5 August 2004

Firms get a $65 million start - BRW Magazine

Companies in the manufacturing and information technology sectors dominated the latest round of the Federal Government's R&D Start Grants. Of the 52 successful companies, which collected $65 million in total, 19 were from manufacturing, 19 were from IT, and the remaining 14 were biotechnology companies.

New South Wales won the largest share of the grants - $14 million for 13 projects, closely followed by the ACT with $13.8 million for six projects. The largest grant, $9.4 million, went to Seeley International, a South Australian company developing an integrated climate-control systems for homes.

Other funded projects include a communications platform to enable banking transactions to be done over mobile phone, by Queensland company Braintree ($1.7 million); and a broad spectrum anti-cancer topical cream by Biosceptre International in NSW ($2.1 million). Another round of R&D grant recipients is likely to be announced soon.



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