To get to the current stage of development the developers have spent over US$300,000 plus a government grant of around US$100,000. It is now time to refine the technology and test the refined technology to establish the parameters that will allow us to achieve the optimum increase in duration.
We are currently in discussions with Griffith University School of Allied and Clinical Health Sciences on the Gold Coast, who have agreed to conduct the testing on our behalf. We have a firm proposal and would like to get underway as soon as possible.
In order to undertake the refinement and conduct the testing a budget of $500,000 is required. It is expected that Government grant funding of $250.000 will be available thereby leaving a funding requirement of $250,000. Part of the funding will be used to patent the technology in other countries as the patent is currently only applicable to the United States.
In these difficult financial times and the relatively small amount of funding required it has been decided to raise the finance required by way of crowdfunding, and a crowdfunding initiative will be underway shortly. We already have a pledge of $50,000 subject to the required funding being raised, The purpose of this website is an Expression of Interest prior to the launch of the crowdfunding.