{"id":45627,"date":"2023-10-20T15:45:11","date_gmt":"2023-10-20T15:45:11","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/meet-the-20-tech-ventures-sharing-in-11-million-in-government-grants-to-take-on-the-world-startupsmart\/"},"modified":"2023-10-20T15:45:11","modified_gmt":"2023-10-20T15:45:11","slug":"meet-the-20-tech-ventures-sharing-in-11-million-in-government-grants-to-take-on-the-world-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/meet-the-20-tech-ventures-sharing-in-11-million-in-government-grants-to-take-on-the-world-startupsmart\/","title":{"rendered":"Meet the 20 tech ventures sharing in $11 million in government grants to take on the world – StartupSmart"},"content":{"rendered":"
The federal government has dished out $11.3 million to a diverse range of innovative products as part of the next round of its Entrepreneurs’ Programme.<\/p>\n
The funding from the Accelerating Commercialisation fund has gone into 20 startups from around Australia and is aiming to help the companies get a kick-start in new markets and help with global expansion plans.<\/p>\n
Federal minister for innovation Greg Hunt says the funding will help fast-track the commercialisation of the range of tech offerings.<\/p>\n
\u201cA 3-D printed jaw joint replacement, termite-proof building materials and a safer way to store grain outdoors are amongst the diverse products and services that will be fast-tracked,\u201d Hunt says in a statement.<\/p>\n
The grants range from $213,000 to $1 million and are matched dollar-for-dollar by the recipients.<\/p>\n
This funding brings the federal government\u2019s total investment in such ventures to nearly $80 million across the program.<\/p>\n
With this backing, startups are expected to overcome entry barriers to market by proceeding with product trials, licensing and accelerated manufacturing.<\/p>\n
Among the recipients is Melbourne Accelerator Program participant BajaBoard, which manufactures tech-based motor sports products.<\/p>\n
\u201cIt\u2019s very exciting,\u201d BajaBoard founder George Li tells StartupSmart.<\/em><\/p>\n The Melbourne-based startup has received a grant of over $250,000 for the development of its new all-terrain electric skateboard.<\/p>\n The startup has been enjoying some early traction after MAP director Rohan Workman jumped into Li\u2019s car when he was an Uber driver, prompting him to apply for the program.<\/p>\n \u201cUp to now, we\u2019ve been doing this board quite bespokely one-by-one by hand,\u201d Li says.<\/p>\n The government grant will enable Li and his team to accelerate manufacturing so they can expand globally.<\/p>\n \u201cWe\u2019ve almost signed up [a distributor] in Europe and we\u2019re talking to someone in the US,\u201d he says.<\/p>\n The grant has also helped them bring on an early stage investor who offered to back them if they won the grant.<\/p>\n BajaBoard will also be using the new capital to build out its website, develop marketing videos and bring on new talent.<\/p>\n But Li says the win is in no way an instant cash prize.<\/p>\n \u201cThe preparation process took about a year,\u201d he says.<\/p>\n \u201cWe put it up in late April [2015] hoping it would be done in June [2016] but the federal election pushed it back.\u201d<\/p>\n Li says startups should complete the \u2018accelerating commercialisation funding\u2019 application even if they don\u2019t intend to apply.<\/p>\n \u201cAs a startup, you should know how to answer those questions,\u201d he says.<\/p>\n \u201cYou have to substantiate everything, don\u2019t use words like \u2018many\u2019 [or] \u2018several\u2019. Actually put the numbers in and put attachments where you can back up your claims.\u201d<\/p>\n Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, LinkedIn and SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The federal government has dished out $11.3 million to a diverse range of innovative products as part of the next<\/p>\n","protected":false},"author":1,"featured_media":58660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,17,18,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/45627"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=45627"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/45627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58660"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=45627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=45627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=45627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Meet all the grant winners<\/h3>\n
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