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Government announces $34.5m funding boost for business-research collaborations

February 9, 2017 • News

The Australian Government has announced a $34.5 million investment in projects involving cooperation between industry and research institutions for the development of new technological solutions.

Image credit: www.business.gov.au

In announcing the investment, Minister for Industry, Innovation and Science Arthur Sinodinos said the funds – provided under the Cooperative Research Centre Projects (CRC-P) initiative – will be allocated to 17 projects that could potentially deliver valuable industry-specific solutions.

“These 17 projects were selected from 57 compliant applications and, with $79.9 million in cash and in-kind inputs from more than 70 participating businesses, partnerships and research institutions, represent $114.4 million invested in outcomes-focused research,” the Minister said.

“Each project selected will apply high quality research to solving an industry-specific issue, or develop new products, technologies or services. This work supports the National Innovation and Science Agenda pillar to foster industry-research collaboration.”

Some of the 17 selected projects include research into developing cost-effective, self-sustaining glasshouses that regulate light to maximise crop yield, research into improving sleep apnoea therapies using treatments and devices tailored to individuals, as well as research into creating a manufacturing capability for a low cost point-of-care biosensor diagnostic device for early cancer detection.

In addition to announcing the recipients of funding support, Mr Sinodinos also announced a third CRC-P round.

“My department will be taking applications until 22 March 2017 and I expect to announce funding outcomes in mid-2017,” the Minister concluded.

Information on how to apply for the third round is available from: www.business.gov.au/crc-p.

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