The latest round of Accelerating Commercialisation grants has been announced, with ten grants totalling $3.7 million.
The list includes five companies from Queensland, two from NSW, and one each from WA, ACT and Victoria.
- Flex-G, which gained $200,000 to help commercialise a high-performance coolant for electric vehicles;
- Spark Breweries and Distilleries, which received $499,314 to help commercialise a “compact beer brewing machine” for beer retailers; and
- Ubaryon, which received $172,432 for development of “new metal separation technology.”
The grants under the program, which was introduced in 2014, are matched by recipients’ investment.
“This funding will support these businesses through their product lifecycle, from product trials and development to market testing, with the aim of going global,” said industry minister Karen Andrews in a statement.
“Investing in businesses and technology is vital to ensuring Australia builds on its record of 27 years of uninterrupted economic growth.”
The list of July AC funding offers can be seen here.
Picture: Spark Breweries and Distilleries