Uluu, a northern suburbs business, is poised to redefine manufacturing using seaweed as an eco-friendly alternative to plastic.
The company, based in Watermans Bay, is among the 49 local innovators awarded a total of $3.56 million by the Western Australian Government.
Innovation and Digital Economy Minister Stephen Dawson highlighted the significance of these funds, stating, “We are targeting innovation growth with funding support through both the Innovation Booster and Commercialisation Bridge Grants scheme to provide this assistance at a variety of different stages.”
Uluu’s initiative aligns with broader efforts to diversify Western Australia’s innovation landscape. Minister Dawson emphasized the government’s commitment to nurturing local talent, noting, “We have an amazing and talented cohort of local innovators who are doing incredible things and the Cook Government is committed to assisting WA’s innovation ecosystem to thrive and prosper.”
The grants, part of the Innovation Booster Grant (IBG) and Commercialisation Bridge Grant (CBG) programs, aim to bridge the gap between innovative ideas and scalable businesses.
Reflecting on the recipients’ achievements, Minister Dawson extended congratulations, expressing optimism about the future impact: “Congratulations to all 49 recipients of this round of IBG and CBGs. I am looking forward to seeing the leaps of progress that each of them will make with this vital early-stage and scale-up funding.”
According to the government, these grants are crucial for pioneering ventures like Uluu, which are pioneering sustainable manufacturing solutions.
For more information, visit WA Government’s New Industries Fund and Commercialisation Bridge Grant.
