i4 Connect facilitates $60.7 million in grants to 111 Australian start-ups

Since commencing as the Commercialisation Delivery Partner in July 2020 for the Entrepreneurs’ Programme Accelerating Commercialisation Service, i4 Connect has facilitated 111 start-ups with $60.7m in grants on commercialisation projects valued at $120 million.

An Accelerating Commercialisation grant can be used to fund up to half the project to a maximum of grant of $1m. These businesses are often novel, pre-revenue, early stage firms that hugely benefit from both the funds provided through the service and the unique mentoring provided by i4 Connect facilitators. Some highlight business this year include:

Navi Medical Technologies

Navi Medical received a grant of $600,000 to improve critical care for neonates with its electrocardiography-based tip location system. A unique and novel tech that was developed to solve a clinical problem that can result in neonates being at risk of serious injury, or death.

Conveyor Manufacturers Australia (CMA)

A $1.27m Accelerating Commercialisation (AC) project has been planned by CMA to deliver this key milestone and the Entrepreneurs’ Programme will provide 50% of that project funding. CMA is revolutionising bulk-material conveyor systems to bring about a step change in safety and operational improvements for underground mining and civil tunnelling works.

Its modular and revolutionary conveyor technology, Redline completely re-thinks belt conveyor design and relocates personnel away from the most congested and highest-risk area of an underground operation, whilst laying the foundation for complete automation.

Helitak Fire Fighting Equipment

Agile water-bombing capacity for helicopters with Helitak tanks. Helitak Fire Fighting Equipment is an industry leader in aerial firefighting tech. The firm’s growing core IP stems from an innovative, expandable water tank that can be fitted to the underbelly of a helicopter.

The tech provides a safe, efficient and easy way to convert helicopter models for use in aerial firefighting. Helitak and the Entrepreneurs’ Programme committed to funding a second stage of the AC grant bringing the total value of the agreed project work to $1,957,846.

BioScout: detecting crop disease in real time

BioScout has invented a real-time process that enables large commercial crop growers to detect and treat diseases in a matter of hours, leading to significant cost savings via targeted fungicide spraying, less damage to crops, higher yields, increased margins and increased farmgate value. Its microscope is combined with an airflow inlet to capture disease samples.

The microscope automatically scans the samples in real time. Images are sent to BioScout’s database of samples for disease matching, giving the grower a diagnosis in a matter of hours, rather than three weeks, $600 per sample and a potentially lost crop. BioScout received a grant of $650,914 to further progress development of its microscope.

Other businesses who’ve recently received grants and support through the program include:

Company Grant State Sector
 

3D Morphic

 

$337,600

 

NSW

 

MedTech

 

Agscent

 

$600,000

 

NSW

 

AgTech

 

Laronix

 

$551,100

 

NSW

 

MedTech

 

RehabSwift

 

$158,590

 

SA

 

MedTech

 

Accurate Dosing

 

$570,000

 

SA

 

Advanced Manufacturing

 

Real Thing AI

 

$1,000,000

 

VIC

 

Software

 

Cyban

 

$350,000

 

VIC

 

MedTech

 

AirRobe

 

$489,830

 

VIC

 

Software

 

Lenexa Medical

 

$650,000

 

VIC

 

MedTech

 

ZiP Diagnostics

 

$750,000

 

VIC

 

MedTech

 

Venso Labs (OPXFLO)

 

$860,000

 

VIC

 

Advanced Manufacturing

 

Gridcognition

 

$998,783

 

WA

 

CleanTech

 

ProcurePro

 

$278,751

 

QLD

 

Technology