What is the WA Defence-Ready Initiative?
The WA Defence-Ready Initiative is a program that provides SMEs with funding to help them improve their capabilities to participate within the defence supply chain.
The WA Defence-Ready Initiative provides funding to Western Australian small to medium enterprises (SMEs) to undertake improvements in specific areas of their business capabilities, to assist in meeting Defence’s requirements.
It is a mechanism to increase the number of Western Australian businesses in becoming ‘defence-ready’ and subsequently entering or advancing their capabilities within the defence supply chain.
Funding will be awarded on a competitive basis. Defence West makes no provisions to approve or to fully fund every proposal submitted to the scheme. Defence West reserves the right to reject proposals without consideration.
The Defence-Ready initiative supports defence related improvements in business capabilities. Requests for funding should be in the order of $1,000 to $10,000, but requests outside of this range will be considered where there is a compelling business case.
Examples of ways in which the Defence-Ready funds can be applied include, but is not limited to:
- Cyber Security Upgrades
- Certification activities
- Defence Industry Security Program (DISP) improvements
- Defence conferences or workshop involvement
The Defence-Ready initiative is open to Western Australian SMEs. To be eligible for funding, applicants must meet the following criteria:
- Have an Australian Company Number (ACN) or Australian Business Number (ABN) and be solvent
- Be a for-profit organisation
- Have their operating facilities based in Western Australia and continue to be based in WA for at least the next 12 months
- Have been trading for at least two years (although JTSI reserves the right to support application where the business has been trading for less than two years)
- Have less than 200 employees (although JTSI reserves the right to support applications with more than 200 employees on a case-by-case basis).
The lead participant (applicant) is responsible for ensuring that any legal agreements and Intellectual Property arrangements that may be needed to support their activity are established before finalising the Defence-Ready Funding Agreement.
Applications close 11 October 2020.