Federal grants go to the rapids and the weeds | Liverpool City Champion
A first in Australia, a high-performance electric motorcycle and seawood to reduce methane in cows are among 10 innovative projects to receive federal funding.
The projects will be shared nearly $ 6 million from the Government’s Marketing Fund.
“These grants allow companies to undertake commercialization activities such as research and development, invest in technologies that will help them expand their operations and secure additional investments to grow even more,” said the Acting Minister of Industry Angus Taylor.
Melbourne-based Savic Motorcycles received $ 657,481 to complete the development of its electric motorcycle to roadworthiness certification.
Bikes can reach 100 km / h in 3.5 seconds and are touted as costing 80% less to ride than a standard machine.
The Tasmanian Marine Forest received $ 675,000 to help it establish a processing and manufacturing plant for its seaweed products, which, when included in very small amounts as a dietary supplement, significantly reduce the livestock methane production.
The Sydney-based Commonwealth Steel Company will use $ 750,000 to recycle tires, conveyor belts and rubber boots to generate carbon and hydrogen, and incorporate them into the steelmaking process.
The process will reduce the company’s carbon footprint and improve sustainability and productivity.
Grants range from $ 100,000 to $ 1 million, with funding representing no more than 50 percent of total project costs.
Associated Australian Press