In 2007, the Board of Rail CRC and the Department of Science,
Education and Training approved licensing of Intellectual Property
developed throughout the six-year life of Rail CRC to spin-off
company,
Rail Innovation Australia Pty Ltd.
Since its commencement, RIA has worked hard to be a proven success
as a start-up company, with the following technologies forming part
of its substantial asset base, including:
- OzECP brake technology
- THAS (Train Health Advisory System) technology
- Rail Noise and Wear Assessment System
- A number of software products expected to enhance rail operations
and save the industry substantially – D-Track, Rail
Corrugation Predictor system
- Education and training programs
While Rail Innovation Australia works with key partners to
commercialise the world-leading technologies developed in Rail CRC,
it will also position itself as an industry leader in intellectual
property transfer, commercialisation and the development of new
technologies in collaborative partnerships with manufacturers and
technology users. Rail Innovation Australia will be an innovative
player in the rail industry market, identifying and leading the
development and capture of new technologies to meet the railway
industry’s innovation needs.
Rail Innovation Australia will be a provider and promoter of Open
Innovation, the fundamental concept behind the company’s
business model. It will work with rail industry organisations to
identify and source external intellectual property – whether
used within or outside the rail industry - and better manage
internal IP resources to maintain their competitive advantage.
