Australia: NGIA member receives funding boost for innovation

$7.4 million is being offered to 15 Australian businesses to help get their new products and services into the marketplace. NGIA Member, Majestic Selections is one of the beneficiaries receiving the funding for the Nic-In System, an automated plant tissue culture system.

The funding, provided under the Entrepreneurs’ Programme, will help these innovative businesses undertake commercialisation activities.

More than 200 Australian businesses have benefited to date from over $105 million in Entrepreneurs’ Programme funding, along with support from experienced advisers, to help them navigate the often challenging process of getting their products to market.

The Entrepreneurs’ Programme, through the Accelerating Commercialisation element, supports entrepreneurs, researchers and businesses to find the right commercialisation solutions for their novel product, process or service.

The commercialisation grants are matched dollar-for-dollar by the business and help address challenges across key industries, including medical technologies and pharmaceuticals, advanced manufacturing, food and agribusiness, and mining equipment, technology and services.

The Nic-In System will become to the plant tissue culture sector what the plug tray is to the seedling sector. It will provide a range of benefits in global horticulture production by eliminating manual processes in plant tissue culture planting in the nursery, improving productivity and labour efficiencies, boosting plant quality and significantly reducing costs.

For more information:
www.business.gov.au/Assistance/Accelerating-Commercialisation
www.ngia.com.au