Member for Groom John McVeigh is encouraging local companies to do their research into what grants are available after witnessing first-hand the difference Federal Government assistance can make.
Dr McVeigh recently toured Toowoomba Engineering’s Torrington headquarters to see what they had put their funding towards after successfully bidding for an Accelerating Commercialisation grant under the Federal Government’s Entrepreneur’s Programme.
“Toowoomba Engineering was one of 12 businesses across Australia to secure funding under this round of funding and it goes to show that local businesses on the Darling Downs continue to push the boundaries on innovation in all fields ” Dr McVeigh said.
“These grants help businesses undertake development and commercialisation activities like product trials licensing and manufacture scale-up which are essential but often challenges steps in taking any new product to market ” he said.
“It was a great opportunity to tour a local family-owned business with a reputation for providing quality products to the agricultural industry. The Darling Downs is not only famous for the quality produce that emanates here but for the companies that support the agriculture industry.”
Toowoomba Engineering Director Scott Farquharson recently escorted Dr McVeigh through the company’s fabrication and metal manufacturing division with a focus on the new product the grant funding will bring to market.
“We will use the Government funding for commercializing a new precision planting system using a tyne ” Mr Farquharson said. “The new precision planter will focus primarily on planting canola in the short-term with a long term focus on a broader range of summer and winter crops.”
“While precision placement has been widely used for many summer crops such as corn sorghum and cotton it was not until recently that winter crops have been planted with precision seed placement ” he said.
“This new technique has the ability to increase farmer profits through a combination of reducing input costs and increasing yield.”
Mr Farquharson said the company would be completing its pre-commercialization research in April and May before finalizing design in preparation to build its first commercial machines ready for the 2019 winter plant.
“The Accelerating Commercialisation government funding will increase our speed to market by a few years and access markets more broadly across Australia. It could not have come at a better time for this project.”
More information on the support assistance and eligibility criteria for the grant programme is available at: https://www.business.gov.au/assistance/entrepreneurs-programme/accelerating-commercialisation
Caption: Toowoomba Engineering Director Scott Farquharson and Member for Groom Dr John McVeigh tour the company’s fabrication and metal manufacturing division recently.