Funding for International Collaboration

NOAH Connect secures Grant Funding for International Collaboration from Global Innovation Linkages Program for Client

Round 3 of the Global Innovation Linkages Program supports research and development projects that help to solve real world challenges and improve lives. Funding has recently been announced and we’re proud to say, our client is one of the successful applicants to have been awarded the grant, securing over $500,000 in Government Funding for their international collaboration to develop complementary preservatives for Australian meat products.

The Grant

The Global Innovation Linkages Program provides funding to help Australian businesses and researchers collaborate with global partners. The Department of industry, Science Energy and resources Program supports strategically focussed, leading-edge research and development. This Round of the Program was strategically focused on six areas: advanced manufacturing; food and agribusiness, medical technologies and pharmaceuticals, mining technology and equipment; energy resources and; cyber security. To be eligible for the grant, a company must collaborate with an University/ Research Organisation and a International commercial partner. 10 collaborative projects will share in $8.5 million in funding to bring together the best and brightest minds from home and abroad to drive innovation and find solutions to complex problems.

The Outcome

NOAH Connect was able to secure $525,000 in funding for our client to work with a Spanish food additives manufacturer and researchers at the University of Tasmania to develop complementary preservatives for Australian meat products. This is a great win for our client as most other grant recipients were led and awarded to universities/ research institutions.

If you would like to discover more about your eligibility for an upcoming grant opening, feel free to connect with the NOAH Connect team. Applying for a government grant is a complex, time consuming and highly competitive process; we’re experienced in assessing eligibility criteria and will ensure you put forward the strongest application possible.

 

Case Study: Modus wins Funding from Manufacturing Modernisation Fund

The successful grant applications for round 2 of the Manufacturing Modernisation Fund have recently been announced and we’re proud to say, our client, Modus, is one of the successful applicants to have been awarded the highest funding under the grant, securing a $1M grant.

The Grant

$55 million in federal government grants was available under round 2 of the Manufacturing Modernisation Fund (MMF) to support transformation in small and medium manufacturing businesses. 85 businesses shared in the grants this year which will help transform their manufacturing facilities and support job growth, enabling a highly skilled workforce. MMF aims to help Australian manufacturers scale-up, compete internationally and create jobs.

Our Client – M.O Brewing

M.O Brewing was founded by Jaz and Grant Wearin in 2014 with their first Brewery in Mona Vale on Sydney’s Northern Beaches. Only four short months after opening the brewery’s doors, they collected a staggering swag of accolades at the Craft Beer Industry Association’s (CBIA) national awards including trophy for Australia’s Best Amber/Dark Ale; trophy for Best IPA; then Campion Small Brewery; as well as Champion Australian Craft Beer. They are dedicated to brewing the best tasting beer around.

The Outcome

Noah Connect was able to secure $1,000,000 in funding for Modus’ expansion into Merewether, Newcastle with a focus on Brewing NORT, Modus’ new full flavoured non-alcoholic beer

“The NOAH team effortlessly guided us through the grant submission process and took on the brunt of the workload ensuring a competitive grant submission which ultimately resulted in a successful application” Grant Wearin – Founder Modus

If you would like to discover more about your eligibility for an upcoming grant opening, feel free to connect with the Noah Connect team. Applying for a government grant is a complex, time consuming and highly competitive process; we’re experienced in assessing eligibility criteria and will ensure you put forward the strongest application possible.

To find out more about Modus, connect with them on mobrewing.com.au

 

 

 

 

 

 

 

The National Innovation and Science Agenda (R&D Spending)

The word innovation has most likely never been used so much in this country, in both political and general conversation, as it has in the last month. It’s safe to say that’s it the darling new buzzword. Finally.

And the cause of this shift? The National Innovation and Science Agenda (NISA). A $1.1. billion package, delivered through 24 new policies across 11 government portfolios.

As expected, responses have been mixed. Those focussed on numbers have commented that the $1.1 billion proposed is insufficient when considering that the government spends around $10 billion a year on research funding already.

Numbers aside however, the obvious attempt to change cultural perceptions of innovation and ‘reduce the stigma associated with business failure’ is to be commended.

Unlike previous proposals from the government the ‘Innovation Statement’ does present as a well-thought-out and considered proposition, in contrast to the more haphazard approaches we’ve previously seen.

Here is what is proposed:

START-UPS AND EARLY STAGE VENTURES

It seems as though the government may finally address the deeply entrenched negative attitude towards failure in Australia.

20% non-refundable tax offsets will become available to early-stage, angel investors. VCs and other investors that have invested in a start-up for more than 3 years will be exempt from capital gains tax for 10 years. VC investments aimed at expanding existing start-ups will be eligible for a 10% tax rebate.

Furthermore, in an attempt to ‘reduce the stigma associated with business failure’, changes to bankruptcy laws will see investors in a failed venture waiting only one year, as opposed to three, before being able to create a new start-up again.

SCIENCE AND RESEARCH

Addressing Australia’s deficiency in commercializing public research, a $200 million CSIRO innovation fund and BioMedical Translation Fund will support co-investments in new companies and start-ups developed by CSIRO itself or publicly-funded research agencies/universities.

Further working to encourage collaboration between industry and research, again with the aim of increasing commercialization, $127 million over 4 years is being allocated to block grant funding. The difference here is that now income from industry and ‘non-academic impact’ will hold as much weight as merit from research excellence.

$1.5 billion over 10 years will go to the National Collaborative Research Infrastructure Scheme, which explores projects such as ocean monitoring, medical research, and advanced manufacturing.
$800 million over 10 years will also be allocated to two major scientific projects – the Australian Synchrotron and the Square Kilometre Array.

EDUCATION

Over $100 million will go towards not only encouraging students to study more STEM subjects but also towards helping them ‘embrace the digital age and better prepare for the jobs of the future’.

Included in this is also an initiative to encourage more women to enroll in STEM subjects, with the ultimate aim of increasing female involvement in both startups and tech industries.

INTERNATIONAL TALENT AND VISION

Changes will be made to the 457 visas (Temporary Work – Skilled) system to attract more international talent to Australia and encourage international students to remain after graduating. STEM or ICT students will be fast-tracked for permanent residency.

$18 million will assist the international expansion of Australian start-ups, with global ‘launching pads’ to be established in Silicon Valley, Tel Aviv, and three other locations, to facilitate easier travel globally.

WHAT ELSE?

In a move requiring little to no funding, the government’s huge reserves of public data will be made increasing and more easily available. It is also proposed that the huge reserves will be made more ‘machine-readable’. Good news for big data-based businesses.

A link to the full National Innovation and Science Agenda can be found here.