The program aims to stimulate innovation in small-to-medium enterprises (SMEs) through collaboration with public and private research providers to develop new manufactured products or processes and drive productivity and business profitability.
Vouchers up to $50,000 are awarded on a competitive basis to eligible research and development projects that partner with SMEs with an annual turnover of less than $200 million. SMEs are required to provide a financial contribution to the project which is determined by annual turnover.
Eligible research and development businesses include public research organisations and companies that provide services for research, development and design. Research and development services for projects include, but are not limited to:
- technical research
- design development
- design validation
- prototype development
- the development of innovative production processes
Applications are accepted on an ongoing basis and generally assessed within six weeks.
Please note that this scheme is administered by Adelaide Research & Innovation (ARI).