07.12.2007
Adelaide company Sarugo has won a federal government grant to launch Memory Box, an online backup solution which uses only one percent of the storage memory used in solutions that are currently available.
Memory Box, which utilizes a community network, has won a A$64,000 Comet (Commercializing Emerging Technologies) grant provided by AusIndustry.
Comet is a merit based program that supports early-growth stage companies to commercialize their innovations.
Development of the solution began when five senior software engineers at Motorola's global software group in Adelaide's Technology Park discovered a common passion for creating innovative products.
Consequently, they formed Sarugo with a view to develop ground-breaking products. Within two years they created Memory Box, Australia's first community online backup solution.
Memory Box operates by creating a community for users to backup and store their data on other user's computers.