Innovation Australia aims to promote the development, and improve the efficiency and international competitiveness of Australian industry by encouraging




НазваниеInnovation Australia aims to promote the development, and improve the efficiency and international competitiveness of Australian industry by encouraging
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OUTCOMES

No funding rounds were launched in 2009-10. Ongoing benefits from all ICIP projects will be assessed through post project reporting, which will be conducted for two years post 30 June 2011.


An evaluation of ICIP is planned for 2010-11.


SUPPORT PROVIDED TO CUSTOMERS

ICIP is a competitive grants program that provides up to 50 per cent matched funding on cooperative innovation projects. Grants are provided under two streams:


  • Stream A — supports project scoping or innovation mapping activities. The maximum grant under this stream is $150,000 for projects of up to 18 months duration.

  • Stream B — supports R&D, proof-of-concept, innovation demonstration and adaptation and/or innovation implementation activities. The maximum grant under this stream is $3 million for projects of up to three years duration.


GOVERNANCE

The policies and procedures of the ICIP program are set out in Ministerial Directions issued under the Industry Research and Development Act 1986.


ICIP is delivered by AusIndustry, through Innovation Australia. In 2008-09 the COMET/ICIP Committee, which provided technical assessments and merit ranking of eligible applications to the program delegate within AusIndustry, was disbanded. Innovation Australia directly oversees any continuing activity from ICIP.


The role of Innovation Australia is outlined in Section 3 - Corporate Governance.

R&D START PROGRAM


ESTABLISHMENT

The R&D Start program was announced in the previous Australian Government's 1996 Budget as a four year, $520 million competitive grants and loans program where successful applicants would receive 50 cents in the dollar to undertake research and development (R&D) and the commercialisation of technical innovations.


The program was extended in 1998 as part of the previous Australian Government's Investing for Growth statement which provided additional funding to 2001-02. In the former Australian Government's 2001 Backing Australia’s Ability science and innovation statement, further funding was announced that continued the administration and operation of the R&D Start program until 2005-06. The program was again extended in the 2003 Budget continuing it to 2007.


On 10 September 2004, the program was closed to new applications and was absorbed into the Commercial Ready program from 1 October 2004. Existing R&D Start grants continue to be managed until the contract completion date, which is five years after the project end date.


Payments for R&D Start Concessional Loans and Start Premium ceased on 30 June 2006. Contracts under these program streams will continue to be managed until all repayment obligations are extinguished.


OBJECTIVES

The objectives of the R&D Start program were to:


  • increase the number of projects involving R&D activities with a high commercial potential that are undertaken by companies

  • foster greater commercialisation of the outcomes

  • foster collaborative R&D activities in industry and between industry and research institutions

  • encourage successful innovation in small companies by supporting commercialisation of internationally competitive products, processes and services

  • increase the level of R&D activity in Australia that is commercialised, in a manner that will benefit the Australian economy

  • increase the level of R&D conducted that provides national benefit.



Table 2.23 Australian Government budget and expenditure at 30 June 2010




2009-10

($m)

2010-11

($m)

2011-12

($m)

Budgeta

0.00

0.00

0.00

Commitments

0.00

0.00

0.00

Payments made

0.58

0.00

0.00

a All commitments and payments for Commercial Ready, REDI and R&D Start are made against the Commercial Ready allocation.

PROGRAM PERFORMANCE

The R&D Start program was closed to new applications on 10 September 2004, and was absorbed into the new Commercial Ready program from 1 October 2004. The final round of applications was approved in 2004-05.


OUTCOMES

R&D Start has provided funding of $1,365.37 million to 1,385 projects across a wide range of industry sectors since its inception in 1996. R&D Start grants funded 1,264 projects to the value of $1,292.79 million and R&D Start loans funded 121 projects to the value of $72.59 million. Seven grant projects were completed in 2009-10, and of these, 29 per cent were considered to be technically successful with the results to be commercialised. All R&D Start grant projects have now been completed. At the end of the 2009-10 financial year, there were 40 active R&D Start loan customers still remaining in the program.


SUPPORT PROVIDED TO CUSTOMERS

The R&D Start program provided grant and loan funding, on a competitive basis, to Australian companies to assist them to undertake R&D and early stage commercialisation of technological innovation. Financial assistance was provided on a matching funding basis for projects that involved R&D, related product development and market research activities.


While typically ranging between $100,000 and $5 million, grants of up to $15 million were available. Projects had to have clearly identified commercial potential and applicants were required to demonstrate that the project could not proceed satisfactorily without R&D Start support. In addition, applicants had to demonstrate that they could fund their share of project costs.


R&D Start also provided concessional loans to companies which employed less than 100 staff and were involved in the early commercialisation of technological innovations. Applicants had to demonstrate that they could meet their share of project costs but were unable to obtain sufficient funding for the project from financial institutions. Loan projects are to be completed within three years and the loan repaid within the following three years. Companies are able to request an Alternative Repayment Arrangement to extend the timeframe within which the loan is repaid.


GOVERNANCE

The policies and procedures of the R&D Start program are set out in Ministerial Directions issued under the Industry Research and Development Act 1986.


The Innovation Grants Committee has responsibility for monitoring and assessing requests for variations and other matters as required under grant agreements for the R&D Start program.


The role of the Innovation Grants Committee is outlined in Section 3 - Corporate Governance.



As at 30 June 2010 Innovation Australia monitors ongoing projects in these programs which are closed to applications.

1 This is a headline figure as most VCLPs have a unit trust attached through which committed capital can be invested. This enables fund managers to acquire otherwise attractive investments that are deemed ineligible for a VCLP

1 The figure of $162.03 million exceeds the $150 million provided for the program due to the decommitment of funds from earlier rounds being made available in later rounds
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