Digislide, Spinergy Secure Funding from South Australian Innovation and Investment Fund

Entrepreneur Luceille Outhred, the founder of miniature projection technology company, Digislide (ASX:DGI), and the CEO behind clean energy companies Spinergy and H2Oasis Energy has secured a $1.2 million government grant to further advance opto-electronics and clean technology research and development. Digislide was awarded the funds under the South Australian Innovation and Investment Fund. Two other early expansion technology companies, Spinergy and H2Oasis Energy, were co-applicants with Digislide for the funding.

Last week, Digislide made news when they announced they had secured $18 million in capital investment commitments from London-based investment company, GEM Global Yield Fund Limited.

Both Digislide and Spinergy have showcased at ANZA Gateway to the US summits; Digislide in 2005, when it was a co-winner of the Guy Manson Hottest Technology Award, and Spinergy in 2009.

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