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Grayndler

Wednesday, 15th April 2009

$64,000 Grant Awarded For Local Innovation


Federal Member for Grayndler Anthony Albanese today congratulated Marrickville company Vertical Foot Alignment Systems, on being awarded a Commercialising Emerging Technologies (COMET) AusIndustry grant by the Australian Government to help commercialise its device for creating custom made orthotic inserts.


The company has developed a device that takes a corrective weight bearing cast of a patient's feet whilst standing. Casting and realigning the foot occurs simultaneously while weight bearing.


This simple principle allows the body's tissues to be corrected and aligned in a single, simple process. The mould produced from the device is used to manufacture an orthotic insert, which will realign the feet into the same position as when the mould was formed.


Mr Albanese said the company had taken a great idea and run with it, a decision that benefits not only the company, but the local economy.


"It is through great ideas like this that we can best combat the effects of the global financial crisis and not only survive, but emerge stronger," said Mr Albanese.


"I'm delighted to announce that Vertical Foot Alignment Systems has received a $64,000 grant to help bring their exciting product to the marketplace.


The grant will allow the company to gain advice through a COMET Business Adviser on a business plan, market research and intellectual property strategies.


Vertical Foot Alignment Systems was one of 33 Australian small businesses to receive grants totalling $2.1 million in the latest COMET funding.


For more information on AusIndustry grants, including how to apply, go to www.ausindustry.gov.au or call the hotline on 13 28 46.



Anthony with local inventor Neil Smith inspecting his Vertical Foot Alignment System, which creates custom made orthotic inserts. The system was awarded a Commercialising Emerging Technologies (COMET) AusIndustry grant by the Australian Government to help commercialise it.


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334a Marrickville Rd
Marrickville NSW 2204

Phone: 02 9564 3588

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Electorate Office

334a Marrickville Rd
Marrickville NSW 2204

Phone: 02 9564 3588

Parliament House Office

Parliament House
Canberra ACT 2600

Phone: 02 6277 7700

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

We acknowledge the traditional custodians of the land on which our offices stand and we pay our respects to Elders past, present and emerging. We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples. We also recognise the resilience, strength and pride of the Aboriginal and Torres Strait Islander communities.

Authorised by Anthony Albanese. 334a Marrickville Rd, Marrickville NSW 2204.

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