$30 million fund that supports innovative, job creation projects that strengthen and diversify Adelaide’s economy. 

 

South Australia Innovation and Investment Fund

 

Need Manufacturing Grants?

Call 1300 658 508

Overview

The South Australia Innovation and Investment Fund (SAIIF) was established by the Australian and South Australian Governments following the decision by Mitsubishi Motors Australia Limited to cease its manufacturing operation in Tonsley Park, Adelaide. Bulletpoint anticipates this program to continue with Holden’s recent announcement to cease manufacturing in Elizabeth, South Australia.

Exact details of the program are yet to be announced but Bulletpoint expects the program to be very much the same as the previous 3 rounds. A guide of what to expect is provide below.

 

Background

The SAIIF will support investment by business leading directly to new sustainable jobs in the Adelaide North region to assist the region to diversify its economic base. Eligible projects will focus on encouraging new investment to create new or additional business capacity that results in sustainable jobs.

Applications for funding under the SAIIF are encouraged from all industry sectors.

Applicants should note that SAIIF proposals will not be favoured where they involve no sustained net increase in economic activity in Australia or where new jobs in the Adelaide North region are created at the expense of jobs elsewhere.

 

Funding

A total of $30 million in funding is available.  There will be competitive funding rounds and all funds awarded must be expended by 30 June 2016 when the SAIIF will close.

The minimum grant under the SAIIF will be $50,000.  There is no maximum grant limit within the total grant funding available under the SAIIF.  Grants will be up to 50 per cent of eligible expenditure.

Financial assistance will only be provided for:

  • up to 50% of projected eligible project costs; and
  • on the provision of satisfactory evidence that the agreed payment milestones have been achieved.

 

Eligible Projects

Eligible expenditure includes:

  • acquisition of new equipment or machinery that can be capitalised in the applicant’s accounts; and
  • construction or fit-out of a new building or extension to premises.

 

Timing

  • Round 1 – closed 17 October 2008
  • Round 2 – closed 29 May 2009
  • Round 3 – closed 10 September 2010
  • Round 4 – Yet to be announced

 

Expert Assistance

Writing a good quality grant application is a critical element in the application process. An application needs to be well thought through, written concisely, have clear objectives and purpose, and show clear links to the objectives of the grant guidelines.

The grant application must answer all questions, provide all required information and respond to the merit criteria. It should also reflect your organisation’s business strategy.

Writing a good application takes time and effort, and requires particular writing skills.

Bulletpoint are expert grant consultants and can assist with all aspects of grant preparation.

Need Manufacturing Grants?

Call 1300 658 508

 

Previous Recipients

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Company

Grant

Description

Australian Advanced Manufacturing Centre

$1,500,000

Provide an integrated design, construct, install, service, monitor and maintain facility for construction of manufacturing machinery based on commercial ready IP, developed by customers in the advanced manufacturing, renewable energy/climate change, defence and mining industry sectors for export.
Australian Southern Exporters

$499,250

Develop a commercially viable sardine value-adding business able to process over 1,000 tonnes of sardines for human consumption per annum by 2011.
Broens Industries

$2,500,000

Establish an aerospace and defence component machining facility to be called ‘Aerospace Engineering SA’.
Ferrocut Australia

$2,250,000

Establish a state of the art plate profile cutting centre at the Techport facility with concurrent expansion of existing capability in all profile cutting disciplines to capture opportunities provided through the Air Warfare Destroyer, Olympic Dam, Desalination and other new infrastructure projects.
Intex Holdings

$1,000,000

World-leading “bolt-on” turbine technology designed to dramatically reduce fuel consumption and greenhouse gas emissions in new and existing car and truck fleets. Funding will enable local production of this Australian invention.
Levett Engineering

$2,250,000

Expansion to position the company as a long-term production supplier to the international aerospace and defence sector.
The Pipette Company

$366,470

Expand the company’s clean room capability and equip it with specialised equipment required for manufacturing micro pipettes.
Samaras Group

$1,000,000

Improve domestic capacity and be in a position to undertake custom beam manufacturing work.
Boart Longyear

$2,000,000

Development of an integrated R&D engineering, test and manufacturing facility for a new range of drill rigs and a depot level service centre for existing drill rigs.
Central Diesel

$500,000

Establish a modern construction and assembly facility capable of manufacturing a range of varying capacity and application generator sets in large volumes.
Digislide Holdings

$1,200,000

Establish a technology innovation centre for a number of industry sectors with the centre piece being an advanced opto-electronics facility that will provide services for opto-electronics prototyping, clean energy technology customisation and small-run opto-electronics manufacture.
Long Distance Technologies

$275,000

Company will expand and upgrade current telecommunications component manufacturing facility. LDT’s products will boost telecommunication coverage for land and portable communication devices.
Manuele Engineers

$500,000

Construction of new fabrication facility. Company will target a variety of medium to large engineering projects.
Modra Hayes

$1,250,000

Construct mass production facility for the manufacture of Modpods demountable and flat pack accommodation, storage and service solutions.
VivoPharm

$250,000

Upgrade and expansion of the vivoPharm vivo Pharmacology Department.
Weeks Group

$600,000

Expand manufacturing capacity of Supaloc Eco Load Bearing Wall.
Clean Seas Tuna