Tuesday 11 December 2012

A body-mounted digital camera for law enforcement officers; technology to accelerate research into cancer, diabetes and heart disease treatments; and device that remotely measures wind speeds are among new innovations to be supported with funding from Commercialisation Australia.

The latest funding from Commercialisation Australia means a total of 360 participants have been provided with $142.1 million in assistance since January 2010.

Successful applicants among the latest funding offers include: 

• iWebGate Technology Ltd ($2 million), of Perth, WA: to finalise development of the world's first commercially available "off the shelf" Ghost Network Platform, an innovation which delivers stealth security and enables software developers and network administrators to deliver cloud services from existing ICT infrastructure;
• Controlabill Pty Ltd ($608,824), of Balgowlah Heights, NSW: to pilot a next generation, online Direct Debit Authority (DDA) management service allowing billers, consumers and banks to establish, manage or cancel authorities using a PC, smart phone or tablet device;
• Accugen Pty Ltd ($250,000), of Rosebery, NSW: to conduct manufacturer trials of a revolutionary method for quantitative real time PCR, a scientific technique to quantitate the amount of individual target genes of interest in an organism; 
• Blamey & Saunders Pty Ltd ($210,000), of East Melbourne, VIC: to produce and test a unique wireless device that will enable people to buy and adjust their own hearing aids from a mobile phone, Mac or PC in any environment, substantially improving usability and reducing cost;
• Fulcrum 3D Pty Ltd ($800,700), of North Sydney, NSW: to commercialise a device for remotely measuring wind speeds at altitudes of up to 300m; and
• Precision Pastoral Pty Ltd ($350,000), of Alice Springs, NT: to commercialise its Remote Livestock Management System (RLMS), which will give cattle producers a cost benefit of at least $68 per head of cattle for slaughter.

Commercialisation Australia is a competitive, merit-based assistance program offering funding and resources to accelerate the business building process for Australian entrepreneurs, researchers and inventors looking to commercialise innovative intellectual property.

“Commercialisation Australia is supporting numerous Australian businesses and innovators working to bring their ideas to market,” says Commercialisation Australia CEO Doron Ben-Meir.

“We provide essential funding and crucial guidance that helps innovators navigate the path to successful commercialisation so that the economic benefits flow through society creating new jobs, new industries and higher productivity. Our dedicated Case Managers and extended network provide the timely advice and key insights participants need to enhance their prospects of commercial success.

“We help businesses move to a stage where they can attract commercial investment or simply generate revenue to achieve business viability."