Knog - of Frog fame - has been awarded a development grant from the Commercialisation Australia, a Government agency. The $994,000 (£635,000) grant will be used for further development of Knog's bike accessories.
The latest Commercialisation Australia funding round was shared between 18 Australian businesses.
Knog CEO Hugo Davidson said:
“With the funding provided by this grant, we will be in a great position to accelerate the launch of three new categories of products. Our team of designers and engineers have been working tirelessly to get the first of these products ready for Eurobike and Interbike.”
Among other products, Knog is launching a range of Lithium lighting systems for commuting cyclists.