Tablelands Investment Readiness and Capital Raising Workshop Federal Government Assistance Kay Strong, AusIndustry 30 March 2015
Topics •
Accelerating Commercialisation
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R&D Tax Incentive
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Industry Skills Fund
Entrepreneurs’ Infrastructure Programme
Accelerating Commercialisation Accelerating Commercialisation will: - Accelerate the commercialisation of novel intellectual property in the form of novel products, processes and services; - Create new businesses based on novel intellectual property with high growth potential; and - Facilitate greater commercial and economic returns from both public and private research and development investment to drive business growth and competitiveness.
Entrepreneurs’ Infrastructure Programme
Accelerating Commercialisation
Successful applicants can access the following: - Inclusion in Accelerating Commercialisation Portfolio - Expert guidance from Commercialisation Advisers - Facilitated access to the Expert Network & Roadshows - May include a matched funding grant of up to $1 million that provides support for eligible commercialisation activities
Entrepreneurs’ Infrastructure Programme
Accelerating Commercialisation Who can apply? -
Non-tax exempt company, registered for GST; or
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Individual, researcher, partnership or unincorporated trustee who agrees to form a company if successful; or
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A Commercialisation Office or Eligible Partner Entity
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Combined annual turnover must be <$20m for each of previous 3yrs
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Must have ownership; access to; or beneficial use of; novel intellectual property
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Must be able to demonstrate how you will fund your share of project costs
Entrepreneurs’ Infrastructure Programme
Accelerating Commercialisation
Six Merit Criteria to be addressed: 1. 2. 3. 4. 5. 6.
Need for Funding Market Opportunity Value Proposition Execution Plan Management Capability National Benefits
R&D Tax Incentive
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Entitlement programme open to eligible businesses in all industry sectors – 45% refundable tax offset if aggregated turnover is less than $20 million – 40% non-refundable offset to other eligible businesses
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Innovative businesses are more profitable, productive and competitive
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R&D is a driver of innovation and can help: – develop new products and services – improve business processes – solve problems and improve efficiency
Industry Skills Fund
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The Growth Stream can help improve workforce skills, allowing your business to take up growth opportunities in our rapidly changing economy. The fund works as a partnership with you to boost productivity and increase economic competitiveness. There will be 200,000 training places and training support services offered over four years. Two types of assistance for eligible businesses: – Skills Advice – Training Grants
Industry Skills Fund
Skills Advice • Our network of skills advisors provide tailored advice about your business skills needs and potential training solutions. • Free service for eligible businesses
Training Grant • Grants can support a range of training activities including nationally and industry-recognised qualifications and accredited training, new clusters of skills and tailored training. • Training grants also support language, literacy and numeracy training, along with training needed to export and engage with foreign markets as well as support services such as mentoring. • Co-contribution based on number of employees of company
Department of Industry | Business Kay Strong AusIndustry Regional Manger, Northern Queensland 07 4721 6649 / 0428 188 308 Kay.strong@industry.gov.au business.gov.au | 13 28 46