Dept of Industry, Science and Resources
The Industry Growth Program helps businesses commercialise innovative new products, processes and services.
The latest grants will support 5 projects in priority areas for the National Reconstruction Fund. They include:
- $2,267,343 for Bioborne to scale its closed-loop microalgae production that uses artificial intelligence. After trials, they aim to produce a new range of bio-fertilisers that will help increase crop yields.
- $2,107,300 to help C Sea Solutions scale production of Uluu. This sustainable seaweed product is an alternative to plastic packaging. The grant will support the company to complete trials, gain certification and commercialise its product. They aim to achieve first sales in sustainable packaging for cosmetics.
- $750,000 for Seascape Restorations Australia (trading as Immersion group) to build a patented photobioreactor system for cultivating a native seaweed that can reduce methane gas. The project will include two new patent applications and prove feasibility of the modular system.
- $1,500,000 to support Aston Dynamics finalise prototypes of its hydraulic jet technology for electric trailer brakes. It will also help scale manufacturing and accelerate entry to international markets.
- $250,000 for Levur to continue developing its precision fermentation process to produce sustainable palm oil derivatives for use in cosmetics, nutraceuticals and food.
The Industry Growth Program offers free, tailored advice for start-ups and small and medium enterprises. Eligible businesses can also apply for matched grant funding.
Apply for the Industry Growth Program Advisory Service and discover how to grow your business.
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