A software solution for soil testing and a remote bulk storage beverage dispensing system are among the innovative new products developed by the latest Commercialising Emerging Technologies (COMET) recipients.
Senator Kim Carr, Minister for Innovation, Industry, Science and Research, today announced 11 COMET grants totalling $774,400 in national funding to help bring innovative Australian projects to market.
The companies and their projects, each receiving $70,400 in COMET funds, include:
- Elemental Energy Technologies, of NSW, has developed the SeaUrchin, an underwater turbine for electricity generation from ocean currents, ocean tides and flowing rivers. The SeaUrchin operates in the widest range of flow rates and locations, offers multiple deployment options and is about half the cost of its closest competitors to manufacture and install. [Contact: Kim Lyle 02 9290 2276, 0411 116 669].
- Ultramotive Technologies, of Qld, has developed electric motor technology for motor vehicles that eliminates the need for gear boxes and transmissions. It has an exceptional torque-to-weight ratio and is also a motor option for wind turbines. [Contact: Mark Northage 0407 110 345].
- Biofiba, of NSW, has developed a biodegradable simulated timber product made of natural renewable resources as an alternative for export shipping pallets. [Contact: Laurie Dummett 02 4325 7788].
The COMET program is one of more than 30 business programs delivered by AusIndustry.
A list of the grants announced today can be found at www.ausindustry.gov.au
With Commercialisation Australia – the Rudd Government’s radical new $196 million support initiative for home-grown innovation – starting on 4 January this year, the COMET program is now closed to new applications.
Researchers, entrepreneurs and innovative firms looking for assistance to commercialise their ideas should visit www.commercialisationaustralia.gov.au or contact 13 22 56.
Media contacts: Patrick Pantano, Minister's Office, 0417 181 936
Merryn Kennedy, AusIndustry, 02 6213 7319, 0421 050 108