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Sunshine State aglow with innovative success.



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Media Release The Hon Ian Macfarlane MP Minister for Industry, Tourism and Resources

13 March 2003 03/039

SUNSHINE STATE AGLOW WITH INNOVATIVE SUCCESS

A new armour, flexible enough to curve to the female form, a gas detector which can handle the hazardous conditions of the mining industry and a software package that manages strategic planning processes are three of Queensland’s smartest projects recognised at a Celebration of Innovation in Brisbane last night.

Federal Industry Minister, Ian Macfarlane, congratulated military suppliers Craig International Ballistics, air monitors App-Tek International and computer gurus Outcome Manager Pty Ltd on their innovative success.

“Queensland has a long list of smart, inventive companies who are accessing programs from the Howard Government’s $3 billion innovation statement, Backing Australia’s Ability, so they can take on the world for the benefit of all Australians,” said Mr Macfarlane.

Over 2001/02 Federal Government programs awarded Queensland companies $32 million in R&D Start payments, $2.8 million in COMET (Commercialising Emerging Technologies) payments and $1.3 million in BIF (Biotechnology Innovation Fund) payments.

“We’re making sure Australian businesses can make the transition from bright idea to great marketable product to ensure Australia’s creative and innovative spirit continues to shine on the global stage.”

The Celebration of Innovation was a showcase and networking event attended by many local businesses who made the most of the chance to discuss their projects with the Minister, representatives of the Federal R&D Board and AusIndustry staff.

“These types of events are a great opportunity to bring people with fresh ideas for commercial success together with people who have already succeeded as well as those who can offer them assistance and advice,” said Mr Macfarlane.

“This is just one of the ways the Howard Government is promoting the fact that an investment in innovation leads to increased company health and supports corporate longevity- basically it’s good for the bottom line,” he said.

AusIndustry information at www.ausindustry.gov.au or on the hotline 13 28 46.

Media Contact: Kirsty Boazman, (02) 6277 7580, Mobile: 0412 171 444

Email: kirsty.boazman@industry.gov.au Web site: www.industry.gov.au

CMR03-046