New OpportunitiesSouth Australian Research Commercialisation and Start-up Fund
The SA Government has recently launched a $28 million Research, Commercialisation and Start-up Fund (RCSF), for which universities are eligible to apply.
Three streams of funding - Strategic Research Initiatives; Startup and Early Stage Company Incentive, and; Entrepreneurship and Innovation Ecosystem Initiatives – are available and detailed here-in.
Stream 1: The Strategic Research Initiatives Stream, which offers grants of $50,000 to $2,000,000 over four years and encourages:
- co-investment with Commonwealth Government programs (e.g. Cooperative Research Centres, ARC Centres of Excellence, Medical Research Future Fund Initiatives and Australian Renewable Energy grants)
- collaboration with national research organisations that stimulate investment in South Australia (e.g. CSIRO, Defence Science and Technology Group and Rural Research and Development Corporations)
- research into challenges of strategic and critical importance to South Australian (e.g. the financial services sector)
Calls for proposals to address specific initiatives will be announced with details of timing and funding to be specified from time to time.
Stream 2: The Startup and Early Stage Company Incentive which offers grants of $20,000 to $1,000,000 over three years through three entry pathways and provides participants with funding to start and scale their innovative early-stage business. Applications can be submitted at any time for this stream.
Stream 3: The Entrepreneurship and Innovation Ecosystem Initiatives Stream, which offers grants of $20,000 to $500,000 over three years and encourages activities that:
- attract high calibre entrepreneurs-in-residence
- attract Commonwealth Government and private sector support for accelerators and incubators
- strengthen entrepreneurship learning and development
- showcase South Australian entrepreneurship
Expressions of interest can be submitted on an ongoing basis, however specific calls for proposals may be invited at any time by the Department for Industry and Skills for this stream.
For the most part, proposals for funding must include some level of co-contribution and must prioritise local research activity and local industry participation.
Funds can be used for specialist equipment, access to intellectual property, scholarships and study tours. Full details of the Fund, including application and valid expenses guidelines and FAQs can be found on the RCSF website.
An information session will be held on the 25th of February, 2:30 – 3:30 pm at the Department for Industry and Skills for those interested in finding out more information. Please register at Eventbrite.
Dr Sinead O’Connell (Senior Commercial Manager, RDS) is assisting in coordinating Flinders’ submissions. Sinead can provide guidance and is able to link Flinders researchers and research support staff who are working on projects with commonalities.