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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ESTABLISHMENT

The Re-tooling for Climate Change program was announced by the Australian Government in its 2008 09 budget statement as part of its Clean Business Australia initiative.


Re-tooling for Climate Change was launched in September 2008 as a competitive merit based grants program.


OBJECTIVE

The objective of the Re-tooling for Climate Change program is:


  • To help small and medium sized enterprises undertaking manufacturing in Australia to reduce their environmental footprint, through projects that improve the energy and/or water efficiency of their production processes.


Table 2.11 Australian Government budget and expenditure at 30 June 2010




2009-10

($m)

2010-11

($m)

2011-12

($m)

Budget

15.29

23.96

15.81

Commitments

0.00

7.65

0.84

Payments made

4.91

0.00

0.00


PROGRAM PERFORMANCE

The Re-tooling for Climate Change program has provided financial assistance to support 52 projects, from a broad cross-section of industry sectors, worth a total of $11.4 million.


Table 2.12 Re-tooling applications considered during 2009-10

Applications

considered (no.) b

Applications

approved (no.) a

Applications approved ($m)a

115

52

11.41

a The number and value does not include applicants who were offered funding but did not take up the offer.

b Represents all applications received.


OUTCOMES

The Re-tooling for Climate Change program has been in operation since September 2008. Since the inception of the program, 73 projects have been funded to the value of $14 million. These projects are expected to result in greenhouse gas savings of 69,160 tonnes per annum and water savings of 689 ML per annum.


SUPPORT PROVIDED TO CUSTOMERS

Re-tooling for Climate Change supports organisations undertaking manufacturing in Australia to reduce their environmental footprint, through projects that improve the energy and/or water efficiency of their production processes. Grants from $10,000 up to $500,000 are available on a competitive basis for up to 50 per cent of eligible project expenditure.


GOVERNANCE

The Minister has issued Program Guidelines which set out the program eligibility criteria and minimum requirements for assessment of applications and management of grant contracts.


The Re-tooling for Climate Change Program Ministerial Directions No 1 of 2009 provide the formal direction to Innovation Australia and set out the merit criteria against which eligible applications must be assessed and ranked. They also provide for a range of other functions which Innovation Australia may be asked to perform.


Innovation Australia has delegated its power to recommend applications for grants above $100,000 to the Climate Ready Committee, and grants up to and including $100,000 to designated Departmental officials.


The role of the Climate Ready Committee is outlined in Section 3 - Corporate Governance.

COMMERCIALISING EMERGING TECHNOLOGIES


ESTABLISHMENT

The Commercialising Emerging Technologies (COMET) program was established in November 1999 with funding of $30 million over three years. COMET was established to increase Australia's sustainable economic growth through stimulating the successful commercialisation of Australian innovation. COMET received additional funding of $40 million in 2001. Further funding of $100 million as part of the previous Australian Government's 2004 Innovation Statement enhanced the program, extending it until 2010-11. The program closed to new applications from 1 January 2010 with COMET services and assistance being superseded by the Commercialisation Australia program which opened to applications on 4 January 2010. The COMET program will cease on 30 June 2011.


The COMET program is a merit based assistance program with a strong focus on mentoring, business management and support. The program is targeted at early growth companies, individuals and spin off companies. COMET customers are provided with a tailored package of support to improve their potential for successful commercialisation. COMET aims to increase the commercialisation of innovative products, processes and services by supporting access to financial assistance and business development advice.


COMET is delivered by AusIndustry and supported by a network of private sector consultant business advisers. Business advisers are located in regional and metropolitan centres across Australia.


OBJECTIVES

The objectives of the COMET program are to:


  • increase Australia’s sustainable economic growth through stimulating the successful commercialisation of Australian innovations

  • build sustainable and high growth firms by increasing prospects for successful commercialisation of innovations through the attraction of capital and partners.


Table 2.13 Australian Government budget and expenditure at 30 June 2010




2009-10

($m)

2010-11

($m)

Budget

11.20

7.60

Commitments

0.00

5.40

Payments made

8.92

0.00


PROGRAM PERFORMANCE


Table 2.14 COMET applications considered during 2009-10

Applications

Considered (no.)

Applications

Approved (no.) a

Applications approved ($m)b

130

111

7.16

a Does not include applicants who were offered funding but did not take up the offer.

b Applications Approved ($) is the value of new approvals only; there was an additional $2.01 million in variations during the year.


Figure 2.12 Value of approvals by industry sector 2009-10


Figure 2.12 shows COMET provides assistance to a variety of industry sectors. The highest levels of assistance in 2009-10, were approved for the Manufacturing and Professional, Scientific and Technical Services sectors. These two sectors accounted for 64 per cent of COMET assistance approved during the year.


Figure 2.13 Approvals by turnover size 2009-10


Figure 2.13 shows 89 per cent of customers approved in 2009-10 reported turnovers of less than $500,000 per annum, with a significant number of these customers having no turnover as their company had just been registered. This reflects the demand for skills, services and knowledge in new businesses.


A longitudinal study of COMET firms commenced in 2006 and will conclude in 2013. It involves 48 firms selected at random between 2006 and 2009. Survey data is collected by interview at five points between entry into the program and up to two years after completion of the COMET program. Information from the study will be used to inform future program design and evaluation.


OUTCOMES

COMET assists customers to achieve commercialisation outcomes in a variety of ways. Results by financial year for specific commercialisation outcomes are shown in Table 2.15 and Figure 2.14 below. Overall, the results for 2009-10 are strong (refer Figure 2.15) in every outcome with the exception of the value of capital raised. Feedback from the Business Adviser network suggests that the financial market has still not recovered from the drastic reductions in the availability of capital over the past two financial years. The number of capital raising activities achieved indicates that investment interest is high, but available capital is low.


A number of COMET customers were successful in raising capital, drawing in over $34.6 million. The reported numbers of new alliances, licenses and agreements were strong recording higher levels than any preceding year, which may be due to the shortage of investment capital with companies requiring cash flow to continue operations. The reported number of outcomes in relation to production, including launching a product or a service, improved significantly this year with 147 instances.

Table 2.15 Commercialisation outcomes achieved by COMET customers 1999 2001 to 2009-2010a

Commercialisation outcome

1999–01

2001–02

2002–03

2003–04

2004–05

2005–06

2006-07

2007-08

2008-09

2009-10

TOTAL

Capital raisings

43

56

79

74

90

108

177

274

146

145

1192

Value ($m)

50.48

41.83

41.92

100.8

63.12

82.4

73.21

103.3

43.44

34.62

635.09

Alliances

15

67

55

62

44

56

111

106

101

183

800

Licences

16

16

14

26

18

19

33

19

35

35

231

Agreements

21

64

96

77

72

87

158

145

162

196

1078

Production

22

80

77

52

47

49

102

114

114

147

804

Total

117

283

321

291

271

319

581

658

558

706

4105

a Adjustments have occurred since last report, due to revised/updated customer reporting.

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