Twenty-three small and medium businesses will share in more than $2 million from the Federal Government’s Business Research and Innovation Initiative (BRII).
The BRII aims to support early-stage development of solutions to tackle five government policy and service delivery challenges.
Five projects have been funded under the BRII’s Turning office trash into energy treasure challenge, with total grants of $493,285.
Administered through the Australian Renewable Energy Agency, Turning office trash into energy treasure is looking to conduct an analysis of waste streams from an office building in order to design and build an energy recovery pilot facility.
One of the firms involved is Finn Biogas, a Queensland company which will test an economically viable way to break down organic waste from buildings.
Jet Technology Corporation, Nilwaste Energy, Pyrocal and ReGround have also received funding.
Industry, Science and Technology Minister Karen Andrews said successful projects may be eligible for a further grant of up to $1 million to develop a prototype or proof of concept, following feasibility tests.
“This initiative is giving Australian businesses with clever ideas the opportunity to develop them further, with the potential of creating products that will benefit the community and the Australian economy,” she said.
“Government agencies will have the option to purchase any of the developed products, which have been specifically tailored to meet national challenges.
“We had a record 220 applications for this BRII round, showing how competitive the process is – and competition produces results.”