Australian Innovation

Sydney-based company Card Access has been awarded a substantial grant from the Australian Government to develop the CASPAY terminal – an automated means of processing credit card transactions at a fraction of the cost of existing systems. The hand-held secured bank device, CASPAD, will be used to secure the bank purchase or payment values with encryption to create an EFTPOS security to the home PC, mobile or television set-top box.

Other projects to receive innovation funding include:

· Argus Technologies, to develop a multi-band base-station antenna for all mobile phone systems to outperform current single-band systems;

· Bos Web Management, for a property valuation and business management system development project;

· Bugaj Suspension Technologies, to commercialise its high-performance shock absorbers;

· Access Dinghy Sailing Systems for a revolutionary sail boat which will enable more disabled sportspeople to compete in the sport;

· Pulmosonix, to develop a novel acoustic device for the early detection of emphysema;

· Sleep Diagnostics, for its Optalert monitor to alert truck drivers when they reach dangerous levels of drowsiness; and

· Inference Communications, to commercialise its project which offers speech recognition software for call centres.

For more information on these exciting projects, or on other opportunities that exist in Australia please contact me.

David

editor@agarcarlyon.com