Manufacturing - Researchers in Business

Previously research grants were onerous. The process of applying for the grant can be time consuming and costly. The complex reporting required is difficult as well. The new Researcher in Business initiative is an attempt to reduce the complexity for smaller grant situations and also stimulate involvement between Research organisations and Industry. The details are on the ATO website and also reproduced below.

InFormGroup can help you to look further into this scheme and assist in the application.

theBizWiz

http://www.boulterassociates.com.au/
http://www.informgroup.com.au/

"Are you a manufacturing firm who needs assistance to develop and implement a new idea with commercial potential? Then Enterprise Connect's new Researchers in Business grant could help you.

Researchers in Business grants provide funding for businesses to employ researchers from universities or public research. Funding for up to 50 per cent of the salary costs for employing the researcher will be provided, to a maximum of $50 000. Placements can be for a period of 2 to 12 months.

To be eligible to apply for Researchers in Business an Australian SME must:

• be registered with an Australian Business Number (ABN)
• have turned over more than $1 million and under $100 million in the preceding/current financial year
• be solvent
• have filed Business Activity Statements for at least three consecutive years
• not have received funding for the project from other Government programs (whether Commonwealth, State, Territory, local or otherwise) within the last three years, and
• be a manufacturing firm or a manufacturing service firms or be eligible for services in one of the Enterprise Connect Innovation Centres.

Further information and application forms can be obtained from Enterprise Connect's website or by calling the Enterprise Connect Hotline on 131 791 during business hours."