The Turnbull Government is supporting businesses and researchers with grants of up to $1 million to help them collaborate with global partners on leading-edge research, development and commercialisation projects.
The Government’s Global Innovation Linkages programme will provide $18 million over five years to help businesses collaborate to develop high quality products, services or processes that respond to strategically important industry challenges for Australia.
The Global Innovation Linkages programme opened today for applications.
The programme will help existing businesses to grow and create jobs by allowing Australian businesses to better collaborate with businesses overseas.
By collaborating with overseas businesses, Australian businesses will be able to leverage entrepreneurial expertise and gain a competitive edge in the global market.
Innovation is a critical driver of productivity and jobs in Australia. Sixty per cent of Australia’s productivity comes from innovation.
The Government’s $1.1 billion National Innovation and Science Agenda is supporting increased linkages with key economies through measures including the Global Innovation Strategy.
Other measures under the Global Innovation Strategy include the establishment of Landing Pads for market ready start-ups and the Global Connections Fund announced in April.
Together these measures will help translate our world leading science and research into growth opportunities for Australia.