$400,000 to help local business bring new products to market
Federal Member for Page Kevin Hogan said Life Cell Marine Safety will now turbocharge its expansion plans with a Federal Government grant of almost $400,000 to help commercialise its new life-saving device, known as Life Cell.
“This is great news for the company, which needs help to bring its life-saving product to market, and also for the Australian community at large who will benefit from it,” he said.
Life Cell Marine Safety, based at Corindi Beach, has developed a new marine safety device to reduce the number of people who lose their lives at sea.
The product, Life Cell, is a buoyancy device that stores all essential marine safety equipment and is designed to float-free from its bracket.
Entrepreneurs’ Programme commercialisation support will be used to help commercialise this innovative product in overseas markets, thereby increasing export income for our community and also improving marine safety globally.
“Life Cell Marine Safety has showed a great deal of initiative in developing Life Cell,” Mr Hogan said.
“Innovation is central to the Federal Government’s plan to grow the Australian economy and I’m very pleased to support Life Cell Marine Safety which is contributing to the success of our community.
“Ultimately our policies are focused on helping Australians to put more money in their back pocket, through the creation of new jobs and better jobs.
With the commercialisation advice and funding through the Entrepreneurs’ Programme, Life Cell Marine Safety will be able to Life Cell to market and save lives at sea.”
The Entrepreneurs’ Programme offers support to help entrepreneurs, researchers and businesses address key challenges on the pathway to commercialisation.
For more information on how to apply for Entrepreneurs’ Programme commercialisation grant go to business.gov.au/ep.