HITIQ secures Victorian Government grant to expand brain health technology operations
What's the deal? HITIQDealroom has a profile for this one. Try Dealroom → Limited, a brain health technology company, has signed a non-dilutive grant agreement with the Victorian Government to support its expansion in advanced manufacturing, R&D, and global commercial growth. The company has committed to a minimum project cost of $4.9M, with the grant value between $250,000 and $1.5M — the exact amount is confidential.
The funding backs several priorities: expanding manufacturing capability in Victoria, investing in equipment and tooling, scaling integrated charger and data transfer systems, and strengthening software and hardware development for concussion management and athlete safety.
Why now? HITIQ is in growth mode. Its flagship PROTEQT™ solution — an instrumented mouthguard co-developed with Shock Doctor that pairs with an analytics platform for data-driven concussion management — is targeting sport, clinical, and research markets globally. The grant helps the company scale operations from its Victorian headquarters without diluting existing shareholders.
"This non-dilutive funding supports our continued investment in Victoria across manufacturing, research and development, product innovation and employment growth as we continue expanding globally," said chairman Earl Eddings.
What could go wrong? The grant runs until obligations are completed or until July 31, 2031 — whichever comes first. Funding is tied to milestones, and the Victorian Government can claw back money if HITIQ doesn't meet its commitments. The disclosed grant range of $250,000 to $1.5M is broad, leaving uncertainty about the actual sum.
The signal: HITIQ sits at the early growth stage, according to Dealroom, making this non-dilutive government backing a meaningful catalyst for a hardware-intensive company that still needs to prove global commercial traction. The Victorian Government's investment underscores a broader pattern of state-level bodies stepping in to anchor deep-tech manufacturing locally, particularly in sectors like sports health tech where regulatory and public pressure around concussion management is intensifying worldwide.
