Industry, Innovation and Science Minister Greg Hunt has announced 14 new Bridging Grants worth more than $660,000.
The new grants, administered by ATSE through the Global Connections Fund, ranged from $35,000 to $50,000 and were determined by expert panels of ATSE Fellows.
The grants support a range of early research translation/commercialisation activities including proof of concept, market testing and early prototyping of projects. The grants are a competitive matching funds program.
Bridging Grants are a program of the Global Connections Fund which supports collaborative projects with 17 priority economies and is managed by the Australian Academy of Technology and Engineering (ATSE) as part of the Australian Government’s Global Innovation Strategy funded under the Government’s National Innovation and Science Agenda (NISA).
Full details are on the Global Connections Fund website.
Dr Margaret Hartley FTSE, the CEO of ATSE, said that the quality of all applications was very high and the funded project represented outstanding opportunities to translate Australian research knowledge and business R&D into good economic, social and/or environmental outcomes.
“The Bridging Grants require a 50 per cent matching of the grant (in cash and/or in-kind) and the 14 successful projects have collectively contributed some 2.4 times more matching funds than required,” she said.
“This demonstrates the commitment to their projects by these Australian SMEs and researchers and their international partners and bodes well for the success of these innovation developments.”
Issued by: Australian Academy of Technology and Engineering (ATSE). Contact: Bill Mackey, Deputy CEO/ 03 9864 0902 / 0418 923 370
ATSE is an independent not-for-profit organisation of more than 800 eminent Australian scientists, technologists and engineers enhancing Australia’s prosperity through technology and innovation