Round 3 of the SA Innovation & Investment Fund Industry Development Program is now open.
The scheme will fund up to 50% of an eligible project. Minimum project spend is $500,000, thus grants are from a minimum of $250,000 to maximum of $5 million per project. Applicants must be able to show they can fund the other 50%. Applications close Friday 10 Sept. Information sessions for potential applicants will be held 27 and 28 July.
The focus is on job creation. I note in particular that:
- funding will be directed at sustainable job creation in South Australia, rather than community-based projects
- projects must have at least $500,000 in eligible capital costs (primarily being for plant and equipment directly applied to the production of the outputs of the investment proposal, and excluding land, buildings, construction and infrastructure)
- projects which demonstrate the introduction of new innovations or technology (rather than research and scoping studies) will be favoured.
For more information, forms, etc., please see:
www.ausindustry.gov.au/CommunityAssistance/saiif/Pages/saiif.aspx