Australian researchers and businesses can now apply for up to $50,000 to help expand their work overseas, under the latest round of Global Connections Fund Bridging Grants.
The third round of Bridging Grants opened for applications this week, with between $25,000 and $50,000 on offer to help viable Australian projects to grow in scope and scale, and to test commercialisation.
The Bridging Grants help Australian researchers build strong relationships with international partners, leading to the translation of knowledge and intellectual property into market-ready products and services.
They also help existing small-to-medium Australian businesses work with researchers overseas, leveraging their academic expertise to help them compete internationally.
Minister for Jobs and Innovation, Michaelia Cash said it is vital Australian researchers and businesses are given the opportunity to collaborate and share knowledge with counterparts in key global economies.
“Through initiatives such as the Global Connections Fund, the Turnbull Government is helping Australian businesses and researchers collaborate with global partners on projects that build our economy and create job opportunities.
“The Government’s Bridging Grants give our top innovators the support they need to grow their great ideas into viable businesses,” Minister Cash said.
The Global Connections Fund is one of the key internationally-focused measures of the Global Innovation Strategy, part of the Government’s $1.1 billion National Innovation and Science Agenda.
Extraordinary technological change is transforming how we live, work and communicate. Innovation is important to every sector of the economy. Innovation keeps us competitive. It keeps us at the cutting edge. It creates jobs. And it will keep our standard of living high.
Through the National Innovation and Science Agenda, the Turnbull Government is embracing new ideas to deliver the next age of economic prosperity to all Australians.