Up to $50,000 is available to help SMEs and researchers connect with international counterparts to work on projects in global market.

Global Connections Fund

Overview

The Global Connections Fund (GCF) is a component of the Global Innovation Strategy under the Australian Government’s National Innovation and Science Agenda.

The GCF will enable Australian SMEs to link with international researchers and Australian researchers to link with international SMEs to seize opportunities and explore collaboration projects in areas of importance to the strategic growth sectors of Australia.

 

Background

The Minister for Industry, Innovation and Science, Christopher Pyne, announced the first round of grants under the Global Connections Fund, at the APEC Science Prize for Innovation, Research and Education (ASPIRE) awards ceremony in Adelaide today.

The Global Innovation Strategy identified priority economies from which Australian SMEs or researchers can nominate a collaborative project. They include the 28 member states of the European Union (with a focus on Germany, France, Italy and the United Kingdom), Switzerland, Israel, the United States of America, Brazil, India, Singapore, Taiwan, Vietnam, China, the Republic of Korea, Japan and New Zealand.

 

Objectives

The Global Connections Fund (GCF) aims to support the Australian Government’s commitment to:

  • Support innovation, science and commercialisation;
  • Increase collaboration between industry, including small and medium enterprise (SME), and the research sector;
  • Enable growth and productivity for globally competitive industry; and
  • Work with priority economies to progress mutually beneficial innovation outcomes

 

Funding

The GCF is comprised of two types of grants:

  1. Priming Grants – are small grants of $7,000 to enable Australian SMEs and Australian researchers to physically meet with their international partners and develop their collaborative idea.
  2. Bridging Grants – are larger follow-on grants (up to $50,000) designed as seed funding capital to enable viable projects to grow in scope and scale, to test commercialisation and proof of concept activities.

 

Timing

Applications for Priming Grants close 27 May 2016.

Applications for Bridging Grants now open and close 16 May 2017.

 

More Information