Peter Towers has been appointed the Business Adviser for the COMET Program for those companies situated in the Central and North Queensland region, from Gladstone north.
INTERVIEWS:-
Peter Towers regularly conducts interviews in various centres:-
- Cairns
- Townsville
- Rockhampton
- Gladstone
- Whitsunday
- Emerald
- Mackay
Please telephone Jenny on (07) 4724 1118 or 1800 232 088 to arrange an appointment.
What's happening with COMET in Central and North Queensland?
MEDIA RELEASE
The Australian's Government's COMET (Commercialising Emerging Technologies) Programme has assisted over 1,440 companies around Australia to commercialise their technology over the last eight years. In North Queensland there have been 25 companies who have been assisted by the COMET Programme.
An outstanding example of an enterprising company is Mackay-based Callidan Instruments Pty Ltd which developed a product called “MoistScan” to analyse the moisture content in coal. “MoistScan” has now been adapted for use in about twelve different industries, including minerals, food and textiles and sales of “MoistScan” have been made to fifteen different countries.
"COMET assists companies who have concluded their research and development and who wish to commercialise their technology by assisting them to become investment ready", Peter Towers, the Central/North Queensland COMET Business Adviser said today. "The assistance from the Federal Government is on an 80% grant basis up to $64,000. A further $56,000 can be applied for, if required, on a dollar for dollar basis. These funds can be expended for market research, export market research, management team structures, intellectual property strategies, legal advice, tidying up prototypes and the preparation of a business plan, including budgets and cashflow forecasts. These documents can then be used to attract investors or to assist in negotiations with major corporations who might be interested in manufacturing or distributing the inventor's product" Mr Towers said.
To be eligible for COMET assistance, applicants have to have a turnover of under $4M, although it can be as high as $5M in the last year, as long as in the last two years, turnover does not exceed $8M. The company also has to be under five years old. Individuals can apply, but if they're accepted into the COMET Programme, they have to incorporate a company.
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