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$3.9 Million awarded to innovative WA R & D projects.



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11 March 2005

$3.9 MILLION AWARDED TO INNOVATIVE WA R&D PROJECTS

Three West Australian companies have been awarded federal innovation grants to develop projects including the next generation of smartcards, a program to assess a company's vulnerability to break-in, and a multi-use wireless communication device.

Federal Industry Minister, Ian Macfarlane, today announced the Australian Government grants totalling $3.93 million for the 3 successful WA companies under the R&D Start and Commercialising Emerging Technologies (COMET) programs.

“These innovation grants will further the R&D on a range of smart ideas and then directly assist with moving the concepts towards commercial reality - getting the product or service into the market,” said Mr Macfarlane.

“Business will have a smartcard better able to handle transactions during transit, companies will be able to better assess the risk in their operations, and wireless communications users will have a product that covers different systems,” he said.

The WA companies awarded funding are:

• ERG R&D Pty Ltd, of Balcatta, a $3.08 million R&D Start grant to develop the next generation processing platform for the management of smartcard transactions and services; [Contact: Ms J Krysyna 08 9273 1588] • Commtech Wirelesss Pty Ltd, of Osborne Park, a $797,780 R&D Start

grant for its Wireless Messaging Router project which will bring together incompatible systems and despatch messages to wireless devices; [Contact: Mr N Buzza, 08 9244 5550]

• VAG (Australia), of Trigg in WA, a $56,000 Commercialising Emerging Technologies (COMET) grant to commercialise software which assesses a company's vulnerability in relation to risk of attack or security “incidents”. [Contact: Mr Chandler Comerford 08 9203 7214]

“The Australian Government is committed to giving small companies like these a helping hand - to turn their smart ideas into clever products and services. An investment in Australian innovation is an investment in our economic future.”

“I would also encourage WA companies to now begin applying under the Government’s new $1 billion Commercial Ready program,” said Mr Macfarlane.

A list of all grant recipients can be viewed at www.ausindustry.gov.au