Innovation and ICT Minister Dave Kelly today announced a record number of Innovation Vouchers Program (IVP) recipients across the State, with funding for the program totalling almost $690,000.
The McGowan Government has awarded 36 vouchers, each valued up to $20,000, including an additional 16 vouchers to help respond to the impacts of COVID-19 on Western Australian businesses.
The IVP, which is part of the $16.7 million New Industries Fund, rewards exceptional Western Australian start-ups and small to medium enterprises (SMEs) that have developed innovative products, technologies or services.
The vouchers help them commercialise their ideas and innovations through access to research providers and specialist commercialisation support services.
One of this year’s recipients, local robotics company Nexxis, are developing their smart industrial robotic arm technology to improve technical support, testing and safety in mining, offshore oil and gas and industrial applications.
Another standout application from this year’s program was from medical technology start-up VeinTech which has designed a handheld ultraportable unit to help find veins faster and more accurately for cannulation.
Recipient’s innovations and ideas have the potential to bring an economic, social or environmental benefit to the State, as well as create local jobs and help diversify the economy.
More information about the awards is available on the New Industries Fund website at https://www.newindustries.wa.gov.au/opportunity/innovation-vouchers
As stated by Innovation and ICT Minister Dave Kelly:
“The Innovation Vouchers Program is designed to help Western Australian businesses and individuals overcome the many hurdles that can lie on the path to commercialisation.
“The McGowan Government is committed to creating local jobs and providing assistance to the many Western Australian businesses and individuals impacted by COVID-19, and we’re very pleased to support a record 36 voucher recipients this year.
“I am looking forward to hearing of the many success stories as these recipients use their funding to develop their innovation, grow their business and ultimately boost our economy.”
