Minister for Planning and Public Spaces Rob Stokes announced at an event at the Sydney Startup Hub last night that four NSW companies, including Zetifi, will share in $5 million from the NSW Government Physical Sciences Fund which will provide funding to bring their innovative technologies to market.
The Physical Sciences Fund (PSF) is a NSW Government competitive development and commercialisation program run by the Office of the NSW Chief Scientist & Engineer. The PSF aims to deliver significant social, economic and environmental benefits to NSW by providing financial support for the development of new and innovative devices and systems across the branches of the physical sciences and engineering, including physics, chemistry, astronomy and the earth sciences.
“This fund supports the work of some of the State’s best minds by ensuring their ingenious technologies are developed and commercialised,” said Mr Stokes. “The innovations will be translated into devices and applications which will make lives easier for communities across the State.”
Zetifi will receive $1.47 million to develop scalable manufacturing capacity for our ZetiCell and ZetiRover technologies.
As Zetifi CEO & Founder Dan Winson explains, this funding will enable us to manufacture our products at the scale needed to support our growth and expand to new markets.
“This generous funding will support the commercialisation of Zetifi's technology and help to deliver much needed connectivity solutions for farmers and families in rural and remote areas. The grant funding will be used to scale up our manufacturing facility in Wagga so we can deliver our existing solutions at scale to the Australian and US markets making a real difference to farmers struggling with unreliable mobile or internet services.” said Dan.
For more information about the Physical Sciences Fund and future funding rounds, please visit https://www.chiefscientist.nsw.gov.au/funding/research-and-development/nsw-physical-sciences-fund