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Government Assistance Available - Phillips Ormonde & Fitzpatrick



Government initiatives to assist Australian business



This information is intended to briefly overview select government initiatives to assist Australian organisations engaged in research and development or innovation commercialisation.

There are numerous initiatives available, with changes happening constantly. This information should be treated as a guide only.


Benefit / initiative


Directed to / Provided by


Automotive Competitiveness and Investment Scheme (ACIS) – Participants are able to claim import duty credits.
Australian automotive producers (minimum thresholds apply)
Commonwealth, through AusIndustry

Commercialising Emerging Technologies (COMET) – Recipients may have up to 80 per cent of the agreed costs funded for two years. Typically grants range between $20,000 and $50,000
Early-growth stage companies, spin-off companies and individuals
Commonwealth, through AusIndustry
Commercial Ready – a merit-based grant program supporting innovation and its commercialization. Eligible project activities extend from initial R&D, through proof of concept, to early-stage commercialisation activities. Grants from $50,000 up to $5 million for projects up to three years
Small and medium-sized Australian businesses
Commonwealth, through AusIndustry

Cooperative Research Centres Program – Funds collaborations between researchers and industry for any period up to 7 years. Two yearly funding cycle.
Incorporated entities – typically involving a mix of research organisations and industry.
Commonwealth, through the Department of Education, Science & Training
Export Market Development Grants (EMDG) – The scheme reimburses up to 50 per cent of eligible export promotion expenses above a threshold of $15,000. May run for up to seven years.
Small and medium sized Australian businesses (annual income < $30 million) exporting Australian products or services
Commonwealth, through Austrade
Industry Cooperative Innovation Program (ICIP) – merit based grants program, supports cooperative innovation projects which provide benefits to an industry. Eligible activities are: project scoping activities, innovation mapping activities, research and development activities, proof of concept activities, innovation demonstration and adaptation activities, innovation implementation activities.
Non-tax exempt entities, incorporated in Australia under the Corporations Act 2001 or industry associations Commonwealth, through AusIndustry
International Science Linkages (ISL) Program – Competitive grants program for researcher-initiated, international science and technology cooperation and related activities.
Eligible organisation include: Australian tertiary education institutions, Australian Cooperative Research Centres, Australian registered businesses or industry groups, Australian public sector research agency, or Australian private, not for profit, research organisations.
Commonwealth, through the Department of Education, Science and Training

National Competitive Grants Program
Discovery - Supports fundamental research by individuals and teams. Assists researchers to undertake their research in conditions most conducive to achieving best results.

Centres & Networks – Funding support for large research teams and networks
Universities and Researchers
Commonwealth, through the Australian Research Council
New Exporter Development Program (NEDP) – Provision of free services to new exporters including advice and information about getting into exporting, export coaching, and assistance on the ground in foreign markets. 18 month program.
Australian businesses looking to export – no involvement in the program or export revenue from that market in past three years
Commonwealth, through Austrade
New Industries Development Program - Pilot Commercialisation Project (PCP) Grants of $35,000 to $120,000 are available following completion of the research and development stage, with ‘proof of concept’, a supply chain and established market potential. Funding for PCP projects is provided on a matched dollar for dollar basis with the applicant.
Pilot Commercialisation Projects (PCP) need to be innovative, market driven and sustainable and aim to commercialise new agribusiness products, services or technologies.
Commonwealth, through the Department of Agriculture, Fisheries and Forestry
Pharmaceuticals Partnerships Program (P3) is aimed at increasing the amount of high quality pharmaceutical R&D activity in Australia throughout the entire value chain including biotechnology, originator and generic medicines companies. Participating companies will receive thirty cents for each additional dollar they spend on eligible R&D in Australia up to a maximum grant amount of $10 million. P3 is not restricted to companies that sell products on the Pharmaceutical Benefits Scheme, and ownership of intellectual property will not impact on the eligibility of R&D under the program. A third round of the P3 program will be offered from July 2007.
Australian companies that participate in the discovery, creation and supply of registered pharmaceuticals
Commonwealth, through AusIndustry
Pre-Seed Fund Program – Investment in projects or companies spinning out from universities or Australian Government research agencies.
Companies must be commercialising research and be controlled by a university, a public sector research agency or qualifying researcher. Alternatively, they may be using intellectual property that is at least 50 per cent owned by a university, a public sector research agency or a qualifying researcher. Companies must be incorporated and operate substantially in Australia and have not generated any sales revenue. Projects must be at least 50 per cent of a project's intellectual property must be owned by a university, a public sector research agency or a qualifying researcher. A project must also be controlled or supervised by a university, or a public sector research organisation, be undertaken in Australia and not have generated any sales revenue.
Commonwealth, through four fund managers: Allen & Buckeridge, GBS Venture Partners, SciVentures and Starfish Ventures.
Renewable Energy Development Initiative (REDI) – Offers grants of between $50,000 and $5 million for research and development (R&D), proof-of-concept, and early-stage commercialisation projects with high commercial and greenhouse gas abatement potential.
Australian companies, with a project that involves a renewable energy technology, prepared to the grant amount match dollar-for-dollar.
Commonwealth, through AusIndustry
Research & Development Tax Concession – 125% deductibility of R&D expenditure. A premium 175% deduction is available.
Australian companies spending at least $20,000 per annum on eligible R&D
Commonwealth, through the Australian Taxation Office and AusIndustry (Industry Research and Development Board)
Strategic Investment Coordination – The objectives are to attract to Australia projects with significant net economic and employment benefits that would otherwise have located offshore and to increase sustainable investment in Australia.
Foreign or Australian corporations considering significant investment in Australia
Commonwealth, through Ausinvest
BioBusiness Programs – Non Research Establishment Costs; High Growth BioBusiness; Proof of Concept; Professional Leadership and Development; Fostering connections between Investors and Biotechnology Sector; and BioFirst Biotechnology Precinct
NSW companies & projects
NSW Department of State and Regional Development
Cooperative Research Centres Program – Funding for preparation of stage 1 funding applications
NSW headquartered consortia applying for CRC funding
NSW Ministry for Science and Medical Research
Medical Research Support Program– infrastructure grants are awarded on a competitive basis
Research institutes which have attracted peer-reviewed grants with a total value of at least $2 million per annum since 2003, have health and medical R&D as their primary function; are located in NSW and can demonstrate formal membership of a designated NSW medical research hub; and are affiliated with the NSW health system and have significant interactions with one or more universities in NSW
NSW Ministry for Science and Medical Research
Smart State Health and Medical Research Fund – 1:1 matched grants for medical research
Independent Queensland health and medical research organisations.
Queensland Department of State Development, Trade and Innovation
Smart State Innovation Projects Fund – 1:1 matched grants for collaborative “near-to-market” research projects, or for formulating funding proposals
Universities, research institutes, private companies, CRCs. Must be capable of generating economic or social benefits to Queensland
Queensland Department of State Development, Trade and Innovation
TeQstart & Biostart – Up to $250,000 to fund very early stage, high risk, knowledge-intensive companies
Queensland-based
TeQstart Pty Ltd
Commercial Development Initiative – Up to $50,000 by way of a single grant to assist the commercialisation of South Australian bioscience technologies originating from public sector organisations, including universities, hospitals and research institutes.
South Australian public research organisations otherwise unable to fund a biotechnology project
BioInnovation SA
Business Development Initiative – Up to $50,000 by way of a single grant to overcome obstacles prior to raising institutional equity finance and applying for Federal grants
South Australian biotechnology company or individual(s)/ organisation(s) in the process of forming a South Australian biotechnology company.
BioInnovation SA
Commercial Infrastructure Grant – Up to $250,000 to provide assistance for equipment that will: a) generate significant additional revenue from new business; b) increase company employment; c) attract investment into South Australia; or d) provide a strategic benefit to South Australia.
South Australian bioscience companies
BioInnovation SA
Commercial Management Grant – Up to $150,000 per annum to facilitate the employment of a Commercial Manager
South Australian public sector organisations that engage in research
BioInnovation SA
Innovation Commercialisation Grant program - Up to $50,000 in dollar-for-dollar assistance for external costs
Open to SA businesses on the basis of one round of calls closing on 1st March 2007.
The SA Centre for Innovation

Innovation Development Grant - Up to $25,000 for external costs
Open to SA businesses and organisations
SA Centre for Innovation

Premiers Science and Research Fund – Up to $3 million for R&D projects
South Australian organisations engaged directly in science and technology-based innovation, or in building South Australia’s innovative capability.
South Australian Department of Further Education, Employment, Science and Technology
Tasmanian Innovations Program – Early Stage Commercialisation Assistance of up to $20,000 is available on a two for one dollar basis for direct costs incurred in commercialising a product. Commercialisation Assistance of up to $150,000 is available on a two for one dollar basis for direct costs incurred in commercialising a product.
Tasmanian businesses with a turnover of less than $5 million. To be considered for this program, applicants will need to clearly show that their product: has a high level of innovation, can be delivered, is internationally competitive and tradeable, has a demonstrable market demand, will deliver economic benefits to Tasmania.
Tasmanian Innovations Advisory Board/ Tasmanian Department of Economic Development
Grow your business Grow your business - Eligible businesses can apply for a grant to engage the services of an independent specialist to undertake: a Business Strategic Review and/or a Business Development Plan
Financially viable company with a manufacturing or services base in Victoria and has export and/or import replacement potential
Victorian Department of Innovation, Industry and Regional Development
INNOVIC - provides a range of practical services to help turn good ideas into viable commercial businesses.
Victorian innovators, inventors, and small to medium enterprises
Victorian Innovation Centre Limited, an independent, not for profit organisation established under a joint Federal and State initiative.
Operational Infrastructure Support Program - Support covers the costs associated with the commercial and clinical exploitation of the Institutes’ research endeavours. Funding is tied to the quantum of research funding investment attracted into Victoria as well as a range of commercial, clinical and international excellence outcomes.
Independent Medical Research Institutes
Victorian Department of Innovation, Industry and Regional Development
Science, Technology and Innovation (STI) Infrastructure Grants Program – Periodic grant program
Program not currently open for applications
Victorian Department of Innovation, Industry and Regional Development
Technology Evaluation Program – Support of up to $20,000 (50 percent subsidy) against associated expenditures, including on: third party research; training; plant preparation and trials; and implementation report development.
Victorian-based manufacturers, associations or technology groups established for a minimum of two years that are financially viable and export focused
Victorian Department of Innovation, Industry and Regional Development
VicStart – support and information, but not funding
Victoria's innovative science and technology businesses
Victorian Department of Innovation, Industry and Regional Development
VISTECH - joint market-oriented science and technology research and development (R&D) projects between Victorian and Israeli entities that lead to new or improved products or services in the global market
Victorian and Israeli companies for new joint R&D project proposals. Target Areas Include: Biotechnology, Medical devices, Nanotechnology and microtechnology, Water (including treatment and desalination), Synchrotron technologies, Environmental technologies, Agricultural biotechnology, Advanced manufacturing technology, Information technology
Victorian Department of Innovation, Industry and Regional Development
Innovation Centre WA - encourages the development and provision of a holistic innovation service to Western Australia.
WA innovators
WA Department of Industry and Resources
Innovation Capability Development Scheme - grants of up to 50% of eligible expenditure, to a maximum of $25,000 on a matching basis.
Incorporated body undertaking innovation and/or innovation-related services in Western Australia.
WA Department of Industry and Resources


 
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