Grants totalling $4.7 million and shared among nine companies under the federal Accelerating Commercialisation program have been announced.
Successful projects under the January round include Red Eight Produce’s new meat processing system, Veyor Digital’s material handling, logistics and inventory platform, and Navi Medical Technologies’ NeoNav device.
NeoNav is a device for catheter placement for premature or sick babies, and has its origins in the University of Melbourne’s Biodesign Innovation Melbourne program. Navi aims to replace methods for catheter placement that have been in use for over 60 years.
“The neoNAV innovation eliminates the need for confirmation X-rays and lowers the risk of complications to improve the health outcomes of critically ill newborns,” industry minister Karen Andrews said in a statement.
“This product is a great example of innovative technology that can improve lives as well as present a growth opportunity for Australia’s medical technology sector.”
The program is for SMEs, entrepreneurs and researchers bringing new technology to market, and assists through providing expert advice and guidance and matched funding of up to $1 million.
A full list of January 2020 Accelerating Commercialisation grants is below (source: https://www.business.gov.au/Grants-and-Programs/Accelerating-Commercialisation/Accelerating-Commercialisation-funding-offers)
Picture: Navi Medical
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|Applicant Name||Project Title||Grant Amount (ex GST)|
|Albion Sports Technology Pty Ltd||Novel high-impact body protection system for women’s and men’s sport||$245,966|
|DingGo AU Pty Ltd||DingGo fleet vehicle repair management platform||$248,262|
|Dynamic Crowd Measurement Pty Ltd||Artificially intelligent management tool for crowd management||$640,000|
|Farmbot Australia Pty Ltd||Farmbot’s smart, automatic monitors save farmers water, time and money||$597,650|
|Matchbox Exchange Pty Ltd||Commercialisation of MATCHBOX Exchange platform in South East Asia||$658,479|
|Navi Medical Technologies Pty Ltd||Neonav medical device to improve catheter positioning in newborns||$396,452|
|Red Eight Produce Pty Ltd||A new meat processing system and commercial mobile modular abattoir||$712,500|
|Smileyscope Pty Ltd||Commercialising digital therapeutics to improve medical procedures||$740,000|
|Veyor Digital Pty Ltd||Integrated materials handling, logistics and inventory management platform||$516,885|