Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Comets grants launch nine projects into the market.



Download PDFDownload PDF

Media Release The Hon Ian Macfarlane, MP

22 December 2005

COMET GRANTS LAUNCH NINE PROJECTS INTO THE MARKET

A chemical-based DNA testing process that is more cost effective and efficient than most existing DNA tests has been awarded $64,000 in the latest round of Australian Government Commercialising Emerging Technologies (COMET) funding.

Federal Industry Minister Ian Macfarlane today announced Melbourne-based Genvartec as one of nine companies across Australia to receive funding totalling $555,200 under the COMET program.

“Genvartec’s process offers a direct DNA test which is easy to perform and can be used in conjunction with current testing technology to reduce the whole diagnostic process cost,” Mr Macfarlane said.

Current DNA testing, while effective, is often expensive and therefore a major deterrent to public health systems and the average consumer.

Genvartec’s COMET funding will be used for market research, intellectual property and a working prototype.

Other companies to receive COMET funding this round include:

● Neuro Vision Technology Pty Ltd, of Semaphore Park (SA), which received $64,000 to commercialise its medical device and software

package for patients suffering from neurological vision impairment as a result of brain injury or stroke. [Contact: Ms Gayle Clarke 08 8341 5434] ● Vision Instruments Pty Ltd, of LenahValley(Tas), which received $51,200 to commercialise its camera for retinal eye disease screening

programs in public health, remote areas and developing countries. [Contact: Mr Greg Koennecke 03 6278 8036] ● AUSPAY Limited, of Perth, which received $56,000 to market its total payment system for businesses to process payments through a

variety of media to save on transaction and merchant fees. [Contact: Mr Nick Norton 08 9225 6667]

“There is tremendous breadth in the innovation activities occurring across Australia and the Federal Government is committed to helping these clever projects develop into successful commercial products,” Mr Macfarlane said.

A list of the latest innovation grants and information on the Commercial Ready and COMET programs can be found at www.ausindustry.gov.au, or phone the AusIndustry hotline 13 28 46, or email hotline@ausindustry.gov.au

Contact: Genvartec Pty Ltd, Ms Heather Howard 03 8344 1823