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Six clever Victorian projects score $5.6 Million.



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Media Release The Hon Ian Macfarlane, MP

15 June 2005

SIX CLEVER VICTORIAN PROJECTS SCORE $5.6 MILLION

A new approach for treating cancer and an automated waste-processing plant are among six of the latest Victorian projects to receive funding under Australian Government innovation programs.

Industry Minister Ian Macfarlane today announced innovation grants worth $22 million for 22 of the nation’s most promising innovators - including more than $5.6 million for Victorian companies.

“Victorian business has a strong innovation record and this latest funding will help bring to market another six clever products,” Mr Macfarlane said.

“Each project is a great example of Australian ingenuity that just needs a helping hand from the Government to make it through to commercial reality.”

The Victorian companies to receive innovation grants include:

• Industrial Conveying (Aust), of Bendigo, awarded a $1,391,772 Commercial Ready grant for a modular waste-processing and recycling plant that will improve sorting and recycling of household waste. [Contact: Mr Don Erskine 03 5440 5100] • Iliad Chemicals, of Bundoora, awarded a $636,462 R&D Start grant to develop vascular targeting agents, using Iliad’s MultiCore technology, as a new approach for treating cancer. [Contact: Dr B Flynn 03 9479 2539] • Rofin Australia, of Dingley Village, awarded a $1,930,853 Commercial Ready grant to develop its medical light source instrument to be used for the treatment of a range of dermatological conditions including basal cell carcinoma. [Contact: Mr S Fraval 03 9558 0344] • Coolrock Software, of Richmond, which was awarded a $335,805 Commercial Ready grant for a system for email compliance and management. [Mr H Okraglik 0400 866 249]

“The Australian Government is committed to supporting the innovations that benefit the community, encourage business investment, and improve our international competitiveness,” Mr Macfarlane said.

“Our new flagship innovation program, Commercial Ready, is providing $200 million a year for business innovation, while the COMET program has been boosted with an extra $100 million in Government funding.”

A full list of the latest innovation grants is at www.ausindustry.gov.au

Media Contact: Helen Mathers 02 6277 7580 or 0419 342 582.