Federal Industry Minister Ian Macfarlane announced $128,000 in AusIndustry's Commercialising Emerging Technologies (COMET) grants would be given to two WA companies this week.
Federal Industry Minister Ian Macfarlane announced $128,000 in AusIndustry's Commercialising Emerging Technologies (COMET) grants would be given to two WA companies this week.
Perth-based Eye Diagnostics Ltd has been granted $64,000 to commercialise its balance disorder-correcting technology.
Kensington's Genesis Petroleum Technologies Ltd was also granted $64,000 to further develop its suite of software products for the oil and gas industry, a grant which comes after it was awarded 249,113 in a grant from AusIndustry's Commercial Ready program on August 2 this year.
The full text of an announcement from the Minister's office is pasted below
Industry Minister Ian Macfarlane today announced $64,000 in Australian Government funding to commercialise an innovative product that helps people with balance disorders.
Mr Macfarlane said Eye Diagnostics Pty Ltd, of Perth, would share in over $3 million through the latest round of Commercial Ready and Commercialising Emerging Technologies (COMET) funding.
"This device is simple enough for patients to handle themselves while still being able to reliably capture quality images of the eye," Mr Macfarlane said.
"It's portable and lightweight and able to be head-mounted in order to monitor time-of-attack eye movements of patients with balance disorders."
"To be commercially viable the device needed to be robust yet inexpensive, setting the requirement for simplicity of design and minimal components."
"From a clinical perspective it had to be simple to use yet capture minute rapid eye movements of sufficient resolution to allow diagnosis, irrespective of variations in head shape and eye position." [Contact: Eye Diagnostics Pty Ltd, Katherine Lewkowski 0407 370 282]
Other Western Australian companies awarded grants include:
- Genesis Petroleum Technologies Pty Ltd, of Perth - $64,000 COMET grant to commercialise an innovative suite of software products in 'business intelligence' aimed primarily at the multi-million dollar oil and gas industry.
- Industrial Software Solutions Pty Ltd, of Perth - $863,373 Commercial Ready grant to commercialise BabelFish Aspect, an application ideally suited to the resources sector, which combines geo-spatial, real-time and non-spatial data from any underlying data source into a single integrated view via a standard web browser.
- ShieldLiner Ltd, of Perth - $1,281,379 Commercial Ready grant to commercialise its Shieldliner System, which can line, repair and seal gravity and pressure pipelines in situ, reducing surface disruption, and provide better sealing and environmental benefits.
