Australian researchers and businesses will receive up to $50,000 in funding from the Federal Government to take their products global under the Global Connections Fund (GCF) Bridging Grants.
Karen Andrews, minister for industry, science, and technology, says the grants are designed to strengthen international partnerships between small businesses and researchers.
“The grants will help develop business-researcher relationships and lead to the translation of research knowledge into market ready products and services,” Andrews said.
“Connecting small and medium enterprises with the research community will help grow our economy and create new Australian jobs.”
Andrews says the GCF grants will help get innovation ideas off the ground, with the funding supporting early stage proof of concept and knowledge transfer, product development, and marketing testing.
The Federal Government has to date provided $4.2 million in GCF grants, which has been used to increase collaboration in science, technology, and innovation at an international level.