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Thirty-six new projects are being funded through Australia’s Economic Accelerator (AEA) Seed pilot program with a focus on transport, defence and enabling capabilities.
The Australian Government continues to invest in the translation and commercialisation of research with more than $11 million of grants awarded in the final tranche of AEA Seed.
The funding is split across 3 priority areas, with 13 projects in defence capability, 19 projects in enabling capabilities and 4 transport projects obtaining grants.
Projects include using lasers to improve the safety standards of a self-driving cars, deploying AI to undermine and deter phone scammers and commercialising a drug to protect internal organs from radiation.
More than $26 million has now being invested in nearly a hundred projects through the AEA Seed program.
The Australian Government continues to invest in projects that drive business innovation and solve challenges to the benefit of all Australians.
The final tranche of AEA Seed funding represents 3 of the Australian Government identified priority areas for the economy (outlined in the National Reconstruction Fund Corporation (Priority Areas) Declaration 2023), with special emphasis on projects that focus on advanced and additive manufacturing technologies.
These priority areas are designed to drive investment in key sectors, focusing on value adding and capability development to leverage Australia’s natural and competitive strengths.
AEA Seed was a pilot for the stage one proof-of-scale grants known as AEA Ignite and forms part of the Australian Government’s $1.6 billion investment in AEA.
The AEA is supporting Australia’s leading entrepreneurial researchers to transform world-class research into the new industries, services and jobs of tomorrow.
For regular updates on the AEA, follow the AEA LinkedIn page. Find out about the successful projects here.