Transtainer Sales and Leasing Pty received a $485,000 grant from the government to help them build a product to transport grease.
Commercialisation Australia will help the South Australian company to create an innovative product designed to address the problems of transporting large volumes of grease over vast distances.
The Very Large Grease Container (VLGC) developed by the Trainstainer has the capacity to transport large volumes of grease hygienically, cheaply and quickly over long distances. The huge reusable storage and transportation unit has the capacity of 20, 000 litres and has an inner bladder, much like a giant hot water bottle.
The VLGC reduces the carbon footprint by transporting twice the amount of grease on the back on a truck, compared to the nearest comparable container. The project allows Transtainer to use VLGC to prove its logistical merits, and develop an IP protection strategy.
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."
Image: imperialroadmarking.com.