CSIRO (or the Commonwealth Scientific and Industrial Research Organisation to its friends) has expanded its R&D grants available through its Kick-Start program to more small and medium-sized enterprises.
Lead image: Dr Megan Sebben, Kick-Start program manager, CSIRO.
Previously, the funding was only available to firms with an annual turnover of up to $1.5 million. However, this has been lifted to include businesses with a turnover of up to $10 million.
This change was made to bring CSIRO into line with the Australian Taxation Office’s small business definition.
The research body said that it had helped 260 small businesses with the funding since 2017 and “contributed $24 million in R&D activities”.
The Kick-Start program helps businesses scale by providing matched funding between $10,000 and $50,000 in value along with connecting small businesses with a suitable CSIRO researcher or research team.
A CSIRO spokesperson said that the change in the eligibility criteria was ” “a proactive approach in responding to the growing demand and the challenges faced by businesses in securing support for R&D activities”.
CSIRO Kick-Start program manager Dr Megan Sebben said the funding initiative “serves as a driver for change” and innovation was the “lifeblood of success” in today’s business landscape.
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