Innovative company in Sturt with $433,214 funding boost
I am pleased to announce that an innovative company in Sturt has just won a $433,214 funding boost from the Australian Governmentâ€™s Accelerating Commercialisation (AC) grants. Fivecast Pty Ltd, based in Kent Town, has been offered this grant to assist in the development of Artificial Intelligence technology.
The support to Fivecast will encourage other local businesses to develop innovative ideas. Businesses in the Sturt electorate can enhance their success, both locally and globally, through partnerships with the government.
The AC grants, as a part of the Australian Governmentâ€™s Entrepreneursâ€™ Programme, will also help businesses be able to accelerate the development of innovative technology and commercialise their high quality products, keeping Australian businesses competitive and promoting economic growth.
These grants are a fantastic support mechanism for business innovation, and it is great to see that a local Sturt-based company will be able to benefit from this funding boost.
More information on the AC grant recipients is available at www.business.gov.au/ac-funding-offers. Accelerating Commercialisation grant applications can be lodged at www.business.gov.au/ep, and for more information on the Entrepreneursâ€™ Programme visit www.business.gov.au/assistance/entrepreneurs-programme.