The AEA Innovate program is being assessed in a painfully slow manner, according to the AEA website, the decisions on submissions was meant to take 6 months and applications closed on 28 August.
I think Sparc will be successful in their funding submission (they were successful last year for smaller grant funding with Sparc Hydrogen and successful this year with fish fouling nets) and the share price will bounce because it's potentially going to give them relatively significant funding (up to $5 million)
"AEA Innovate which supports mid-stage research commercialisation through competitive grants of up to $5 million for a maximum period of 24 months. These grants are available for researchers at Australian universities to collaborate with industry to advance projects that already have laboratory proof-of-concept. Submissions of compulsory Expression of Interest for Innovate grants close on Wednesday 28 August 2024.Submissions for Ignite applications and Innovate Expression of Interest close Wednesday 28 August 2024."
SPN Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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