GIS People Backed by Federal Government with Commercialisation Grant
We’re pleased to announce that the Australian Federal Government has backed GIS People and our ground-breaking rapid damage assessment technology by awarding us a grant of just under $500,000 through the Accelerating Commercialisation program. This represents the single largest grant ever awarded to a spatial company in Australia.
Accelerating Commercialisation, developed under the Australian Government Department of Industry, Innovation and Science, allows businesses, entrepreneurs and researchers to commercialise novel products, processes and services with significant market potential. The grants help businesses turn good ideas into marketable products through activities such as trials, upscaling and connecting with new markets. So far, 311 Australian businesses have benefited from commercialisation funding through the Entrepreneurs’ Programme.
GIS People Founder and CEO Igor Stjepanovic is incredibly proud of what’s been achieved: “We are thrilled to see the Australian Government back our growing business. This is a massive vote of confidence, coming at the right time in our growth cycle.
“Traditionally, the geospatial industry in Australia comprises of software and hardware resellers, selling products invented and created overseas. I firmly believe that given our pool of innovative spatial thinkers in Australia, our focus should be on creating our own intellectual property and exporting that wealth of knowledge to the rest of the world.
The real-time software solution developed by GIS People has the potential to completely reinvent the way insurance companies and government agencies deal with post-disaster situations. Recently battle tested during Cyclone Debbie, RADAR saved the Queensland Government millions of dollars. Additionally, we’ve partnered with Microsoft, DigitalGlobe, NACo and several other organisations to take our award-winning product global.”
Recent events in the United States, such as Hurricane Harvey and Hurricane Irma, combined with global warming, clearly demonstrates the need for this type of technology. With the Australian Federal Government backing us, the sky is the limit!
Watch this space!