More than $5.4 million will support 9 value-add projects in agriculture, forestry and fisheries, 11 value-add projects in resources, two projects in renewables and low emission technology and two projects in medical science.
This brings the total number of projects funded under the AEA Seed pilot program to 45.
Department of Education Acting First Assistant Secretary of the Research Division Dr Anthony Millgate said that the AEA program was placing university innovation and industry collaboration front and centre of Australia’s economic recovery.
“The Australian Government is investing $1.6 billion through AEA to translate innovation and ideas for the benefit of all Australians,” Dr Millgate said.
“The program is led by experts who have experience and knowledge in research and commercialisation, and represent government, industry and research sectors.
“Through AEA we are investing in research in the National Reconstruction Fund’s priority areas which 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 is a pilot program 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 program is supporting Australia’s leading entrepreneurial researchers transform world-class research into the new industries, services and jobs of tomorrow.