COMET was established to aid innovators take their product into the marketplace and is being overseen by the Australian Government Innovation Australia board.

 

Chair of the COMET committee Elizabeth Lewis-Gray said COMET has already proven to help Australian innovator through a series of grants distributed to businesses of between $A5,000 to $120,000.

 

“The COMET program is targeted at the early stage innovators who need assistance with business management and commercialisation skills,” Lewis-Gray said.

 

“There are many new innovations in the mining sector that could benefit from this program, particularly where the company founder has more of a technical than management background.

 

“It can also provide assistance to companies, where appropriate, to raise capital on a success fee basis.”