In a recent media statement, the Queensland Government has highlighted the success of Movus, one of ACAC Innovation’s startups.
Brisbane-based MOVUS has built FitMachine, a machine condition monitoring solution powered by artificial intelligence.
The business now employs 14 full-time staff and 12 part-timers, up from just four staff a year ago, thanks to a $100,000 grant from Ignite Ideas.
“Ignite Ideas gave us the fuel in the can to get our product out to market – it gave us credibility with customers and most importantly sales,” said founder and CEO Brad Parsons.
“We’ve achieved double the sales we expected, we’re getting requests from overseas and we’re targeting new investment to take us to the next level in a few months.”
Read the full statement.