Government grants now open for partnerships between small businesses and researchers

Australian researchers and businesses can receive up to $50,000 funding from the federal government to take their products global under round four of the Global Connections Fund (GCF) Bridging Grants.

Minister for Industry, Science and Technology Karen Andrews said the grants are designed to strengthen international partnerships between small businesses and researchers.

“The grants will help strengthen business-researcher relationships and lead to the translation of research knowledge into market ready products and services,” Andrews said.

“Connecting small and medium enterprises with the research community will help grow our economy and create new Australian jobs.

“This will also help get innovative ideas off the ground, with the funding supporting early stage proof of concept and knowledge transfer, product development and market testing.”

To date, $4.2 million in GCF grants funding has been used to increase collaboration in science, technology and innovation at an international level.

The Australian Academy of Technology and Engineering administers the Global Connections Fund.