Seaweed that reduces the methane in cow burps and farts, a low-gluten barley for coeliacs, and facial recognition technology that assesses pain in people who can’t talk are among the projects set to attract funding under the Turnbull government’s new $200 million innovation fund.
Science Minister Greg Hunt will on Sunday officially launch the CSIRO Innovation Fund, which aims to commercialise innovative projects from the CSIRO, universities and other research bodies.
The government, which is chipping in $70 million, hopes the fund will turn innovative start-ups into businesses that create jobs and boost exports. The fund is a key element of the innovation agenda announced by Malcolm Turnbull in the early days of his prime ministership last year.
“This fund will bridge the gap between science and industry,” Mr Hunt said. “It will allow our innovators to meet industry half way by developing investable propositions, enabling our scientists to get their product to market more rapidly. Read more..