Industry Growth Program Grant: Backed for the Next Stage
We’re proud to announce that ForgetSPECS has been awarded a Federal Government Industry Growth Program grant, receiving matched funding of $162,000 to support the next phase of product development.
About the Industry Growth Program – Early-Stage Commercialisation grant
The program has been established to support innovative Small and Medium Enterprises (SMEs) undertaking commercialisation and/or growth projects within the National priority areas. ForgetSpecs will have access to Advisory Services to help us overcome significant challenges associated with our project.
Under the program:
An innovative product, process or service:
Is new, unique or significantly different to any other previous product, process or service in the market or industry where the product is intended to be sold/traded; or
Involves significant enhancements or developments of current products, processes or services that will enable the business to scale and transform. Minor changes or improvements to existing products or services are not considered innovative
Early-stage commercialisation projects are intended to include the journey from feasibility studies and the development of proof-of-concept through to the production and testing of early prototypes in a simulated or theoretical environment. Testing should validate the commercial viability of the innovative product, process or service.
This strategic funding will enable us to progress through three critical activities:
Developing New Master and Production Moulds
Precision tooling is essential to scale manufacturing and meet the high standards of product clarity, durability and fit.
Building New Prototypes
With improved moulds, we can create prototypes that more closely align with our design objectives - bringing us another step closer to production readiness.
Testing and Refinement
This stage will be an intuitive, iterative process: testing, learning, and adjusting with the goal of achieving our “Golden Sample” - the benchmark for commercial launch.
This grant marks a significant vote of confidence in our innovation and commercial potential. With this support, we’re accelerating our path to market and ensuring the final product exceeds customer expectations.
This project is supported by the Australian Government’s Industry Growth Program.