Funding to foster global business and research partnerships available now
Australian researchers and businesses can receive up to $50,000 funding to take their products global under round four of the Global Connections Fund (GCF) Bridging Grants.
Minister for Industry, Science and Technology Karen Andrews said the grants are designed to strengthen international partnerships between small businesses and researchers.
“Connecting small and medium enterprises with the research community will help grow our economy and create new Australian jobs," Minister Andrews said.
“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.”
To date, $4.2 million in Global Connections Fund (GCF) grants has been used to increase collaboration in science, technology and innovation at an international level.
A device for diagnosing Parkinson’s disease, virtual reality to improve health check-ups, and renewable fertiliser are some of the projects previously supported by the GCF.
Investment in the science, technology, engineering and mathematics sectors will boost Australia’s economic growth, as we work toward a national target of an extra 1.25 million jobs over the next five years.