News and Announcements
The Pulse Receives Major Funding Under Government Innovation Programme
- Published February 15, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
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- Sydney based emerging platform specialist scoops funding for world-first collaborative VR education and training platform
Award-winning Sydney-based creative and technology agency Experience The Pulse today announced a significant funding investment from the Federal Government’s Entrepreneurs’ Programme. The Accelerating Commercialisation grant of $559,862 will support a $1.1M project. It was awarded against an extremely competitive and extensive field in recognition of The Pulse’s ‘Pulse IQ’ platform, the world’s first collaborative virtual reality platform for education and training.
The grant has been awarded to assist The Pulse to commercialise the platform which has the potential to revolutionise education and training on a global scale. The Pulse IQ is a Virtual Reality software platform that allows participants to go beyond the textbook or boardroom to experience learning in a new and highly engaging way, furthering crucial STEM education programs. Developed and created in Sydney with a global outlook, The Pulse IQ is the first learning platform that enables participants to interact and collaborate with their peers in a virtual space.
The platform allows for content to be synced to multiple headsets through a teacher/facilitator controlled tablet, allowing visibility of all individual and group activities. Managing Director of The Pulse Brett Heil said the funding was a recognition of the ground-breaking work being carried out across the VR and AR field by his team. “We are incredibly honoured to have been selected by The Government to bring this product to market. The last twelve months, in particular, have seen a huge amount of anticipation around the potential of virtual reality.
Pulse IQ is a genuine global contender in this space, and a proud product of Australian led R&D, which we anticipate being a global benchmark for VR-led learning.” he added. Larry Lopez, Director of Accelerating Commercialisation at Department of Industry, Innovation and Science commented; “The Accelerating Commercialisation Grants are about helping companies drive business growth by bringing novel products and services to Australian and international markets, creating new job opportunities for Australians. “We are pleased to be able to assist your business become an Australian innovation success story, I would like to take this opportunity to wish The Pulse every success with the project,” he said.
The Entrepreneurs’ Programme aims to help Australian entrepreneurs, researchers, inventors, start-ups, commercialisation offices and small and medium enterprises address the challenges associated with commercialising novel intellectual property in the form of new products, processes or services.
About the Pulse IQ Pty Ltd
The Pulse IQ is a world first, device-agnostic platform for the delivery of immersive and collaborative Virtual Reality content for training and education.
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