{"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":"
\"BajaBoard<\/div>\n

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

Meet all the grant winners<\/h3>\n
    \n
  • Seels Technology<\/strong> (SA) has received $1 million for revolutionary concrete replacement Toberite which hardens almost instantly.<\/li>\n
  • Biotech company SpeeDX<\/strong> (NSW) has received $1 million for diagnostic solutions to combat the rise of superbugs resistant to antibiotics.<\/li>\n
  • Magnetica Limited<\/strong> (QLD), aiming to drive next generation of MRI technologies, has received $1 million for integration of compact, high performance, patient friendly MRI tech.<\/li>\n
  • Carbon Link Limited<\/strong> (QLD), aiming to help farmers improve soil and become more resilient to drought, has received $979,440 for large-scale measurement systems for trading soil carbon.<\/li>\n
  • Bio Processing Australia<\/strong> (NSW), which develops solutions in biofuel, fermentation and food, has received $891,525 for its mineral yeast fermentation production system.<\/li>\n
  • Advanced tech company Liquid Instruments<\/strong> (ACT) has received $830,261 for Moku:Lab, a reconfigurable test and measurement device.<\/li>\n
  • Global Grain Handling Solutions<\/strong> (WA) has received $705,320 for outdoor grain storage system.<\/li>\n
  • InterfereX Communications<\/strong> (ACT), which develops wireless and wireline network solutions, has received $675,000 for advanced signal processing to maximise performance of digital content.<\/li>\n
  • OMX Solutions<\/strong> (VIC), which engineers surgery solutions, has received $650,000 for a 3D printed medical device for jaw-joint replacements.<\/li>\n
  • Pumpfree Energy<\/strong> (NSW), which designs and licenses innovative tech in waste water to energy management, has received $508,675 for pump-free energy bio-oils harvesting and environmental management.<\/li>\n
  • Renewable Energy Solutions Australia<\/strong> (RESA Operations, QLD) has received $490,070 for manufacturing its all-in-one management system VoltLogic for global expansion.<\/li>\n
  • Risk management specialist Lacima Group<\/strong> (NSW) has received $487,225 for office analytics system, which can be used by energy and commodities traders.<\/li>\n
  • Fuel theft prevention company Scancam Industries<\/strong> (WA) has received $360,031 for smart fuel security, automated anti-fuel theft monitoring and reporting.<\/li>\n
  • Sci.Aero<\/strong> (WA), which provides drone pilot training and solutions, has received $300,000 for its revolutionary aerial surveying and robotic aircraft.<\/li>\n
  • International Health Group<\/strong> (NSW) has received $300,000 for its revolutionary infant resuscitation musk.<\/li>\n
  • Vericus<\/strong> (VIC) has received $249,845 for development of Cadmus, software tool to verify authenticity of written assessments.<\/li>\n
  • Software company Exa-Min Technologies<\/strong> (QLD) has received $249,000 for its integrated mobile workforce solution.<\/li>\n
  • Green Zone<\/strong> (VIC), which develops commercial and residential pest barriers, granted $236,965 for insect proof expansion joint foam for use in concrete construction.<\/li>\n
  • Environmental transformation company Micronised Mineral Solutions<\/strong> (NT) has received $213,086 for acid mine water treatment.<\/li>\n<\/ul>\n

    Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, LinkedIn and SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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