A $485,000 grant from Commercialisation Australia will help a South Australian company to commercialise an innovative product designed to address the problems of transporting large volumes of grease over vast distances.
The logistical management of grease is expensive in Australia because it is typically produced in cities and consumed in regional centres; for example grease produced in Brisbane may be consumed in Karratha, WA.
The Very Large Grease Container (VLGC) developed by Transtainer Sales and Leasing Pty Ltd, based in Dry Creek SA, has the capacity to transport large volumes of grease, hygienically, cheaply and quickly over vast distances.
The giant reusable storage and transportation unit has a capacity of 20,000 litres and has an inner bladder, much like a giant hot water bottle, which is compatible with hydrocarbons.
The VLGC reduces the carbon foot print by transporting at least twice the quantity of grease on the back of a truck, compared to the nearest comparable container.
The project will allow Transtainer to deploy VLGC to prove the logistics concept and systems, and to develop an IP protection strategy and a full suite of materials for potential investors.
The latest funding offers from Commercialisation Australia means a total of 375 Participants have been provided with $147.8 million in assistance since January 2010.
“There are many Australian people and organisations with new and exciting ideas, but the pathway to the market can be problematic,” says Commercialisation Australia CEO Doron Ben-Meir.
“Commercialisation Australia funding helps companies navigate the so-called ‘Valley of Death’ between promising intellectual property and a commercially viable business, which in turns delivers jobs, skills and prosperity to Australia.
“Increasing our focus on entrepreneurship, innovation, and new business growth is the key to renewing and growing the Australian economy. Through Commercialisation Australia, the Australian Government helps our best and brightest local entrepreneurs identify and maximise their commercial opportunities.”