A Burleigh Heads business has been given a grant of nearly $37,000 from the State Government to develop an energy saving software system.
Watt Utilities received the money through Advance Queensland’s Knowledge Transfer Partnership program. They’ll use the money to collaborate with a Griffith University software programming masters graduate – allowing them to bring the system to market faster.
The proprietary software system called Run Your Own Tender has the potential to deliver energy savings for businesses by encouraging electricity consumers to switch to more efficient devices and appliances.
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Watt Utilities Managing Director Michael Newton says the software was originally designed to just streamline his business, but it now “incorporates internal and external stakeholders like electricity retailers, metering providers, brokers and direct customers.”
“It will facilitate a range of services, including energy auditing capabilities, monitoring of energy efficiencies, data collection and automatic bill verification.”
Mr Newton says the State Government grant “will help us bring this product to market faster and at a reduced cost.”
Watts Utilities was one of seven businesses across Queensland to receive funding in the latest round of the Knowledge Partnership Program, which provides up to $50,000 towards the cost of placing an Honours, Master or PhD graduate to work on an innovative project with potential to drive economic growth for Queensland.