Thursday, 29 September 2016
dorsaVi awarded Future Industries Manufacturing grant to fast track development of local manufacturing facilities Melbourne based dorsaVi Limited has been awarded a A$350,000 grant under the Victorian Government’s Future Industries Manufacturing program which was established to help Victorian companies implement new manufacturing technologies and processes to facilitate growth. Image credit: dorsaVi Facebook page Commenting on the grant award, dorsaVi’s CEO Andrew Ronchi said money will be used to fund the company’s new manufacturing facilities, equipment and staff in its Jolimont premises that are required to bring the next generation of its wearable medical-grade sensors to market. “The grant will allow dorsaVi to complete the facility sooner than originally anticipated,” Mr Ronchi said. “This initiative will greatly assist the scale and speed of manufacturing of the world-leading wearables.” According to the company’s statement to the ASX, the new facility will incorporate cutting-edge technologies which will reduce manufacturing timelines, automate manual processes, improve stock control and product traceability, and reduce overall manufacturing costs. “This funding ultimately ensures that dorsaVi is able to significantly reduce the cost of goods whilst maintaining the high level of quality required for its FDA cleared medical device,” reads the statement. Australian Manufacturing
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