The Industry Growth Program provides support to help businesses commercialise innovative products, processes, and services, with the latest round of funding backing five projects aligned with the National Reconstruction Fund’s priority areas.
Bioborne has received $2,267,343 to scale its AI-powered closed-loop microalgae production system, which is being developed to create bio-fertilisers aimed at improving crop yields following successful trials.
C Sea Solutions has been awarded $2,107,300 to expand production of its seaweed-based material Uluu, a sustainable alternative to plastic packaging, with funding supporting trials, certification, and early commercialisation, including initial sales for cosmetic packaging.
Seascape Restorations Australia, trading as Immersion Group, has secured $750,000 to develop a patented photobioreactor system for cultivating native seaweed capable of reducing methane emissions, alongside new patent applications and feasibility validation of its modular design.
Aston Dynamics has been granted $1,500,000 to finalise prototypes of its hydraulic jet technology for electric trailer brakes and accelerate manufacturing scale-up and international market entry.
Levur has received $250,000 to advance its precision fermentation technology for producing sustainable palm oil alternatives used in cosmetics, nutraceuticals, and food products.
Overall, the program also offers tailored advisory services and matched grant funding to help startups and SMEs grow and bring innovative solutions to market.
