Life Cell Marine Safety has been awarded an Accelerating Commercialisation Grant by the Australian Government to assist in the commercialisation of Life Cell, an innovative buoyancy device that stores all essential marine safety equipment and is specifically designed reduce the number of people that lose their lives at sea.
Accelerating Commercialisation is a key offering under the Entrepreneur’s Programme, and aims to help Australian entrepreneurs, researchers, inventors, start-ups, Commercialisation Offices and small and medium enterprises address the challenges associated with commercialising novel intellectual property in the form of new products, processes and/or services.
Life Cell Marine Safety is extremely pleased to receive this grant, as it will assist the company to achieve international certification and expand into international markets, thereby increasing export income for Australia. Chief Executive Officer, Jenny Aiken, said the grant would provide Life Cell Marine Safety the ability to grow into the United States, which is a significantly larger market than Australia. “The Accelerating Commercialisation Grant provides monetary support from the government but also the opportunity to access guidance from experienced advisors to assist in business development and exposure to potential investors”. “We are extremely excited to be part of such a supportive and nurturing programme and are grateful for the much needed assistance that the Government is providing us.
Furthermore, this grant will assist Life Cell to have an impact on marine safety internationally and fulfil its vision of reducing the number of lives that are tragically lost in boating accidents.”