COMET government grant to commercialise water based aerosol paint technology

In order to encourage commercialisation of promising new technology, the Australian government department for support of industry (Ausindustry) initiated a program called COMET (Commercialisation Of Emerging Technology).

After an initial screening process a government industry adviser is assigned to the applicant to asses the technical merit, company viability, staff capability, market demand and ensure a competent strategic plan has been laid out.

The potential benefit to the Australian economy and the obvious social benefit in reducing solvent abuse amongst our youth was also taken into account by Ausindustry and a COMET grant was formally awarded to Can-Tek in September 2009.

Amongst other things the grant will pay for patents to secure the technology and legal contracts for partnerships and joint ventures with paint companies and aerosol manufacturers worldwide.

Bob Beaumont was assigned to Can-Tek in July 2009 as an industry adviser as part of the COMET grant process and continues to set the strategic direction.