Twelve Western Australian innovators have received a share of $468,000 in funding through the latest round of the Innovation Booster Grant (IBG) program. This initiative is designed to support local entrepreneurs in turning their ideas into commercially viable businesses.
Among the recipients is a health startup that has developed a non-invasive method for detecting heart attacks, marking a significant breakthrough in medical screening. Other funded projects include the use of artificial intelligence (AI) to create video-based training courses, a height safety work bucket, and a sustainable alternative to chemical herbicides in the cotton industry.
The IBG program received a record-breaking 250 applications, reflecting the high demand and competitive nature of the funding. More than half of the recipients are leading female-founded businesses or projects from regional areas, aligning with the State’s priority to promote diversity and inclusion within its Innovation Strategy.
The funds can be used for a variety of purposes, including research and development, product development, technology transfer, intellectual property, and commercialization support services. The goal of the program is to help innovators overcome challenges and build valuable connections with consultants and service providers.
Since its inception in 2022, the IBG program has awarded over $5.2 million to 152 local innovation projects, fueling the growth of Western Australia's startup ecosystem.