I assume the grant is now completed. The following is from the...

I assume the grant is now completed. The following is from the initial announcement of the grant -

"1 July 2013: Anteo Diagnostics Limited (ASX: ADO) (“Anteo”) is very pleased to announce that it has been successful in its application for a Commercialisation Australia – Early Stage Commercialisation Grant. Commercialisation Australia, an initiative of the Australian Government, is a competitive, merit based assistance program offering funding to accelerate the business building process.


The grant is worth $1,696,431 over the two-year tenure of the project. Anteo has developed Mix&Go™, a surface chemistry, which is broadly applicable for use in diagnostic tests within the LSR, IVD and PoC markets. To be commercially successful with Mix&Go™, Anteo needs to enter into licensing and supply agreements with companies across those markets and on a range of synthetic surfaces relevant to these markets.


Due to the novel, disruptive nature of Mix&Go™, significant pre-adoption testing is mandatory by companies before incorporating it into their commercial products. The project has been designed to achieve a range of objectives across the relevant market segments with the ultimate goal of signing licensing and supply agreements with companies in those segments."

I have bolded (is that a word ?) the last paragraph, as that highlights the understanding that Anteo knew that companies would need time to test the relevant data and stability before entering into an agreement.
This has taken more time than we all realised, but the flow of agreements now means that companies are satisfied with the technology and can now go full steam into commercialisation.
I suspect this will be the start of an avalanche from the 100 or so that have been testing for the past few years, as none wanted to jump the gun and risk a recall, or worse, a massive lawsuit.

I think the next 6 months will be very interesting, as the majors adopting will allow the smaller companies to do so without worrying about the expensive testing regime that the big boys had to undertake.