$495,000 helps Sturt business bring new products to market
Local Sturt business, AML Technologies Pty Ltd has been offered a $495,000 kickstart from the Australian Government to help get their new large scale 3D metal printing into market.
AML Technologies is one of 24 Australian businesses that will benefit from $11.2 million in commercialisation grants offered under the Australian Government’s Entrepreneurs’ Programme, with each business matching the grant dollar-for-dollar.
These businesses have all developed innovative new products, processes and services for a range of industries but need financial support and expert advice to bring these bright ideas to market.
Member for Sturt, the Hon Christopher Pyne welcomed the grant offered to AML Technologies which is based in Tranmere in the electorate of Sturt.
“AML Technologies has been awarded this money from the Turnbull Government to help establish a contract bureau for large scale 3D metal printing,” Mr Pyne said.
“It’s great that they will be supported to undertake commercialisation activities to prove the viability of this great idea.”
“Innovation is central to the government’s plan to grow the Australian economy and I’m very pleased that AML Technologies will be assisted to navigate what is often a challenging stage of product development.”
Industry, Innovation and Science Minister Arthur Sinodinos said innovation was vital to improving people’s lives by creating new businesses and helping existing businesses grow.
“Ultimately our policies are focused on helping Australians to put more money in their back pocket, through the creation of new jobs and better jobs,” Senator Sinodinos said.
The Entrepreneurs’ Programme’s Accelerating Commercialisation element offers support for entrepreneurs, researchers and businesses to address key challenges on the pathway to commercialisation.
To date, 234 Australian businesses have benefited from over $117.1 million in Australian Government funding, as well as support from experienced advisers, to help commercialise new products, processes and services.
For more information on how to apply for Entrepreneurs’ Programme commercialisation grant go to business.gov.au/ep
Further information on the grants recipients can be found at business.gov.au/ac-grant-recipients