LX Innovations has announced the availability of a new government grant scheme beginning in January 2010. These new government grants can help businesses by providing the funds necessary for the development of electronic, firmware and software concepts, prototypes and products.
The Australian Government is establishing Commercialisation Australia, as announced in the 2009-10 Budget, to offer a radical new approach to commercialising promising Australian research and ideas. The grants are specifically designed to help researchers, entrepreneurs, and cutting edge firms turn ideas into viable products and ventures.
The grants offered by the Commercialisation Australia scheme include:
- Proof of concept grants with offerings of $50,000 to $250,000 to examine the suitability of ideas and concepts in the commercial market place
- Repayable grants from $250,000 to $2,000,000 to advance products or concepts to the marketing stage
- Up to $50,000 to retain expert services and advice
Prototypes are an important resource for securing management approvals, grants, investors, pre-sale orders and encouraging product development in order to introduce new electronic designs into the commercial arena in a timely manner.
Director and founder of the LX Innovations, Simon Blyth, believes that developing electronics via the use of prototypes in a fast and efficient manner is key to the success of an electronic, software or firmware product. LX Innovations can produce this type of prototype in just three days.
In addition, LX Innovations has the experience and expertise to take a prototype through each stage of the design process up to completion and into the market place.
Commercialisation Australia Grants may provide the ideal opportunity to develop an electronics, firmware or software concept. LX Innovations can assist with applying for the grant, develop a prototype or rapid prototype, product development, and if required assist with manufacture and marketing.
LX Innovations are specialists in the development of low power electronic design and wireless design.