February 22, 2024

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Government Funding to Support State’s Best Emerging Innovators in Western Australia

The Government of Western Australia has awarded $385,000 to innovators across the State to help commercialise their ideas and create new jobs. A total of 21 start-ups and small and medium enterprises (SMEs) have been awarded up to Au$ 20,000 each through the Innovation Vouchers Program, which aims to assist Western Australian innovators.

The program rewards exceptional Western Australians who have developed innovative products, technologies or services by providing funding to access professional skills, services or commercial knowledge. Vouchers are awarded in four categories – Research and Development, Product Development, Technology Transfer and Intellectual Property, and Commercialisation Support Services.

First launched in 2011, the Innovation Vouchers Program is now part of the State Government’s Investment Attraction and New Industries Fund to attract investment and promote the economic diversification of WA.

Since the launch of the program, the State Government has awarded 199 vouchers worth approximately AU$ 3.7 million to promising early-stage businesses through the Innovation Vouchers Program. Many previous voucher winners have since grown exponentially, expanded into international markets and built local workforces in WA.

Applications were received from across the state and this year’s recipients include several innovative ideas with a transformative social impact. One recipient of this year’s program is a medical device that helps ventilate children’s middle ears as they swallow, designed to provide non-invasive treatment for children suffering from Otitis Media with Effusion (OME), commonly known as glue ear. The technology has the potential to avoid the need for surgery and reduce developmental delay caused by hearing difficulties, addressing an unmet clinical need with an innovative solution.

The Belmont MLA stated that the medical device is such an innovative product with life-changing potential for children with glue ears and it is exciting to have the manufacturing and engineering capacity to produce the device here locally in Belmont.

The Innovation Vouchers Program assists WA innovators to continue commercialising their products and creating local jobs – and I am delighted to see Belmont-based business the medical device is set to receive an AU$ 20,000 voucher through the latest round of this program.

The medical device was engineered and is now being manufactured locally by a local tech company in Belmont, demonstrating the local job-creating power of home-grown innovations supported through the McGowan Government’s Innovation Vouchers Program. The medical device will use the $20,000 voucher funding for registering its intellectual property.

The Innovation and ICT Minister of WA stated that innovation is key to diversifying the State economy and the WA Government is committed to assisting growing businesses to help turn ideas into reality. In the first ten years of the Innovation Vouchers program, the Government has funded 199 start-ups and SMEs by providing an estimated $3.7 million to help them grow, flourish and succeed.

The Minister also congratulated the 2021 Innovation Vouchers Program recipients and wished them success in using the funding to create a business that brings jobs to Western Australia. As both Minister for Innovation and Minister for Disability Services, he said it was good to see innovators using technology to provide greater choice and control to people with disabilities on this year’s list of recipients.

About the Innovation Vouchers Program

The Innovation Vouchers Program is an initiative of the WA Government’s New Industries Fund, which assists start-ups and small businesses to commercialise their ideas and innovations and expand to create jobs. Applications for the 2021 round are now closed.

Under the New Industries Fund, the Innovation Vouchers Program objectives are:

  • Stimulate the WA start-up and small business sectors by supporting innovation initiatives.
  • Decrease the commercialisation gap.
  • Activate industry-government-research collaborations.
  • Increase research and development (R&D) investment into WA.
  • Promote job creation and economic diversification in WA.

The purpose of the Innovation Vouchers Program is to:

  • help develop new or enhanced commercially-ready products or services
  • establish prototypes, processes or systems to attract additional investment
  • address a particular technical problem that cannot be solved by the applicant, or for which the solution is not readily available.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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