A briefing on government programs and resources available to support business growth and innovation was held last week to provide the ARA’s members with an overview of the benefits of accessing grants.
The session provided an overview of how grants can help organisations access expert advice, improve productivity, and transition to more sustainable practices.
The webinar was held last Friday by the ARA with the support of the Department of Innovation, Science and Resources.
One of the presenters was Paul Henderson, AusIndustry Regional Manager for Northern Victoria.
In this role, Paul facilitates access to government programs and support for businesses, particularly in sectors like manufacturing and industry.
AusIndustry is an integral part of the Australian Government’s effort to support innovation, business growth, and industry development. AusIndustry works across sectors, offering funding, advice, and support to help businesses of all sizes innovate, scale, and become more competitive.
The session provided an overview of how grants can help organisations access expert advice, improve productivity, and transition to more sustainable practices.
Paul shared insights into eligibility requirements, the application process, and tips for making the most of available government support.
Some of the AusIndustry programs include:
- R&D Tax Incentive: A long-standing program offering tax offsets for companies engaging in research and development which meet specific eligibility and scientific process requirements.
- Industry Growth Program: Aimed at innovative SMEs with commercialisation opportunities, offering advisory services and grants to help businesses scale with novel products or technologies.
- National Reconstruction Fund: A $15 billion investment in Australian industry, providing loans, guarantees, and equity in prioritised sectors like transport, medical science, and renewables, focusing on return-on-investment rather than grants.
- Future Made in Australia Fund: With a focus on renewable energy, this fund aims to strengthen Australia’s net-zero transition. Details are still emerging, with rollouts anticipated in 2025.
- Export Support Programs: Export Market Development Grant and Export Finance Australia programs are available to support businesses entering international markets, along with tailored guidance through the Austrade network.
- Grant Readiness: Tips were provided for preparing effective grant applications, emphasising clear, concise language, adherence to guidelines, and use of supporting evidence.
- Additional Resources: Information on other programs such as the Corporate Research Centres, CSIRO Kickstart for small businesses, and cybersecurity resources was shared. Also, practical advice was offered on using the ICN Gateway and AI resources.
To access the recording and slides sign into the ARA Member area.