Ross Vasta MP

Federal Member for Bonner

Stay in touch with Ross:

Wynnum Jetty

WORKING FOR YOU
IN BONNER

LYTTON MANUFACTURER RECEIVES FEDERAL GRANT FOR CUTTING-EDGE PRECISION ROBOTIC SYSTEM

Thursday, 17 May 2018

LYTTON MANUFACTURER RECEIVES FEDERAL GRANT FOR CUTTING-EDGE PRECISION ROBOTIC SYSTEM
Lytton company Advanced Robotic Technology (ART) is one of the successful recipients of a grant provided under the Accelerating Commercialisation element of the Australian Government’s Entrepreneurs’ Programme, Federal Member for Bonner Ross Vasta said today.

ART has developed an advanced robotic structural steel processing system that has the potential to help Australian firms better compete with cheap imported fabricators through lower costs, quicker turnaround and superior accuracy.

Director of ART David White said the grant funding would enable the company to transition from R&D to a production product.

“This grant will help us cover the costs of building and installing a prototype system here at our Brisbane facility,” Mr White said.

“It will also help us complete and transport a display model they we can use for real-world demonstrations in Australia and overseas. This will help us generate leads with companies that are crying out for this kind of product, because we’ll be able to actively demonstrate the efficiency of this system in an industry neutral environment.”

Mr Vasta, who today visited ART with Minister for Jobs and Innovation, Senator the Hon Michaelia Cash, said it was great to see a local company receiving government support to develop and build world-class technology.

“This is a world-leading product that will boost productivity and allow workers to move up to higher-skilled jobs,” Mr Vasta said.

Minister Cash said she was pleased to be visiting ART to see how the Government’s funding will assist them to take their ideas to the market.

“The Entrepreneurs’ Programme supports businesses to develop and commercialise ideas that will improve business capability and competitiveness, promote economic growth and create jobs,” Minister Cash said.

Mr White said the government’s support had been invaluable for ART to develop the technology.

“Without the R&D Tax Incentive Scheme, it would not have been viable for us to invest the necessary funds that have been required to develop this level of technology. It’s been pivotal to help us recoup costs, which has in turn encouraged further development,” Mr White said.

“The assistance available through schemes like the Entrepreneurs’ Programme and the R&D Tax Incentive provides a high level of confidence that the Government is backing Australian innovation.”

More information on Accelerating Commercialisation: https://www.business.gov.au/assistance/entrepreneurs-programme/accelerating-commercialisation

More information on the R&D Tax Incentive: https://www.business.gov.au/assistance/research-and-development-tax-incentive



Related Articles

ROUND THREE OF SAFER COMMUNITIES FUND NOW OPEN Member for Bonner Ross Vasta has called on local councils and community organisations in Bonner to apply for a share of up to $1 million in funding th...
$29.7 Million on Offer for Local Sport Clubs Federal MP Ross Vasta is encouraging local sporting groups in Bonner to take advantage of the Coalition’s Community Sport Infrastructure Grants ...
FUNDING FOR BONNER SERVICES FOR FINANCIALLY VULNERABLE Member for Bonner Ross Vasta has called on local service providers to apply for funding to help them support financially vulnerable Australians access...
BRISBANE METRO BRIEFING TO OUTLINE BUSINESS OPPORTUNITIES Construction of the Brisbane Metro is a step closer with more than 200 business leaders from local and international companies expected to attend a sp...
TINGALPA BUSINESS RECEIVES $1 MILLION TO COMMERCIALISE X60 TRUCK Australian Government funding will benefit a Tingalpa business to develop and commercialise their state-of-the-art mine haulage truck. Loadpro Aust...
Home  |  About Ross  |  Bonner  |  Media  |  Surveys  |  Community Hub  |  Business Hub  |  Delivered  |  Awards  |  Contact | Privacy Policy & Disclaimer | Accessibility Policy | Site by Datasearch Web Design
© Ross Vasta MP | Authorised by Ross Vasta MP, Liberal National Party, 69 Clara Street, Wynnum QLD 4178 | Login