Please see
below for industry information that may be of interest to you…
The beneficial ownership test
for the 175% R&D tax concession will be changed to allow claims for R&D
projects undertaken in
Commercial Ready will be an
ongoing programme to support small and medium sized innovating Australian companies.
Having seen the effectiveness of Commercial Ready, the Australian Government
will provide over $200 million per year on an ongoing basis for grants to
Australian companies permanently extending the programme beyond 2010-11.
Innovative micro businesses
and public research spin-offs will be targeted by a new streamlined grants
programme through Commercial Ready. The Australian Government is providing
funding of more than $90 million over ten years for Commercial Ready Plus to
help turn Australian innovations into successful commercial products.
Commercial Ready Plus will specifically meet the needs of these groups which
may be undertaking their first R&D project and need extra start-up
assistance. The programme will provide dollar for dollar support of up to
$250,000 to fund R&D, proof of concept and early stage commercialisation
and will have a simpler, more streamlined application process, providing faster
access to funding.
The Intermediary Access
Programme will help Australian small to medium enterprises (SMEs) increase
their innovative capacity and become more internationally competitive by using
intermediaries to connect SMEs with researchers and other large and small companies.
The Australian Government is providing funding of $ 20.1 million over five
years to help SMEs overcome barriers in acquiring the knowledge that will
increase their international competitiveness.
The Australian Government has
provided funding of $351.8 million over ten years to establish new Australian
Industry Productivity Centres (AIPCs) to help small to medium enterprises
(SMEs) enhance their international competitiveness and tap into global supply
chains. The Centres will assist manufacturing and services businesses to
enhance their productivity.
Australian Industry
Productivity Centres will:
· provide a full suite of business improvement services to assist firms to
capitalise on opportunities;
· help firms better understand and enhance their performance; and
· assist firms to solve practical problems through technology and process
improvements.
The Government will commit
$21.5 million to ensure
· establish a nano-particle measuring capability at the National Measurement
Institute;
· address regulations and standards; and
· provide balanced advice to the community on nanotechnology.
Australian businesses will
receive assistance to break into global supply chains and bid for work on major
international projects through the Australian Government's new $254.1 million
ten year Global Opportunities programme. The programme will assist small and
medium sized enterprises to find and secure overseas contracts. The programme will
identify opportunities in other countries, facilitate trade missions and place
Australian industry experts in international procurement offices.
Global Opportunities provides
resources to investigate up to 33 and to mount bids for up to 16 of these projects
each year. With each project worth at least $500 million, this is a great boost
for Australian industry. The Government has supported the development of a
comprehensive database of Australian industry capabilities, and more recently,
opportunities to maximise local industry participation in major projects in
ITR will work with Austrade,
industry associations, the Industry Capability Network, global companies
operating in
For further details Click Here.
AusBiotech Ltd
Australia's Biotechnology Organisation
Level 1, 322 Glenferrie Road
Malvern VIC 3144
Ph: 03 9828 1400
Fax: 03 9824 5188
www.ausbiotech.org