Queensland company Naturo has been awarded a $1 million Accelerating Commercialisation grant to deliver a world-first innovation that can extend the expiry date of fresh milk to more than 60 days.
Naruto, which is one of nine Australian businesses that will share in $4.4 million in funding in the latest round of the Government’s Accelerating Commercialisation grants, will use the funding to build a pilot manufacturing plant in Coolum for its patented technology, described as ‘the biggest breakthrough in the global milk industry since pasteurisation in 1864’.
The company will also investigate market opportunities in Asia and China.
In announcing the grant recipients, Minister for Industry, Science and Technology Karen Andrews said the Government is helping companies such as Naturo ‘that are pushing the boundaries of the possible’.
“I’m so impressed by the ingenuity and determination of Aussie businesses like Naturo who are using science and technology to turn bold ideas into job-creating realities,” Minister Andrews said.
“This grant will help the company build a pilot plant in Queensland to create their product and then export it to the world, while also paving the way for a full scale facility to be built in regional Tasmania.
“Through the commercialisation of innovative products and services like this we’re also creating new jobs and giving a much needed boost to our economy as we recover from the COVID-19 pandemic.
“This project also demonstrates the incredible opportunities in the food and beverage sector, which is why it’s one of the six priority areas under our Modern Manufacturing Strategy.”
More information on the grant recipients is available here.
