From the Minister of Innovation
Wednesday, 13 October 2010
Innovation Minister Gavin Jennings today announced a $380,000 grant for Dandenong company o.d.t. Engineering to assist its collaboration with Israeli company Netanya Plasmatec in developing a cheaper and more efficient aluminium casting process.
Mr Jennings said the $1.4 million international collaboration was the latest project funded through the Victoria-Israel Science and Technology R&D (VISTECH) agreement.
“VISTECH is an example of how we are helping innovative local companies develop their ideas into commercial products that will create jobs and help secure our economy for future generations of Victorians,” Mr Jennings said.
“The fund helps Victorian companies connect with Israeli companies to commercialise their research and development and break into Australian, Israeli and world markets.
For the full Press Release click here
As reported by the Victorian Premier’s Office