{"id":34011,"date":"2023-10-20T14:32:28","date_gmt":"2023-10-20T14:32:28","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/commercialisation-australia-dishes-out-3-7-million-to-nine-start-ups-startupsmart\/"},"modified":"2023-10-20T14:32:28","modified_gmt":"2023-10-20T14:32:28","slug":"commercialisation-australia-dishes-out-3-7-million-to-nine-start-ups-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/commercialisation-australia-dishes-out-3-7-million-to-nine-start-ups-startupsmart\/","title":{"rendered":"Commercialisation Australia dishes out $3.7 million to nine start-ups – StartupSmart"},"content":{"rendered":"

A sports exchange platform and grey water recycling equipment are among the nine innovations that will share in $3.7 million under the latest funding round from Commercialisation Australia. <\/span> <\/p>\n

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A government-funded program, Commercialisation Australia helps researchers, entrepreneurs and innovative companies convert their ideas into successful commercial ventures.<\/p>\n

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Since its launch less than two years ago, the program has distributed more than $61 million to some 154 recipients, in addition to expert advice from its national case manager network.<\/p>\n

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The latest round of recipients include three clean tech projects, including a low-cost grey water treatment and a technology that could increase fuel efficiency in cars.<\/p>\n

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Green Distillation Technologies, based in NSW, has received $438,440 to produce oil, carbon and recover steel from old tyres, which in turn will reduce oil imports to Australia.<\/p>\n

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Proof-of-concept funding will allow construction of a commercial production module, following a successful pilot plant trial proving the technology.<\/p>\n

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Meanwhile, Aerofloat \u2013 also based in NSW \u2013 has received $310,957 to provide a treatment solution for houseboat grey water on Australian inland waters.<\/p>\n

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The project will develop and commercialise a larger model to penetrate new markets, namely the residential water reuse and industrial wastewater markets, both nationally and internationally.<\/p>\n

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There is significant interest in India to use the product to treat grey water for reuse in toilet flushing.<\/p>\n

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Five ICT inventions will also share in the funding, including a web platform that helps sporting organisations and networking software enhance online games.<\/p>\n

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Victoria-based business Learning Frameworks offers web-based services to improve the outcomes of self-directed and mentored learning in an online environment.<\/p>\n

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The project aims to integrate learning, and knowledge capture and sharing, to improve learning outcomes and grow the capacity of club-based sporting organisations.<\/p>\n

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Using a $127,877 grant, Learning Frameworks will complete its software platform for the beta release of the world\u2019s first global knowledge exchange for sport.<\/p>\n

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But it was fellow Victorian company Whispir that received the largest grant, walking away with $2 million to develop and commercialise its cloud-based engagement platform.<\/p>\n

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The final recipient was South Australian company Ceridia, which has developed a drug reformulation system used to improve the performance of new and existing medications.<\/p>\n

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A $48,800 grant will be used by the company to support planning in preparation for clinical development and equity investment.<\/p>\n

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According to Innovation Minister Kim Carr, too many Australian inventions never make it to market, so Commercialisation Australia aims to change this.<\/p>\n

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\u201cThis funding will help enterprising companies commercialise their products so they can really make a difference where it counts,\u201d he says.<\/p>\n","protected":false},"excerpt":{"rendered":"

A sports exchange platform and grey water recycling equipment are among the nine innovations that will share in $3.7 million<\/p>\n","protected":false},"author":2,"featured_media":62410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/34011"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=34011"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/34011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/62410"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=34011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=34011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=34011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}