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$700,000 boost to clever NSW companies.



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

Media Release - 30 July 2004

$700,000 boost to clever NSW companies

A computer-controlled solar tracking device designed to maximise power generation from the sun is a step closer to commercial reality today thanks to a $52,000 Federal Government grant.

Federal Industry Minister Ian Macfarlane officially announced the grant to Parramatta-based inventors Bailey Innovations, one of 17 New South Wales companies to share in $741,000 under the latest round of Commercialising Emerging Technology (COMET) grants.

“COMET is there to help individuals, early-growth firms and spin-off companies beat down the barriers to putting a new product on shop shelves.”

In the case of Bailey Innovations, this means providing help to manufacture, distribute and launch their Solar Active product in Australia and overseas.

“Solar Active is a great Australian idea, with tremendous export potential, that will boost clean, renewable power generation.

“By using computers to orientate solar panels for maximum power output, Solar Active also complements nicely the Government’s sustainable energy initiatives, particularly the Solar Cities trial,” said Mr Macfarlane.

The Australian Government is committed to supporting New South Wale’s growing culture of innovation, which is spawning world-class inventions and driving economic growth.

Other New South Wales companies to receive funding under the latest round of COMET grants include:

• Reading Systems - $52,000 to develop software that increases reading learning take-up; • Software4rent.Biz - $52,000 for a product allowing users to rent software over the Internet via an automated system; • Native Fire Actives - $52,000 to develop environmentally friendly pesticides; and • Retail Knowledge and Learning Centre - $52,000 for a web-based training and educational system for retailers.

More than $2.3 million in COMET grants was awarded to 52 companies across Australia. A full list of recipients is available at www.ausindustry.com.au

Media contact: Kirsty Boazman 02 6277 7580 Mob 0412 171 444

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