Victorian IT companies have been invited to solve 11 technology challenges as part of a $16 million state government program to drive business innovation.
The Driving Business Innovation program invites small to medium businesses to partner the Victorian government in creating solutions to government tech challenges.
It provides SMEs with access to funding, customers and collaborators, where the organisations partner with government agencies to co-develop a new technology product or service through a step-by-step development process.
Successful SMEs will be granted $75,000 to undertake a feasibility study into their proposal, which will then be assessed for a possible $1 million grant to develop a proof-of-concept.
Innovation, services and small business minister, Louise Asher, said the challenges covered water and waste management, health and agriculture.
“The new program will see Victorian SMEs creating and testing new marketable products or services,” she said.
“Participating Victorian Government agencies will be able to access the new technology to make improvements in their service delivery."
The program builds on a pilot program that has supported Victorian businesses such as DorsaVi who developed ViMove, now being used by doctors to assess and treat lower back pain, and Procept, who developed an automated system of audio sensor stations to measure the biodiversity health of farms, orchards and forests.
The challenges include, algae waste-water treatment, blood Glucose technology, gas sensors for sewers, greenhouse gas measurement, virtual fencing on waterways and floodplains, wearable seizure sensor technology and sewer water quality monitoring.Read more: UPDATED: APAC entrepreneurs lack support, finance: Wozniak and Earl