Senator for the ACT, Zed Seselja has welcomed the allocation of more than $20 million to fund a range of projects to develop a product, service or process that will solve problems for Australian industries.
Seeing Machines Limited in Braddon, ACT, will receive $2.25 million under the Cooperative Research Centre-Project (CRC-P) Programme. Their project will develop a world-leading driver monitoring product that will enable the freight industry to monitor and improve driver safety and wellbeing, in ways not currently possible.
By using cutting edge technology and this grant funding, Seeing Machines is able to develop next generation systems to improve truck drivers’ safety by preventing accidents caused by driver fatigue and distraction. The Australian Transport Council estimates that 20-30% of fatal accidents on Australian roads are due to driver fatigue.
Ken Kroeger, CEO of Seeing Machines said “growing from a small start-up to employing over 140 people globally; this funding allows us to work collaboratively with world-leading researchers from Monash University and our safety-focussed customer, Ron Finemore Transport to help Australian truck drivers get home to their families after every shift.”
“Canberra is home to many successful businesses and Seeing Machines in Braddon is just one example of an innovative business benefitting from our plan for jobs and growth,” Senator Seselja said.
“The CRC Project stream will assist in encouraging and facilitating SME participation in collaborative research, solving problems and delivering tangible outcomes for industry,” Senator Seselja concluded.
The Government has announced details of 11 successful projects from a range of industries which will share in a total of $22.6 million in funding.
Each collaboration involves at least two Australian industry entities and at least one Australian research entity. The organisations will work together to deliver the project.
Improving collaboration between researchers and industry to cultivate a more innovative and entrepreneurial economy is a key pillar of the Government’s National Innovation and Science Agenda.