Forty innovative technology-business projects have been awarded funding in the second round of Priming Grants announced yesterday by Senator Arthur Sinodinos AO, Minister for Industry, Innovation and Science.
Priming Grants are a program of the Global Connections Fund which 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).
Priming Grants, each of $7,000, support early stage international Researcher-SME engagement in key industry priority areas – advanced manufacturing; food and agribusiness; medical technology and pharmaceuticals; mining equipment, technology and services; and oil, gas and energy resources.
Some 65 per cent of grants were awarded in the medical technology and pharmaceuticals and the advanced manufacturing sectors.
The $280,000 funding was awarded to 23 Australian researchers and 17 Australian small to medium sized businesses.
The geographical breakdown of the awardees’ partner economies were Europe (42.5 per cent) the US (35 per cent) and Asia (22.5 per cent).
The Academy was impressed with the range and quality of the applications received and will publish profiles of the successful projects.
Dr Margaret Hartley FTSE, Chief Executive Officer of ATSE said: “The Priming Grants provide flexible and targeted funding to allow researchers and businesses to pursue commercialisation opportunities globally and have been in strong demand from those working in the five industry priority areas.”
The Minister also announced that a second round of Bridging Grants (up to $50,000) has opened.
The Global Connections Fund, administered by ATSE, is an initiative of the Australian Government’s National Innovation and Science Agenda funded by the Department of Industry, Innovation and Science. Full details are on the Global Connections Fund website.
Issued by: Australian Academy of Technology and Engineering