Six tech innovators from the Gold Coast have been awarded Advance Queensland funding to help them launch their ingenious products into global markets.
Innovation Minister Leeanne Enoch today announced the Gold Coast recipients who will share in $918,500 first round Advance Queensland Ignite Ideas funding.
“The Government’s Advance Queensland Ignite Ideas program is designed to help businesses get products to market faster, boosting business growth and creating jobs for Queenslanders,” Ms Enoch said.
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“Ignite Ideas was created to help businesses who are ready to take their innovative ideas to the next level and create products and services with global market potential.
Helensvale-based company V2i received $250,000 to commercialise “V2i Realtime” – a next-generation 3D immersive virtual reality technology.
The technology allows for immersive collaboration in digital spaces, the visual representation of complex information, and a range of innovative design and business oriented tools that reduce overall project lifecycle costs.
Southport-based Magnix Technologies Pty Ltd received $125,000 to build a prototype superconducting homopolar generator – a highly-efficient DC generator – that creates high currents at low voltage with almost no generation losses, making it ideal for current-intensive processes such as hydrogen fuel production.
The other recipients are:
- Axis Energy Group Pty Ltd – $100,000 for optimising their innovative wind turbines
- Pimovation Pty Ltd – $100,000 for front-end planning software to help project managers
- Arthritis Relief Plus Limited – $93,500 to help launch their patented joint pain relief cream
- Opmantek Ltd – $250,000 for their “internet of things and bring your own device” management system
Ignite Ideas targets businesses with fewer than 200 staff that have a working prototype which is ready to be tested in the market place.