Smart Aussie innovators are being supported to develop industry changing technologies. The Entrepreneurs Programme is excited to award over $2.4 million in Accelerating Commercialisation grants to 4 ingenious businesses.

The program’s Accelerating Commercialisation service has been supporting businesses since 2014. In that time, more than $262 million has been awarded through 535 grants.  The service helps these companies expand their networks through connections to angels, strategic investors and other potential partners The highly competitive grant process puts each project through an independent, merit based assessment for the chance to be awarded up to $1 million in matched funding, meaning the business must contribute an equal amount to the project.

The Entrepreneurs’ Programme is lending its unique support service to expedite the development lifecycle of a wide range of novel ideas and get them to market.

Are you or your family slaves to the screen? The Screen Coach project offers the key to freedom. The gamified app solution encourages children (and adults) to get active and take responsibility for their own screen time. The integrated hardware and software app challenges you to earn screen time by completing tasks like homework, chores or outdoor play. Life Tech Balance will use their $671,500 grant to develop a market-ready version of their app, establish manufacturing and distribution channels, and achieve their first sales in Australia.

From keeping our kids brains stimulated and active, to a brain monitoring device to save lives.

Fifty five percent of patients who suffer significant brain injuries develop secondary injuries from a lack of oxygen to brain tissue, in a condition known as hypoxia. Kooyong-based med-tech start-up, Cyban Pty Ltd have developed their revolutionary Brain Pulse Oximeter to combat hypoxia. The non-invasive device continuously monitors brain oxygen levels in patients with traumatic brain injury and has the potential to reduce or even eliminate secondary hypoxia injuries. Cyban will use their $350,000 grant to commercialise their product for market entry, and ultimately achieve broad adoption of this technology in hospitals worldwide.

The additional funded projects are

  • Aviation administrators, Monarc have developed an automated inventory allocation system to optimise the use of transport assets such as aircraft, boats, rail and trucks. $487,019 in funding will help them to achieve first sales in Australia and expand globally.
  • New-age workspace providers, Bader Investments trading as Workit Spaces will use $897,843 in funding to commercialise their software based logistics platform streamlining the eCommerce industry supply chain. The software uses a unique forecasting engine to optimise management process across inventory, warehouse, and shipping.

About Accelerating Commercialisation

Under the Entrepreneurs’ Programme, Accelerating Commercialisation provides expert guidance and connections to help businesses and researchers to commercialise their novel product, process or service. After receiving commercialisation advice, businesses can access matched grants of up to $1 million to assist in the commercialisation process.

Facilitators provide guidance and mentorship to help achieve project objectives, with an opportunity to access networks to help make important business connections, create opportunities, raise capital and enter new markets. Facilitators will also introduce potential exposure to investors and multi-national corporations through domestic and international roadshows.

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