export market potential, and are an example of ideas that keep Australian businesses competitive and promote economic growth,” Minister Andrews said. 

“These grants are part of the Australian Government’s Entrepreneurs’ Programme and make an important contribution to supporting business innovation,” Minister Andrews said. 

“To date, 335 grants worth more than $166 million have been provided to Australian businesses to commercialise their ground breaking technologies.” 

The latest funding offers will assist: 

 Three New South Wales businesses:
o AldridgeITStofinalisedevelopmentandtestingofitslow-costsystemto 

improve safety at remote rural railway crossings, combining solar power and 

wireless technology;
o Lucky Health for commercial trials of an app to help chronic disease patients 

stick to their medication schedule; and 

o CheckedinCaretoconductcommercialtrialsofitsproductCareCohort,anapp developed to enable elderly and disabled Home Care clients to stay in their homes longer. 

 Two Queensland businesses:
o Concept Safety Systems to commercialise a Spatial Plan Service platform to 

deal with fire and other emergencies in commercial buildings; and
o Technobaketocommercialiseapocket-breadbakingmachinethatcanbe 

operated by a single person in the high-volume food retail sector.  Two South Australian businesses: 

o RealTimeDatatocapitaliseonmarketopportunitiesinNorthAmericafor Deckhand, its advanced commercial fishing e-reporting and analytics software; and 

o Fivecast to develop and commercialise a new product, Fivecast AI to address a large, international market for very high-volume automated risk analysis. 

The grants consist of matched funding of up to $1 million to cover eligible commercialisation costs and help companies take their products to market.