Queensland's bright ideas draw $3.2M in R&D funding
Wednesday, 02 July, 2003
An underground tunnelling system for use in mines, a portable device that records bad driving habits and a new treatment for skin disorders are examples of the innovative Queensland projects to be offered funding in the latest round of the Federal Government's R&D program.
The Federal Industry Minister, Ian Macfarlane, announced that five Queensland companies have been successful in the highly-competitive research and development program.
"This program is so competitive, only about half the applicants make the grade for funding. These five Queensland recipients are being offered a total of more than $3.2 million which will help each of them move their projects from the concept to the proof stage," he said.
In the first round of R&D Start for 2003, 29 companies around the country have been offered a total of almost $26.5 million.
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