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    Coat of ArmsMedia Release
    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Palaszczuk Government grants boost innovation in five Queensland businesses

    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Saturday, October 28, 2017

    Palaszczuk Government grants boost innovation in five Queensland businesses

    An Advance Queensland Knowledge Transfer Partnerships (KTP) grant will help a Brisbane software company develop new digital streaming technology for video walls.

    Minister for Innovation, Science and the Digital Economy Leeanne Enoch said ImmersaView will use its  KTP grant to employ a QUT graduate specialising in graphics software development for a 12-month project.

    Ms Enoch said the graduate’s work will position the Banyo company - and Queensland - as an industry leader in commercial video streaming technology.

    “Queensland has developed a reputation for producing cutting-edge software for computer gaming and video graphics,” Ms Enoch said.

    “This company has developed a niche position developing video encoding and decoding software for an expanding global market for video streaming, recording and review.

    “The government’s $47,200 KTP grant will give them a research and development edge, potentially opening up new and exciting export markets and creating knowledge jobs for our up and coming video graphics software developers.

    “The knowledge transfer between ImmersaView’s development team and QUT will put them into a market-leading position within the global market for video walls, which is forecast to reach a value of more than AUD $14 billion by 2020,” Ms Enoch said.

    ImmersaView President Dr Andy Boud said the KTP grant would help his company bridge an emerging quality gap in the global market for ultra-high resolution video streaming and how it is displayed.

    “At the moment, we have a situation where video resolution is advancing in leaps and bounds across the globe,” Dr Boud said.

    “Just a few years ago, having a 1080 high-definition display was considered the norm, now it's 4K ultra-high definition and companies are already working towards 8K.

    “This is great news for consumers, but it currently poses problems for commercial customers who might be looking at creating video walls for increasingly larger scale resolutions.

    “For these types of installations, a software solution can assist bridging the gap between high definition video and the ultra-high definition standards currently revolutionising the way we visualise and perceive the world around us.

    “We've already developed an early prototype to do this, but we need to devote a lot of creative energy into optimising our process to make it commercially viable and scalable.

    “This is where our partnership with QUT and the talents of their graduate will come to the fore,” Dr Boud said.

    “We're confident that in the next 12 months we will deliver an improved solution and propel our technology forward.”

    The four other Queensland businesses approved for KTP Round 8 funding are:

    • Brisbane-based DoseMe, who will receive $50,000 funding support to commercialise new precision dosing technology for cancer treatment with the help of a graduate from the University of Queensland.
    • The Water and Carbon Group, also from Brisbane, who will receive $50,000 funding support to develop world-first technology for wastewater treatment with the help of a graduate from the University of Queensland.
    • Brisbane-based Mandalay Technologies, who will receive $50,000 funding support to develop new technology for waste management and recycling, also with the help of a QUT graduate, and
    • Gold Coast-based CartonCloud, who will receive $50,000 funding support to develop route optimisation software for salespeople, with the help of a QUT graduate.

    For more information about the KTP program and previous funding recipients, visit the Advance Queensland website.

    ENDS

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