This scheme within the Commonwealth’s Entrepreneurs' Programme aims to help small and medium businesses to access knowledge, engage with Researchers and foster innovation. This Programme has three types of Innovation Connection Grants:
- Researcher Placement: the placement of a Researcher in the business to work collaboratively on a specific Innovation Connections project in order to develop and implement a new idea with commercial potential (up to a maximum of $50,000);
- Business Researcher Placement: the placement of a Business’ own research employee into a Publicly Funded Research Organisation to work collaboratively on a specific Innovation Connections project and access to research infrastructure (up to a maximum of $50,000);
- Graduate Placement: the employment of a graduate or post graduate (within 2 years of attainment) into the Participant’s business to undertake a specific Innovation Connections project collaboratively with a Publicly Funded Research Organisation (up to a maximum of $30,000).
Innovation Connections projects are up to 12 months in duration, and businesses are required to make a cash contribution that matches the value of the grant. The Industry Partner must be an Australian SME which operates in one of the Industry Growth Centre sectors or provides enabling technologies to one of the five growth centre sectors. Scheme operated by CSIRO SME Connect team and David Fleming is the local representative.
This is a continuous scheme with no fixed deadlines.