Fed Govt backs commercialisation plans


The Federal Assistant Minister for Innovation, Wyatt Roy, today announced that The Yield has been awarded a $957,000 Accelerating Commercialisation grant. The grant is matched by The Yield's investors.  The Yield has developed innovative Internet of Things technology which is designed to improve oyster growers' yields and profitability through reducing unnecessary harvest closures, improving labour scheduling and tracking food safety. Ros Harvey,  Founder and Managing Director, said " Accelerating Commercialisation is helping The Yield commercialise our products enabling sales, investment and global licensing revenue. It will contribute to Australia's global reputation for high quality food exports. We are delighted to be part of Australia's Entrepreneurs Program"

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