Phillipa at Our Patch reports that:
Two innovative local companies, Axis Cranks of Lismore and Metal Science Technologies of Alstonville, have each received a $64,000 funding boost to launch their products into the commercial market.The grants have been awarded as part of the Federal Government’s $3.6 million Commercialising Emerging Technologies (COMET) grants, designed for Australian small businesses with great ideas that haven’t yet attracted investors........
The Federal Member for Page, Janelle Saffin, visited South Lismore’s Axis Cranks Factory today to congratulate managing director Mark Fisher (pictured) and his wife on being one of 57 small businesses nationwide to receive the grant.
Five years ago, Mark came up with the idea of developing a technological device for measuring force that can be applied to the pedals of a bicycle, giving riders crucial data to optimise performance and bike set-up. He had his company up and running three years later.........
The second local company to be awarded a COMET grant is Alstonville-based Metal Science Technologies, which has spent three years developing a mobile electropolishing machine for post-weld finishing of stainless steel.The machine recently was featured on ABC TV’s New Inventors program and won its particular episode.
Tuesday, 14 October 2008
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