Brisbane, Australia - TenasiTech, an Australian material science start-up company, has received Aus$1.4 million ($1.42 million) to develop a new range of polyurethane products.
The grant is aimed at developing new products in collaboration with three industry partners. Lead researcher Prof Darren Martin of the University of Queensland (UQ) will develop prototypes of wastewater treatment equipment, engineering components and advanced high performance sports equipment, according to a 19 June news release from UQ.
TenasiTech, which was formed by UQ's main commercialisation company UniQuest to develop Adaptive Polyol technology, has received $925 000 in state funding and $475 000 in follow-on investment from pre-seed investor Uniseed.
This funding will help broaden the scope of the Martin's research group at the Australian Institute for Bioengineering and Nanotechnology (AIBN) and UQ's School of Chemical Engineering, UQ said.
The work has a focus on processing and structure-property performance of novel nanocomposite polymers.
"The Queensland Government funding is recognition for hard work, and also a great opportunity to fully translate our ideas into three product applications, with the prospect of more to follow," Martin commented.
"My fantastic team has developed substantial know-how to the point where we now have world's best practice at a commercial scale. I didn't become a scientist just to publish papers and teach. While I enjoy both, I think innovation and taking ideas through to products is in my blood," he added.