An Australian company making a revolutionary material claimed to be 100 times stronger than steel has been granted Government funding to establish an advanced manufacturing facility in Melbourne.
SupraG Energy, which develops high-value graphene products, is one of six recipients to share in $3.2 million of funding under the Government’s Accelerating Commercialisation initiative.
Minister for Small and Family Business, the Workplace and Deregulation Craig Laundy today announced the grants for the six Australian businesses to undertake commercialisation activities.
Minister Laundy said the commercialisation support would help the businesses prove product viability, and in some cases, take their innovations to the global market.
“Accelerating Commercialisation grants support businesses to take their innovations through often costly commercialisation steps like trials and market testing, bringing them closer to launch in local and international markets,” Minister Laundy said.
The latest funding offers will assist:
Minister Laundy said the grants were part of the Australian Government’s Entrepreneurs’ Programme, and play a pivotal role in driving innovation.
“The Entrepreneurs’ Programme has a great track record in supporting businesses to develop and commercialise new products and services that will improve business capability, competitiveness and promote economic growth.
“Each of the grants offered by the Australian Government will be matched by industry funding.”