AusIndustry Program Summary AusIndustry is the Australian Government’s principal business program delivery division in the Department of Innovation, Industry, Science and Research. AusIndustry delivers more than 30 business programs, worth about $2 billion a year, to more than 12,000 businesses and 85,000 individuals, in the areas of: innovation grants tax and duty concessions small business development industry support venture capital. AusIndustry offers both entitlement and concession programs. For grants-based programs, customers compete for limited funds, based on the merit of their application. For concessions, such as an R&D Tax Concession, a customer makes a claim, based on their self-assessed eligibility. Call the AusIndustry hotline on 13 28 46, or visit www.ausindustry.gov.au for more information. AusIndustry also has Customer Service Managers located in more than 20 offices across Australia to assist customers. Subscribe to AusIndustry’s ‘e-bulletin’ or ‘email updates’ on the website to receive regular updates and information about AusIndustry programs. Also available to small business, is a Small Business Support Line which provides an initial 'single' point of contact to access information and referral services, please call 1800 77 7275. A useful business online service is www.business.gov.au , where you can register your ABN, access or download 2500 checklists and information for starting, growing and exiting your business.
All material on the AusIndustry Internet site is Copyright, Commonwealth of Australia.
AusIndustry programs – by sector and by application status Page no.
Application status
4
Open
R&D Tax Concession
4
Open
R&D Tax Credit
5
Open July 2010
Automotive Competitiveness and Investment Scheme
5
Open
Automotive Transformation Scheme
5
Open 2011
Re-tooling for Climate Change
5
Open
Clothing and Household Textile Building Innovative Capability Program
6
Not yet open
TCF Corporate Wear Scheme
6
Open
TCF Expanded Overseas Assembly Provisions Scheme
6
Open
TCF Product Diversification Scheme
7
Open
TCF Strategic Capability Program
7
2010
TCF Post-2005 Strategic Investment Program Scheme
7
Open
TCF Small Business Program
8
Open
Ethanol Production Grants
8
Open
Green Building Fund
8
Open
LPG Vehicle Scheme
9
Open
Early Stage Venture Capital Limited Partnerships
9
Open
Venture Capital Limited Partnerships
10
Open
Certain Inputs to Manufacture
10
Open
Enhanced Project By-law Scheme
11
Open
Space Concession
11
Open
Tradex
11
Open
Sector / Program – Active programs Sector - Innovation and R&D Green Car Innovation Fund Sector - Innovation - Tax Concession Programs
Sector – Manufacturing Industry
Sector - Resources and Energy
Sector - Venture Capital
Sector - Import and Export
18 February 2010
2
Programs administered by AusIndustry but closed to new applications Sector – Innovation and R&D (closed) Commercialising Emerging Technologies (COMET)
12
Closed
Climate Ready
12
Closed
Industry Cooperation Innovation Program
12
Closed
Commercial Ready Program
13
Closed
Renewable Energy Development Initiative Program
13
Closed
13
Closed
Ethanol Distribution Program
13
Closed
Renewable Energy Equity Fund
14
Closed
Innovation Investment Fund
14
Closed
Innovation Investment Follow-on Fund
15
Closed
Pooled Development Funds
15
Closed
Pre-Seed Fund
15
Closed
Building Entrepreneurship in Small Business Program
16
Closed
Small Business Advisory Services
16
Closed
Small Business Online
16
Closed
TQUAL Grants
17
Closed
Australian Tourism Development Program
17
Closed
Geelong Innovation and Investment Fund
17
Closed
Innovation and Investment Fund for South Australia
18
Closed
South Australia Innovation and Investment Fund Industry Development Program
18
Closed
North East Tasmania Innovation and Investment Fund
19
Closed
North West and Northern Tasmania Investment and Innovation Fund
19
Closed
Sector – Manufacturing Industry (closed) Stage 2 Motor Vehicle Producer Research & Development Scheme 2004 Sector – Resources and Energy (closed)
Sector – Venture Capital (closed)
Sector – Small Business (closed)
Sector – Tourism (closed)
Sector – Structural Adjustment Funds (closed)
18 February 2010
3
Innovation – Grants Programs (Active) Green Car Innovation Fund
Application status: Who
This is a merit-based program to provide assistance to Australian companies for projects that enhance the research and development and early stage commercialisation of Australian technologies. This program is directed towards projects that can help reduce C02 emissions or fuel consumption in cars.
One stream of the program is open to motor vehicle producers. The second stream is open to Australian companies, individuals and other entities (who warrant to form a company if offered funding). It is also open to collaborations.
Grants start at $100,000 for up to 25% of the costs of the project.
The Green Car Innovation Fund is a $1.3 billion program that will provide assistance over ten years from 1 July 2009.
The program is open for applications on a continuous basis. To apply, potential applicants should first complete an enquiry form available on the AusIndustry website.
Length and value
Estimated value for 2009-10: $168.31 million.
Open
Benefits The Green Car Innovation Fund provides assistance in the form of grants to support research and development and the early stage commercialisation of Australian technologies that significantly reduce fuel consumption and/or greenhouse gas emissions of motor vehicles and contribute to a sustainable and internationally competitive Australian automotive industry. Grants are provided at a ratio of $1 of government funding for every $3 of eligible expenditure contributed by the grantee.
Innovation – Tax Concession Programs (Active) R&D Tax Concession R&D Tax Concession is a broad-based, market-driven tax concession to encourage increased research and development in Australia. It enables companies to deduct qualifying expenditure incurred on R&D activities when lodging their corporate tax return. The concession has four elements: 125% Concession The base concession provides a 125% deduction for R&D expenditure. R&D Tax Offset Small companies can cash out their deductions as an offset. This aims to assist small companies in tax loss. The offset provides innovative small companies, particularly those in tax loss who cannot gain immediate benefit from the R&D Tax Concession, with an opportunity to increase their cash flow when they most need it during their initial growth phase. Incremental Tax Concession (175% Premium) A 175% deduction is available to companies increasing their R&D above their three year rolling average. This is also available as an offset for small companies. This provides small companies with a refundable tax offset, equivalent to the value of the deduction available under the R&D Tax Concession provisions.
Application status: Who Companies incorporated in Australia undertaking R&D. Length and value Commencing on 1 July 1985 the R&D Tax Concession is the Government’s principal initiative to increase the amount of research and development undertaken in Australia.
Open
Benefits To claim the concession, companies need to register with AusIndustry within 10 months after the end of the relevant income year.
A record number of 6,806 firms registered for the R&D Tax Concession program in 2006-07, an increase of 6 per cent over the previous year. These companies reported $11.6 billion in R&D expenditure. R&D Tax Offset For the income year 2006-07, as at 30 June 2008, 2,430 companies intended to claim the R&D Tax Offset, reporting $711.1 million in R&D expenditure. Started in 2001.
Incremental Tax Concession (175% Premium) For the income year 2006-07, as at 30 June 2008, 1,295 companies intended to claim this tax concession, reporting $6,492.4 million in R&D expenditure.
Incremental (175% International Premium) Tax Concession This targets companies belonging to a multinational enterprise group, where R&D is on behalf of a grouped foreign company. This provides a 175% deduction for additional R&D expenditure above a rolling three-year average. The base expenditure is generally eligible at 100%. This started for whole years from 1 July 2007. The program is open for applications on a continuous basis. You need to register 1218 months in advance to claim your concession.
18 February 2010
4
Innovation – Tax Concession Programs (Active) (cont.) Application status: Open to applications from July 2011
R&D Tax Credit The R&D Tax Credit will be a broad-based, market-driven package to replace the R&D Tax Concession with a tax credit system. Key points in relation to the package include: • a 45% refundable tax credit (equivalent to a 150% tax deduction) will be provided to firms with a turnover of less than $20 million per annum • a 40% non-refundable tax credit (equivalent of a 133% tax deduction) will be provided to firms with a turnover of $20 million or more per annum. Before the introduction of the R&D Tax Credit, as an interim measure, the R&D expenditure cap for the existing R&D Tax Concession Offset was increased from $1 million to $2 million from July 2009.
Who Companies undertaking research and development activities in Australia. Length Legislation to establish the R&D Tax Credit is to have effect from 1 July 2010 for income years which commence on or after that date.
Companies undertake activity under the program from July 2010 with applications for registration from July 2011. Should you wish to register your interest for this program, please contact the AusIndustry hotline on 13 28 46 or hotline@ausindustry.gov.au. Further information on the R&D Tax Credit program will be provided as it becomes available.
Sector – Manufacturing Industry (Active) Automotive Competitiveness and Investment Scheme This is an entitlement program, issuing quarterly import duty credits to registered Australian businesses within the automotive industry. Entities wishing to access ACIS must first make an application for registration. Once registered for the scheme, participants have an obligation to make quarterly returns for assistance.
Who
Application status:
• Motor vehicle producers. • Automotive component producers. • Automotive machine tool and tooling producers. • Automotive service providers.
Benefits
Estimated customer base for 2008-09: 200 Length and value The scheme has two stages, each lasting five years. About $5.6 billion will be distributed during the 10 year length of the scheme.
On 10 November 2008, the Government announced A New Car Plan for a Greener Future. In this plan, the $3.4 billion Automotive Transformation Scheme (ATS) was created and will replace ACIS Stage 3. ACIS Stage 3 was to run from 2011 to 2015, ATS will extend funding to 2020.
Stage 1: January 2001 to 31 December 2005. Stage 2: January 2006 until 31 December 2010. In Stage 2 of the scheme, the $150 million MVP R&D scheme was introduced specifically for motor vehicle producers.
Automotive Transformation Scheme
Who
On 10 November 2008, the Government announced a New Car Plan for a Greener Future. The Automotive Transformation Scheme is an integral part of this plan and is an entitlement program, issuing cash payments to registered Australian businesses within the automotive industry. The Automotive Transformation Scheme will run from 1 January 2011 to 31 December 2020.
Re-tooling for Climate Change The program provides grants between $10,000 and $500,000 to small and medium sized businesses undertaking manufacturing activities in Australia - for up to fifty per cent of the cost of projects that improve the energy and/or water efficiency of their production processes. The application forms are available by contacting the AusIndustry hotline on 13 28 46 or by emailing hotline@ausindustry.gov.au
18 February 2010
• Motor vehicle producers. • Automotive component producers. • Automotive machine tool and tooling producers. • Automotive service providers. Estimated customer base for 2010-11: 200
Open
The scheme aims to encourage new investment and innovation in the automotive industry. It provides import duty credits to registrants actively involved in motor vehicle manufacturing and the original equipment supply chain. Outcomes Stage 2 of the scheme will provide approximately $2.8 billion worth of assistance to the Australian automotive industry.
Application status: 2011
Open in
Documentation for this program is currently being developed. Should you wish to register your interest for this program, please contact the AusIndustry hotline on 13 28 46 or hotline@ausindustry.gov.au
Length and value Running from 1 January 2011 to 31 December 2020 and providing $3.4 billion to the industry. Who Small and medium sized businesses undertaking manufacturing activities in Australia. The turnover of an applicant entity must have been less than $100 million in the financial year prior to the year in which the grant application is submitted. Length and value
Application status:
Open
Benefits The program aims to help small and medium sized Australian manufacturers to reduce their environmental footprint, through projects that improve the energy and/or water efficiency of their production processes.
The program runs for four years 2008-09 to 2011-12. Customers may apply at any time, and applications will be assessed on a regular basis throughout the year by Innovation Australia.
5
Sector – Manufacturing Industry (Active) (cont.) Clothing and Household Textile Building Innovative Capability Program Assistance is in the form of annual entitlement grants, paid in arrears, for eligible clothing and household textile manufacturers. The Government has announced that the program will commence in 2010-11, and will replace the current TCF Post-2005 Scheme and the TCF Product Diversification Scheme. From 2011-12 onwards, eligible businesses will be able to lodge a claim each year for money that has been spent in the previous financial year.
Textile, Clothing and Footwear Corporate Wear Scheme The program allows employers to register non-compulsory occupational clothing, which allows employees to claim the cost of purchasing and maintaining this clothing as a tax deduction. It also exempts employers from any related FBT liability.
Who Australian businesses undertaking eligible clothing and household textile design and manufacturing activities, subject to legislated criteria. Length and value Total funding of $112.5 million will be provided for five years from 2011-12 to 2015-16, with annual funding of up to $22.5 million. Information about the Clothing and Household Textile Building Innovative Capability program will be available at www.ausindustry.gov.au , or contact the AusIndustry Hotline hotline@ausindustry.gov.au or 13 28 46.
Application status
The program is anticipated to commence in 2010-11. Documentation covering eligibility and registration requirements for this new program is currently being developed. Benefits The Building Innovative Capability program will foster the development of a sustainable and internationally competitive clothing and household textile design and manufacturing industry by providing incentives to eligible businesses to undertake innovation activities.
Who Employees of Australian businesses and organisations with uniforms registered on the corporate wear register are entitled to tax deductions. Their employers are exempt from any fringe benefits tax liability.
Application status:
Estimated customer base (businesses with non-compulsory uniforms) for 2009-10: 18,200 businesses and organisations.
The people who benefit from this scheme are the employees.
The estimated number of people claiming clothing expenses in 2009-10: 459,000.
Outcomes Projected tax concessions for 2009-10: $93.1 million.
Australian businesses wishing to offer their employers the benefit of a non-compulsory uniform are encouraged to contact the corporate wear hotline on 03 9268 7944.
Length Started 1993.
TCF Expanded Overseas Assembly Provisions Scheme
Who
To be part of this scheme, companies register with AusIndustry and concessions are calculated by the Australian Customs and Border Protection Service when the goods are imported.
Open
Benefits The register aims to encourage retention in Australia of uniform manufacturing and design capabilities.
Application status:
Provides duty concessions to firms who assemble garments and footwear overseas from predominantly Australian fabric and/or leather, who then import them back into Australia for local consumption.
Not yet open
Open
Benefits Registered Australian TCF manufacturing and/or design firms. Estimated customer base for 2009-10: 37. Length and value Started June 1999. The scheme is expected to provide $34 million in concessions to 2005 and a further $27 million to 2010. The scheme closes 30 June 2010.
The scheme aims to provide a viable strategy for the Australian TCF industry to counter international competitive pressures. It does this through a combination of domestic sourcing and cost-competitive off shore assembly of finished apparel and footwear. Outcomes Duty forgone for the 2006-07 financial year was $3.2 million.
Estimated value for 2009-10: $4 million.
To register call the AusIndustry hotline on 13 28 46.
18 February 2010
6
Sector – Manufacturing Industry (Active) (cont.) Application status:
TCF Product Diversification Scheme
Who This is an entitlement program which provides Clothing and finished textile firms, eligible to be paid a grant under the TCF Postduty credits to eligible clothing and finished 2005 (SIP) Scheme. textile firms. The scheme provides $5 million a year in duty Estimated customer base for 2009-10: credits. Applicants must be an eligible clothing 59. or finished textile company as defined under the TCF Post-2005 (SIP) Scheme. Length and value This is an annual program. The Government has announced that applications will close in The value of the scheme is $25 million the financial year 2009-10, for final credit over 5 years, from 2006-07 to 2010-11. issue in 2010-11. Funds for the remaining 5 years of the Entities need to submit a request for duty scheme have been reallocated to the credit along with their TCF Post-2005 (SIP) Clothing and Household Textile Building claim for the relevant program year. Innovative Capability Program (outlined above). Estimated value each year: $5 million
Textiles, Clothing and Footwear Strategic Capability Program Assistance is in the form of grants. These are allocated through a competitive selection process that considers the applicant’s management capability, the project’s contribution to building innovative capability and its promotion to the wider TCF community.
TCF Post-2005 Strategic Investment Program Scheme This is an entitlement program, with grants paid annually to registered TCF firms to 2010/11.The grants reimburse a proportion of the firm’s eligible expenditure which was incurred in the previous financial year. Firms undertaking eligible clothing and finished textile activities will be able to receive benefits for an additional five years until 2015/16 with the last five years of the program anticipated to be replaced by the announced Clothing Household Textile Building Innovative Capability Program (outlined above).
Who Australian TCF manufacturers and, through consortia, other entities. Length and value This $30 million TCF program will provide assistance over five years starting in 2010-11. Information on the development of the program can be found at www.ausindustry.gov.au or contact the AusIndustry hotline at hotline@ausindustry.gov.au or call 13 28 46.
Open
Current opening and closing dates: applications are accepted with an eligible TCF Post-2005(SIP) claim between 1 July and 28 February each financial year. Benefits The scheme helps eligible clothing and finished textile entities located in Australia to internationalise their sourcing arrangements and complement their product range. It does this by providing duty credit that can be used to offset duty payable on qualifying finished clothing or finished textile articles that are imported. Outcomes The scheme is providing additional assistance for clothing and finished textile producers and designers registered under the TCF Post-2005 (SIP) Scheme, assisting them to diversify the range of goods that they can offer in the domestic market. Application status:
TBA
Funding for this program will commence on 1 July 2010. Documentation for this program is currently being developed. Benefits The Strategic Capability Program will support large strategic projects aimed building innovative capability.
Application status:
Open
Who
Benefits
TCF manufacturing and/or design businesses.
The scheme aims to develop a sustainable and internationally competitive TCF manufacturing and design industry in Australia.
Estimated customer base for 2009-10: 505 Length and value
It does this by providing incentives to promote investment and innovation.
Started July 2005 and ends June 2011. Expenses for 2008-09: $97.31 million Estimated value for 2009-10: $99.29 million.
Entities need to register each year before the beginning of each financial year. Claims can be lodged between 1 July and 28 February the following year. Application forms are available on the website or by calling the AusIndustry hotline on 13 28 46.
18 February 2010
7
Sector – Manufacturing Industry (Active) (cont.) TCF Small Business Program This is a competitive, merit-based grants program. The grants, up to $50,000 each, are for projects that will improve the business enterprise culture of TCF small businesses. Grants are allocated to certain textile, clothing and footwear small businesses which do not qualify for assistance under the TCF (SIP) or TCF Post-2005 (SIP) Schemes. AusIndustry publicly calls for applications for grants once a year. To register your interest, call the AusIndustry hotline on 13 28 46 or email hotline@ausindustry.gov.au Round 5 open till 26 February 2010.
Who
Application status:
Open
Benefits The program is open to any eligible TCF small business or a consortium which includes an eligible TCF small business. A TCF small business has less than 20 employees, and undertakes eligible TCF activities as defined by the TCF Post-2005 (SIP) Scheme. Estimated customer base for 2009-10: 85-100. Length and value Program funding commenced in July 2006 and ends in June 2016. $2.5 million is available for grants in each year of the program. Estimated value 2009-10: $2.67 million.
Round 4 closed on 27 February 2009. Round 3 closed on 15 February 2008.
The program is targeted at textile, clothing and footwear small businesses unable to receive assistance under the TCF (SIP) or TCF Post-2005 (SIP) Schemes. Successful projects must improve the nature and style of the decision-making and production processes that occur within an eligible small business. The program is targeted at TCF small businesses that have: • the capacity to plan beyond short term • a willingness to take risks • a growth orientation • creativity, and • a strategic approach, including identifying new business opportunities. Outcomes Four rounds have been held with 274 projects worth $9.94 million funded.
Sector – Resources and Energy (Active) Ethanol Production Grants Ethanol grants are paid for the production of ethanol in Australia from biomass feedstock that is blended into or used as transport fuel in Australia. Grants are paid at 38.143c per litre of eligible ethanol. Applications are invited at any time throughout the life of the program and are considered on a case-by-case basis.
Who Ethanol producers. Estimated customer base for 2009-10: 5. Length and Value The program started on 18 September 2002 and is available until 30 June 2011.Total value of the program is $618.53 million until June 2011.
Application status:
Open
Benefits The program increases the availability of biofuels in the domestic transport market. Outcomes The program has supported the production of fuel ethanol in Australia.
Expenses for 2008-09: $79.8 million Estimated value for 2009-10: $160 million.
Green Building Fund
Who
Application status:
Applications are accepted on an ongoing basis.
Owners of existing commercial office buildings (Stream A).
Benefits
Two different types of grants are available.
Building related or other relevant industry organisations (Stream B).
The Green Building Fund aims to reduce the greenhouse gas emissions impact of the built environment, by reducing the energy consumed in the operation of existing commercial office buildings located in Australia.
Stream A of the program will provide grants of between $50,000 and $500,000, up to a maximum of fifty per cent of the total cost of a project directed towards retro-fitting or retro-commissioning an existing commercial office building, to reduce greenhouse gas emissions through a reduction of the base building energy consumption. Stream B of the program will provide grants of up to $200,000, for up to 50% of the total cost of a project to improve the skills and capability of those involved with the operation of commercial office buildings, and to reduce carbon emissions by improving energy efficiency. Applications are accepted on an ongoing basis.
18 February 2010
Length and value Stream A – Six funding rounds have been announced, with further rounds subject to funding availability.
Open
Round 5 closed 12 January 2010 Round 6 open until 27 April 2010. The maximum project period is two years. Stream B – Two rounds will be held. Round 1 closed 15 January 2009. Round 2 (final round) closed 12 January 2010. Maximum project period is one year.
8
Sector – Resources and Energy (Active) (cont.) Application status:
LPG Vehicle Scheme There are different grants available, subject to eligibility criteria. For a LPG conversion or new LPG vehicle purchased on or after 1 July 2009: 1. For the LPG conversion of a registered vehicle: • $1,750 for a conversion completed between 1 July 2009 and 30 June 2010; or • $1,500 for a conversion completed between 1 July 2010 and 30 June 2011; or • $1,250 for a conversion completed between 1 July 2011 and 30 June 2012; or • $1,000 for a conversion completed between 1 July 2012 and 30 June 2013; or • $1,000 for a conversion completed between 1 July 2013 and 30 June 2014. 2. For the purchase of a new vehicle fitted with LPG before first registration: • $2,000 (This includes vehicles fitted with LPG at time of manufacture and vehicles fitted with LPG after manufacture but before first registration).
Open
Benefits Who The grants are available to individuals who convert a registered vehicle to LPG or buy a new vehicle fitted with LPG before first registration. Vehicles must be for private use. To apply for a grant, customers need to lodge an application form with supporting documents within 12 months from the date of the LPG conversion of a registered vehicle, or the date of purchase of a new LPG vehicle.
The scheme increases the use of LPG as a transport fuel. Outcomes As at 30 September 2009, 242,024 customers have been supported by the program.
The number of customer claims for 2008-09 is 85,065. Length and value The program started on 14 August 2006 and will run until 2014. Expenses for 2008-09: $169.79 million. Estimated value for 2009-10: $140.54 million.
For information on grants for LPG conversions or new LPG vehicle purchases completed before 1 July 2009, call the AusIndustry hotline on 13 28 46.
Sector – Venture Capital (Active) Early Stage Venture Capital Limited Partnerships Program This program will gradually replace the Pooled Development Funds Program, which closed to new registrations on 21 June 2007.The program is an entitlement program that provides flowthrough tax treatment (i.e. it is not a taxing point) and any returns on its investments are tax exempt in the hands of its investors (limited partners), both domestic and foreign. A partner’s share of a loss arising from the disposal of an eligible investment by an ESVCLP is not deductible. Australian businesses looking to finance their growth may be able to access capital from funds registered under this program if their total assets are no more than $50 million and their primary activity is not finance or property development. The Fund Managers can be approached directly and their contact details are on the AusIndustry website.
18 February 2010
Application status:
Open
Who
Benefits
Fund managers seeking to raise a new venture capital fund to make investments in Australian businesses with total assets of not more than $50 million can apply to register their fund as an Early Stage Venture Capital Limited Partnership. An application form is available from AusIndustry.
The program aims to stimulate Australia’s venture capital sector by making available to fund managers a world class investment vehicle.
A fund must have an approved investment plan and be structured as a limited partnership with capital of at least $10 million and not more than $100 million.
• flow-through tax treatment—that is, a fund is not a taxing point • limited partners are exempt from tax.
Applications are accepted on an ongoing basis.
Registration as an Early Stage Venture Capital Limited Partnership entitles a fund to:
The general partner is entitled to have its carried interest taxed on capital account rather than revenue account, if structured as a Venture Capital Management Partnership.
Length and value Started June 2007. Estimated customer base for 2009-10: 6.
9
Sector – Venture Capital (Active) (cont.) Venture Capital Limited Partnerships Program This is an entitlement program that provides new venture capital funds and their foreign investors with an exemption from capital gains tax on eligible investments. The fund receives flow-through tax treatment (i.e.-it is not a taxing point) and any returns on its investments are taxed in the hands of the investors (limited partners). Australian businesses looking to finance their growth may be able to access capital from funds registered under this program if their total assets are no more than $250 million and their primary activity is not finance or property development. Fund Managers can be approached directly and their contact details are on the AusIndustry website.
Application status: Who Fund managers seeking to raise a new venture capital fund to make investments in Australian businesses with total assets of not more than $250 million can apply to register their fund as a Venture Capital Limited Partnership. An application form is available from AusIndustry. A fund must be structured as a limited partnership with capital of at least $10 million. Applications are accepted on an ongoing basis. Length and value Started December 2002. Estimated customer base for 2009-10: 40
Open
Benefits The program is aimed at stimulating the Australian venture capital sector by attracting foreign investors. A venture capital fund registered as a Venture Capital Limited Partnership is entitled to flow through taxation treatment. Its foreign limited partners receive a capital gains tax exemption for gains made on eligible investments. The general partner is entitled to have its carried interest taxed on capital account rather than revenue account, if structured as a Venture Capital Management Partnership Outcomes As at 30 June 2008, Venture Capital Limited Partnerships had invested $1.11 billion in 147 businesses.
Sector – Import and Export (Active) Certain Inputs to Manufacture Scheme Provides duty free entry for eligible goods used in activities directed towards export enhancement or import replacement. Broadly, the eligibility of goods is restricted to chemical, plastic and paper raw materials and intermediate goods and certain food packaging that have a substantial and demonstrable performance advantage over those produced in Australia. Applications are open on an ongoing basis.
Application status:
Open
Who
Benefits
Manufacturers who rely on regularly importing eligible raw materials or intermediate goods to enhance production of exports or replace imports.
The scheme helps to improve the competitiveness of Australian manufacturers that must use imported materials.
Estimated customer base for 2009-10: 7.
The program also encourages the involvement of Australian industry in supplying materials and services.
Length and value Started 1998. Estimated value for 2009-10: $4 million.
Outcomes Revenue forgone since 2007-08 is $6.71 million.
To apply, customers can lodge an electronic application but a hard copy must be submitted to the Policy By-laws section in Canberra within five business days of the electronic copy being submitted. The electronic form is available on the AusIndustry website.
18 February 2010
10
Sector – Import and Export (Active) (cont) Enhanced Project By-law Scheme Provides duty free entry on eligible goods for major investment projects in the mining, resource processing, food processing, food packaging, manufacturing, agriculture, water supply, power supply and gas supply industries. Customers should contact AusIndustry at the earliest possible stage of a project as the application process has two stages, project acceptance and the implementation report. During September 2009, public consultations were conducted on proposed changes to the EPBS and the Tariff Concession. Submissions on the proposed changes closed 9 October 2009. Updated guidelines to be issued in late 2009/early 2010.
Application status: Who Proponents operating in one of the eligible industry sectors that have an eligible project with project expenditure on eligible goods of $10 million or more. Australian suppliers to these projects also benefit from the scheme through opportunities for Australian industry participation.
Open
Benefits To encourage and enhance investment in world class operations while providing major opportunities for local businesses to participate. Outcomes
Estimated customer base for 2009-10 (new customers): 45.
The scheme has received 457 applications and 408 have been approved.
Length and value Started 1 July 2002.
Total duty forgone to date for the scheme is more than $458 million.
Estimated value for 2009-10: $60 million.
Applications are open on an ongoing basis. To apply, customers can lodge an electronic application but a hard copy must be submitted to an AusIndustry State/Territory office within five business days of the electronic copy being submitted. The electronic form is available on the AusIndustry website.
Space Concession Program Provides duty free entry of certain goods imported into Australia for use in authorised space projects. A project must be authorised as a ‘space project’ by AusIndustry before an eligible good will be assessed.
Application status: Who Customers: 0. Length and value The guidelines for the program were approved by the Minister on 20 March 2003.
The exemption is on imported goods which are to be exported or to be used as inputs (components) to exports. Businesses must apply for this program before importing their goods. Once granted a Tradex Order remains in place until revoked. Goods must be exported with 12 months unless extended by agreement with AusIndustry.
To increase the competitiveness of the space industry in Australia and to help Australia develop sophisticated spacerelated technology and technical expertise.
Application status:
Open
Who
Benefits
Australian import/export businesses.
The program aims to help Australian companies strengthen their international competitiveness.
Estimated customer base for 2009-10: 1560 Length and value Started 23 June 2000. Estimated cost to revenue for 2009-10: Duty foregone: $80 million GST exempted: $145 million Estimate of customer benefit from GST exemption: $11.1 million.
18 February 2010
Benefits
Estimated value for 2009-10: Nil.
Tradex Provides financial relief to import/export businesses through an up-front exemption from customs duty and GST.
Open
Because the exemption is provided upfront, Tradex can provide significant cash-flow benefits for eligible importers and exporters. Outcomes New applications for Tradex are being approved at a rate of 10 to 12 each month.
11
Closed Programs Sector – Innovation and R&D (Closed programs) Commercialising Emerging Technologies COMET is a merit-based assistance program. It aims to help commercialise innovative products, processes and service. COMET closed to new applications on 31 December 2009 and offered grants assistance from $5,000 to $120,000 that was available to projects with a completion date of no later than 30 June 2011.
From 31 December 2009 COMET was closed to new applications. COMET services and assistance are superseded by the Commercialisation Australia program from 4 January 2010. For further information, visit the Commercialisation Australia website: www.commercialisationaustralia.gov.au
Climate Ready Program This competitive grants program provides grants from $50,000 to $5 million on a matching funding basis to support projects that address the effects of climate change. Companies could apply for funding for any or all aspects of the development of an innovative product, process or service including research and development, proof-of-concept, and early-stage commercialisation. Successful applications were selected on merit and competed for limited funds. AusIndustry is now managing this program for existing projects.
Application status:
Closed
Who Benefits The program provides individuals, earlygrowth stage companies and spin-off companies with a tailored package of support to improve their potential for successful commercialisation. Estimated customer base 2009-10: 382. Length and value Started 1999. Total program funding is $170 million until June 2011. Expenses for 2008-09: $11.33 million Estimated value for 2009-10: $13.20 million.
Who Companies could apply for funding for any or all aspects of the development of an innovative product, process or service including research and development, proof-of-concept, and early-stage commercialisation. The program opened for applications on 28 July 2008. The following four funding rounds were held in 2008-09: Round Round Round Round
1 2 3 4
closed closed closed closed
The program encourages small businesses and individuals to learn new skills—and to commercialise their innovation. The program prompts customers to take stock of their skills, and address any skill shortages. Grantees can access a network of private sector consultant COMET business advisers who guide customers through a tailored assistance plan and help customers' access specialists and attract capital. Outcomes To 31 December 2009 COMET has approved 1,706 applicants for funding of $95.17 million. A total of 1,361 customers have exited the program since inception. Application status: Closed Benefits The Australian Government allocated $240 million to the Clean Business Australia initiative which includes the Climate Ready program. Clean Business Australia aims to establish a partnership with business and industry to deliver energy and water efficient projects with a focus on productivity and innovation.
4 September 2008 4 December 2008 12 March 2009 25 June 2009
Estimated customer base 2009-10: 101. Length and Value Started May 2008 until June 2012. Expenses for 2008-09: $15.91 million Estimated value for 2009-10: $37.57 million.
Industry Cooperative Innovation Program This was a $25 million competitive grants program offering grants ranging from $50,000 to $3 million. The program provides up to 50% of the eligible expenditure costs to support projects focused on meeting a strategic industry sector need.
Application status: Who A minimum of three consortium members to cooperatively conduct a project on behalf of and of benefit to the development of an industry sector. Estimated customer base for 2009-10: 14. Length and value Started June 2005. The program provides funding of $25 million until 2011.
Successful applications were selected on merit and competed for limited funds.
Expenses for 2008-09: $4.88 million
There were three rounds Round 3 results were announced in September 2007.
Estimated value for 2009-10: $4.21 million
Closed
Benefits To support projects which encourage industry to develop and/or meet strategic industry sector needs. The program supports business-tobusiness cooperation on innovation projects both within Australia and internationally that enhance the productivity, growth and international competitiveness of Australian industry sectors. Outcomes Under Rounds 1, 2 and 3, 41 projects were offered $21.47 million in funding.
AusIndustry is now managing this program for existing projects.
18 February 2010
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Sector – Innovation and R&D (Closed programs) Commercial Ready Program This was a competitive grants program that provided small and large grants:
Commercial Ready (large) grants of
$250,001 to $5 million were available for projects up to three years duration.
Commercial Ready Plus (small) grants ranged from $50,000 to $250,000 for projects up to 18 months. Applications were invited at any time, and the program offered funding of up to 50 per cent of a customer’s project costs. AusIndustry is now managing this program for existing projects.
Who
Application status:
Australian small and medium sized businesses undertaking research and development, proof of concept and earlystage commercialisation can apply for either element.
Estimated customer base for 200910: 182.
Benefits The program aims to: • encourage growth and successful innovation in Australian companies by increasing the level of research and development, proof of concept and early-stage commercialisation by Australian businesses • foster greater collaboration with industry and between industry and research institutions, and • generate national benefit for the Australian economy.
Length and value
Outcomes
Started October 2004 until June 2012. Closed to applications in April 2008.
The Commercial Ready program considered 887 applications, with 524 companies taking up the offer of funding to a value of $497.90 million.
Also, companies controlled by Australian universities and public sector research organisations could apply for Commercial Ready Plus.
Expenses for 2008-09: $107.55 million.
Closed
Estimated value for 2009-10: $55.33 million.
Renewable Energy Development Initiative Program This was a competitive grants program for grants from $50,000 to $5 million, on a 5050 matched funding basis. AusIndustry is now managing this program for existing projects.
Application status:
Closed
Who Benefits Australian businesses involved in research and development, proof of concept, and early-stage commercialisation activities involving renewable energy technologies.
The program supports Australian renewable energy innovation projects which have strong commercial and emissions reduction potential.
Estimated customer base for 2009-10: 19.
Outcomes
Length and value
The program considered 70 applications. Twenty-nine projects were granted $66.75 million.
June 2005 until June 2012. Closed to applications April 2008.
Sector – Manufacturing Industry (Closed programs cont.) Stage 2 Motor Vehicle Producer Research & Development Scheme 2004
Who
Application status:
The scheme is accessible to all motor vehicle producers registered under ACIS.
Benefits
A competitive based scheme issuing import duty credits quarterly to motor vehicle producers that have approved projects under the scheme.
Current customer base for 2008-09: 3
This scheme rewards successful projects up to 45c for each $1 spent on eligible research and development. There is up to $150 million in research and development assistance from 2006 to 2010.
Closed
The scheme aims to increase the amount of research and development undertaken by motor vehicle producers in Australia.
Length and value No further rounds are anticipated. The scheme, totalling $150 million over a minimum of two application rounds, started on 1 January 2006 and will end on 31 December 2010.
Outcomes Two rounds have been held and 12 projects worth $141.6 million have been contracted.
Sector – Resources and Energy (Closed programs cont.) Ethanol Distribution Program
Who
Application status:
Closed
Retail service station owners and operators.
Benefits
This was an entitlement program that provided grants of up to $20,000 to retail service stations that upgraded to supply 10% ethanol blended fuel (E10). There were two types of grants: • An Infrastructure Upgrade Grant of up to $10,000 for retail service stations that upgraded existing equipment or installed new equipment to supply E10 before 31 March 2008. • A Sales Target Grant of up to $10,000 for service stations that reached a specific sales target within 12 months of completing the upgrade.
The Sales Target Grant was available to service stations that had also received the Infrastructure Upgrade Grant.
The program has increased the availability of ethanol blended fuel.
Customer base for 2008-09: 597. Length and value
947 service stations participated during the life of the program.
The program commenced on 1 October 2006 and closed for applications on 30 April 2009.
The Department of Resources, Energy and Tourism now manages this program.
Outcomes
Total value of the program: $14.3 million. Value for 2008-09: $7.6 million.
Grant recipients received available funds.
18 February 2010
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Sector – Resources and Energy (Closed programs cont.) Renewable Energy Equity Fund This is a specialist venture capital fund for the commercialisation of renewable energy technologies. All investment decisions are made by the licensed fund manager. An investee company can receive up to a maximum total of $3 million. The Australian Government funding is matched by private sector capital at a 2:1 ratio. This fund is now fully invested. AusIndustry still manages the program on behalf of the Department of Environment, Water and Heritage and the Arts.
Who
Application status:
This fund is open to eligible early-stage companies commercialising renewable energy technology.
Benefits
Closed
$17.7 million to be matched on a 2:1 basis with private-sector capital.
This program encourages development of: • companies and other incorporated bodies which are commercialising research and development in renewable energy technologies, by addressing capital and management constraints, and • fund managers with experience in the renewable energy industry.
Total capital approx $26.6 million.
Outcomes
Estimated total customers (investee businesses) for 2007-08: 13. Length and value Started October 2000.
Estimated value for 2008-09: $0.06 million.
Returns have been made and paid to the Australian Government and the fund’s private investors.
Sector – Venture Capital (Closed programs cont.) Innovation Investment Fund A competitive investment program consisting of 12 venture capital funds that provide venture capital to businesses at the seed, start-up or early expansion stages of their business development. Companies seeking venture capital finance could apply to licensed IIF fund managers who will assess the commercial merits of any investment. Investments can only be made in eligible early-stage technology companies commercialising Australian research. Contractual arrangements are in place and existing funds are still being managed by AusIndustry. The first successful applicants under Round 3 of the program were announced in 2007. Each IIF fund is between $30 million and $50 million and will have a 10-year life.
18 February 2010
Application status:
Closed
Who Potential fund managers could apply for program funding in each annual tranche. Investments can only be made in eligible early-stage technology companies commercialising Australian research. Estimated customer base (total individual investee companies) for 2008-09: 88. Expenditure for 2008-09: $8.14 million Estimated value for 2009-10: $24.48 million.
Benefits The Innovation Investment Fund aims to: • develop fund managers with experience in the early stage venture capital industry • by addressing capital constraints and management constraints, encourage the development of new companies that are commercialising research and development • establish, in the medium term, a ‘revolving’ or self-funding scheme • develop a self-sustaining, early-stage venture capital industry in Australia.
Length and value
Outcomes
The fund managers licensed under round one of the IIF program commenced operations in 1998. The Australian Government invested $221 million in Rounds 1 and 2 of the IIF program. The total funding available is $354 million.
To 30 June 2009 there had been 104 investments into 88 investee companies. There have been 13 investee companies listed on the Australian Stock Exchange, two listings on the NASDAQ and one on the Toronto stock exchange. Several investee companies have brought new products and services to both the Australian and global market.
In Round 3, the Australian Government will appoint up to 10 new fund managers over five years. Up to $20 million in capital will be provided to each fund, which will run for 10 years. As a minimum, the Government’s contribution is matched oneto-one with privately sourced capital.
Five of the IIF fund managers have raised subsequent funds outside the IIF program, significantly contributing to the number and size of venture capital funds under management in Australia. Seventy-nine professional venture capital managers have been developed through the IIF program.
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Sector – Venture Capital (Closed programs cont.) Innovation Investment Follow-on Fund This is a targeted and temporary response to address the lack of capital available in the early stage venture capital market. The fund will have a life of up to 36 months.
Who
Application status:
The IIFF is open to fund managers that have a relationship with the Australian Government. That is, the Innovation Investment Fund Rounds 1 and 2, the PreSeed Fund, the Renewable Energy Equity Fund or the ICT Incubator program.
Benefits
The IIFF is a competitive program. Applications are on a portfolio basis, with managers being allocated funds to be invested in specific eligible Investee Companies.
Eligible investments are restricted to those already supported by these programs.
Contractual arrangements are still in place and the program is still being managed by AusIndustry.
Length
Estimated expenditure value for the three year life of the program: $64.4 million.
The program runs until 5 August 2012, with a possible extension of two years. The fund managers will be required to divest by the end of the program.
Closed
The policy objectives of the IIFF program are to: a) respond to the constraint in accessing capital in the global financial crisis b) support selected fund managers through the provision of additional follow-on investment capital c) ensure early-stage venture capital industry in Australia continues to develop d) achieve value from prior Commonwealth investment by targeting investee companies which have the highest potential to utilise the IIFF funding to continue to develop e) continue to provide the management and entrepreneurial expertise of fund managers to investee companies f) provide funding to investee companies in an expeditious manner, and g) replenish the IIF Revolving Fund with returns from the IIFF program. Outcomes On 6 August 2009, 11 successful applicants were announced that are invited to negotiate governing documents for IIFF.
Pooled Development Funds Program This program closed to new registrations on 21 June 2007 and has been superseded by the Early Stage Venture Capital Limited Partnerships program. Funds registered before that date continue operating in accordance with legislative requirements (eg making and holding eligible investments) and will be entitled to concessional tax treatment.
Pre-Seed Fund The Pre-Seed Fund Program became operational in 2002 and is modelled on the Innovation Investment Fund. The program encourages the private sector to take a more active role in funding and managing the commercialisation of research from universities and Australian Government research agencies such as CSIRO, the Australian Nuclear Science and Technology Organisation, the Australian Institute of Marine Science, the Defence Science and Technology Organisation and Cooperative Research Centres. Contractual arrangements are still in place and existing funds are being managed by AusIndustry.
18 February 2010
Who Australian businesses looking to fund their growth may be able to access capital from funds registered under this program if their total assets are no more than $50 million and their primary activity is not retail or property development. A fund must have an approved investment plan and be structured as a company. There is no limit on the fund’s size.
Application status: Benefits
Closed
The program was aimed at stimulating the Australian venture capital sector.
Estimated customer base for 2009-10: 60.
Registration as a Pooled Development Fund entitles the fund to be taxed at 15% on the income and gains derived from eligible investment. Its shareholders are exempt from tax on the income and gains derived from holding and disposing of Pooled Development Fund shares.
Length and value
Outcomes
Opened July 1992 and closed 21 June 2007.
As at 30 June 2008, Pooled Development Funds had invested $788 million in 704 Australian businesses. Application status: Closed
Who
Benefits There are four Pre-Seed Fund managers with 10 year licences. Subject to specific conditions, investments can be made into projects or companies which have been established to commercialise research. The Pre-Seed Funds have $104.105 million in capital, of which the Australian Government is providing $72.7 million. Private sector investors, universities and public sector research agencies provide the balance. Expenditure for 2007-08: $11.12 million Estimated value for 2008-09: $7.88 million.
The program encourages the commercialisation of and private sector investment in public sector research. Outcomes The program invests in companies or projects, and provides management and technical advice to universities to develop the commercial potential of Australian research. At 30 June 2008, the four fund managers had drawn down capital of $71.15 million, of which $49.45 million was for investment in 68 companies and projects. The program has attracted 28 private investors who collectively have contributed a total of $31.40 million of capital to the four funds.
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Sector – Small Business (Closed programs cont.) Building Entrepreneurship in Small Business Program The Building Entrepreneurship in Small Business program is a suite of four competitive merit-based grant initiatives which supported entrepreneurship by focusing on the ongoing improvement of Australia’s small business operating skills.
Application status: Building Entrepreneurship in Small Business is made up of four initiatives: 1. Training and Mentoring Projects 2. Succession Planning 3. Incubators and 4. Small Business Field Officers.
Benefits The principal objective of the program is to maximise the growth potential, prosperity and sustainability of small businesses through access to information and advice on issues important to sustaining and/or growing small business. There will be no further rounds of funding under the Building Entrepreneurship in Small Business program. Existing contracts under the Training and Mentoring, Succession Planning and Incubator initiatives will be honoured until their nominated expiry dates.
Grants of up to $300,000 were made available for eligible organisations to assist small business in the 2009 calendar year. Funding applications closed on 18 December 2008.
Small Business Advisory Services
Who
Application status:
Not-for-profit, training experts.
Benefits
Grants of up to $100,000 were made available for eligible not-for-profit organisations to deliver high quality small business advisory services to assist small business in the 2009 calendar year.
The 2008-09 Budget provided $42 million over four years to fund 36 Business Enterprise Centres to deliver low cost small business advisory services from July 2008 to May 2012.
Small business advisory services included on business planning advice, advice on loans and banking products, development of simple marketing plans, assistance accessing legal and accounting services, leasing guidance, advice on government regulation and mentoring for business.
Closed
Who
Length and value
Closed
The principal objective of the program is to maximise the growth potential, prosperity and sustainability of small businesses through access to locally-based information providers.
Building on this initiative, the Government announced a new funding measure of a further $4 million in October 2008. Grants were awarded to 54 Business Enterprise Centres and registered business organisations from March 2009 to December 2009.
Applications for funding closed on 18 December 2008 and grants are being managed by AusIndustry through to May 2012. Application status:
Small Business Online Program
Who
This program is a competitive and meritbased grants program. Funding will be provided to third party service providers to help prepare small businesses to engage in e-business capabilities.
The Small Business Online Program funds third party service provider/s to help small businesses go online by offering training seminars on e-business, advice on establishing an online presence and developing other e-business resources.
Funding applications closed on 25 September 2009 and applications are currently being assessed. An announcement of successful applicants is expected by the end of 2009.
18 February 2010
Closed
Benefits
Length and Value
The objective of this program is to assist small businesses, including home-based businesses, to go online, significantly enhance their web presence, increase their website usage, and engage in e-business capabilities to help reduce their costs and improve their market opportunities.
The 2009-10 Budget provides $10 million over two years to implement this program.
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Sector – Tourism (Closed programs cont.) Application status:
TQUAL Grants TQUAL Grants is a highly competitive grants funding program that was formerly known as the Australian Tourism Development Program. There are three categories of TQUAL grant funding, each with its’ own eligibility, evaluation criteria and funding requirements: • Category 1 - grants of between $5,000 and $100,000 for Innovative Tourism Projects • Category 2 - grants of between $100,000 and $500,000 for Integrated Tourism Development Projects • Category 3 - grants of between $25,000 and $500,000 for National or Sectoral Tourism Initiatives. This round of TQUAL Grants, announced in December 2009, has utilised all of the available funding for the program. The program, including its predecessor the Australian Tourism Development Program, will be evaluated in early 2010 and future funding arrangements will be considered as part of Australian Government budget deliberations.
Closed
Who
Benefits
• • •
The aim of TQUAL Grants is to stimulate sustainable growth in the Australian tourism industry by supporting innovative, high-quality tourism products that contribute to the long-term economic development of Australia.
• • • •
Private sector businesses Non-profit organisations Regional tourism or regional economic development organisations Local government agencies National tourism peak bodies National tourism industry associations National tourism sectoral industry associations.
Estimated customer base for 2010-11: 99 (includes existing ATDP customers) Length and value Started 2004-05 - ends in 2010-11. Approximately $40 million allocated over seven years from 2004-05 to 2010-11.
Outcomes Over $32 million was allocated to 201 projects across Australia under rounds 1 to 5 of the Australian Tourism Development Program. Over $8 million was allocated to 70 projects under TQUAL Grants in December 2009. AusIndustry delivers this program on behalf of the Department of Resources, Energy and Tourism.
Budget for 2009-10: $5,107million. Budget for 2010-11: $3,180 million
Australian Tourism Development Program
Application status:
Closed
The Australian Government has redesigned the program formerly known as the Australian Tourism Development Program to TQUAL.
See TQUAL Grants above.
Sector – Structural Adjustment Funds (Closed programs) Geelong Investment and Innovation Fund The Geelong Investment and Innovation Fund was established by the Australian and Victorian Governments, together with Ford Motor Company of Australia Ltd following Ford's restructure of its manufacturing operations in Geelong. The package supports new investment that will create sustainable job opportunities in the Geelong region. Round 2 of the Fund closed on 31 October 2008.
18 February 2010
Application Status:
Closed
Who
Benefits
Eligible applicants are those firms/commercial enterprises who; 1. are legal entities, i.e. with whom the Australian Government, the Victorian Government, and the Ford Motor Company of Australia Ltd can enter into legally binding funding agreements; and 2. can demonstrate the commitment of funding, exclusive of in-kind contributions, the investment proposal which is free of other government funding and which at least matches the funding which is being sought from the Fund.
Eligible investment will be in creating new or additional business capacity designed to enhance employment, business and economic opportunities with a focus on innovative manufacturing and/or technology projects. Outcomes The number of jobs expected to be created under the Fund is 582 with approx $67 million in investment in the Geelong region.
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Sector – Structural Adjustment Funds (Closed programs cont.) Innovation and Investment Fund for South Australia The Innovation and Investment Fund for South Australia is a $30 million competitive grant program established in response to the decision in September 2006 by Electrolux to scale back its Adelaide manufacturing facilities, affecting approximately 500 jobs.
South Australia Innovation and Investment Fund Industry Development Program The South Australia Innovation and Investment Fund was established by the Australian and South Australian Governments following the decision by Mitsubishi Motors Australia Limited to cease its manufacturing operation in Tonsley Park, Adelaide.
Application Status:
Closed
Who Eligible applicants were those firms/commercial enterprises: • who are legal entities, i.e. with whom the Australian Government and South Australian Government can enter into legally binding funding agreements; and, • who can demonstrate the commitment of funding, exclusive of in-kind contribution, to the investment proposal which is free of other government funding and which at least matches the funding which is being sought from the Fund.
Benefits Eligible investment will be in creating new or additional capacity that would enhance employment, business and economic opportunities. Outcomes The number of jobs expected to be created under the Fund is 928, leveraging over $140.2 million in new capital investment in South Australia.
Application Status:
Closed
Who
Benefits
The $30 million Fund assists industry development in South Australia by providing grants to innovate job creation projects to strengthen South Australia's manufacturing and technology base.
The Fund assists industry development in South Australia by providing grants to innovate job creation projects to strengthen South Australia's manufacturing and technology base. Outcomes The number of jobs expected to be created under the Fund is 846, leveraging $131 million in investment in South Australia.
Round 2 of the Fund closed on 29 May 2009.
18 February 2010
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North East Tasmania Innovation and Investment Fund The North East Tasmania Innovation and Investment Fund is a competitive meritbased grants program to support investment to generate employment in north east Tasmania.
Application status: Who
Benefits
The North East Tasmania Innovation and Investment Fund was aimed at business projects creating sustainable employment and economic development in Tasmania's north-east.
The North East Tasmania Innovation and Investment Fund is part of the North East Tasmania Development Package which is a joint $4.3 million initiative of the Australian and Tasmanian Governments. The package included two components: the $3.7 million North East Tasmania Innovation and Investment Fund and a $600,000 North East Business MicroGrants Program (NETMicro).
Grants of over $50,000 were offered to businesses undertaking projects to create new jobs in the north east region of Tasmania and in particular, the Scottsdale area.
NETMicro offers funding for projects seeking less than $50,000 and is delivered by the Tasmanian Department of Economic Development and Tourism.
Funding applications closed on 12 December 2008. All projects are due to be completed by 30 June 2010 and will continue to be monitored by AusIndustry.
North West and Northern Tasmania Innovation and Investment Fund (NWNTIIF) The North West and Northern Tasmania Innovation and Investment Fund is a competitive, merit-based program aimed at companies seeking $50,000 or more in grant funds for investments that create sustainable job opportunities in North West and Northern Tasmania. The Fund is now closed to applications. The closing date for the first round of the Fund was Monday, 1 February 2010 at 5pm AEDST. On 17 February 2010, the Innovation Minister, Senator Kim Carr, announced that due to the strong response to the first round, a second round is not necessary.
18 February 2010
Closed
For more information, contact Business Point on 1800 440 026 or businesspoint@development.tas.gov.au Application Status:
Who The North West and Northern Tasmania Innovation and Investment Fund will provide support for new capital investment that creates sustainable job opportunities in North West and Northern Tasmania. The purpose of the Fund is to support innovative job creation projects that strengthen North West/Northern Tasmania’s regional economic and employment base. The investment could be in a new business or additional capacity that would enhance employment, business and economic opportunities. The Fund will particularly encourage applications for projects that generate high quality, skilled jobs.
Closed
Benefits The Australian Government has established the $17 million North West and Northern
Tasmania Innovation and Investment Fund
to assist with development of the broader North and North West Tasmania economies. The Fund is part of a $20 million joint initiative of the Australian and Tasmanian Governments.
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