Australia makes $400,000 available to Adelaide and South Australia universities to boost commercialisation.
Australia’s government has granted $400,000 to Adelaide and South Australia universities to foster stronger commercialisation programmes at both institutions.
The funding will be granted to the tech transfer offices (TTOs) of the universities, Adelaide Research and Innovation and ITEK. The funding will be used to give the TTOs greater capacity for securing patent protection for intellectual property coming out of the universities.
Rob Chalmers, managing director at Adelaide Research & Innovation, said: “Filing patents can be very expensive and it can be difficult to justify this investment at a stage before the commercial and market potential of the research has been properly tested. This extra funding support is very welcome and means that we can give more discoveries and innovations a go with potentially significant benefits for the state and economy.”
