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Government helping business in Bradfield commercialise clever idea
The Morrison Government is supporting a local company in Bradfield to take its innovative Recycling and Clean Energy project to the next level.
ActionLaser Pty Ltd in Hornsby will share in more than $7.1 million from the latest round of grants under the Government’s $30 million Commercialisation Fund to produce its ‘MeltFilter’ discs for use in polymer and plastic recycling machines.
Minister for Industry, Science and Technology Christian Porter said the Commercialisation Fund supports Australian manufacturers to take their valuable innovations through the commercialisation phase and unlock new economic opportunities.
“The Government is supporting Australian manufacturers in key priority areas to refine their products and processes and take on new local and international markets,” Minister Porter said.
“These grants will enable companies to undertake further research and development activities, improve engineering and design elements and invest in new technologies, so they can scale up operations and improve productivity.
“By providing the right economic conditions for manufacturers to secure further investment opportunities and realise their potential, the Government is also building Australia’s global competitiveness.”
Federal Member for Bradfield, Paul Fletcher said ActionLaser will use its $558,500 grant to take its product to the next level, and is a local success story.
“This project will not only see the commercialisation of ‘MeltFilter’ disc manufacturing but also the opportunity to grow jobs in Bradfield,” Mr Fletcher said.
“The whole Bradfield community will be watching on as ActionLaser progresses through their commercialisation journey and I congratulate them for their work on such an innovative project.”
This funding supports projects within the Government’s six National Manufacturing Priorities; Medical Products, Food and Beverage, Resources Technology and Critical Minerals Processing, Recycling and Clean Energy, Defence, and Space.
Grants are between $100,000 and $1 million, with funding to make up no more than 50 per-cent of total project costs.
The fund is administered by the Advanced Manufacturing Growth Centre (AMGC), in collaboration with the five other Industry Growth Centres: AustCyber; Food Innovation Australia Ltd (FIAL); MTPConnect; METS Ignited and National Energy Resources Australia (NERA); and the CSIRO.
For more information on the Commercialisation Fund and other successful projects go to https://www.amgc.org.au/projects/.