News

Grants boost outreach to global market

June 3 2019

Australian researchers and businesses can apply to receive grants of between $25,000 and $50,000 to boost their products into global markets.

The Bridging Grants are part of the Australian Government’s Global Connections Fund (GCF), which is administered by the Australian Academy of Technology and Engineering.

The grants help international small and medium enterprise-researcher partnerships grow beyond an initial level of engagement to collaboration that can lead to the translation of research knowledge and intellectual property into market-ready products or services.

Projects previously supported by the GCF include:

  • a device for diagnosing Parkinson’s disease
  • virtual reality to improve health check-ups
  • renewable fertiliser

Minister for Industry, Science and Technology, Karen Andrews, said: “The grants will help strengthen business-researcher relationships and lead to the translation of research knowledge into market ready products and services.

“Connecting small and medium enterprises with the research community will help grow our economy and create new Australian jobs.

“This will also help get innovative ideas off the ground, with the funding supporting early stage proof-of-concept and knowledge transfer, product development and market testing.”

The fourth round of Bridging Grants is now open.

To date, $4.2 million in GCF grants funding has been used to increase collaboration in science, technology and innovation at the international level.

Read the Minister’s media release.