Unique energy management software for smart-metered households and a smarter drilling system for mineral exploration are among 21 new inventions being assisted to commercial reality with a total of $6 million in Australian Government funding.

The latest funding from Commercialisation Australia means 292 Australian innovations have been provided with $112.1 million in assistance since January 2010.

Commercialisation Australia funding is designed to turn innovative ideas and research into practical outcomes to drive change in the Australian economy.

Successful applicants among the latest funding outcomes include:

• Billcap Pty Ltd ($222,490) of Victoria, for proof of concept work on its unique energy management software to help smart-metered households understand, control and optimise their electricity usage.
• Globaltech Corporation Pty Ltd, of Western Australia, ($1.5 million) to commercialise a fully integrated suite of drilling instrumentation and data-management products, greatly simplifying operations and delivering significant time/cost saving benefits.
• eTool Pty Ltd, of Western Australia, ($127,500) to develop a life cycle assessment software program to predict and reduce environmental impact and costs of buildings and infrastructure in the design phase.
• Seafoods Tasmania ($125,000) for proof of concept work to adapt conventional methods of seafood preservation, packaging and handling to ready its sea urchin products for the export market.

“Commercialisation Australia provides grants, on a competitive basis, from as little as $10,000 to as much as $2 million for a range of eligible activities carefully designed to match the needs of early stage business building,” said Commercialisation Australia CEO, Doron Ben-Meir.

Details of the new participants can be downloaded here.

Download a print friendly version of the Media Release.

More information: CAmedia@innovation.gov.au; 02 6276 1669; 0409 664 951