Premier's Research and Industry Fund (PRIF) – Innovation Voucher Program
This program seeks to support collaboration between small-to-medium enterprises (SMEs) and research service providers (RSPs) to facilitate and encourage technological innovation and industry diversification in priority areas. These areas include high-value manufacturing, mining and resources, products and services, such as medical devices, engineering and design, food processing and production, environmental monitoring and clean technologies.
Central to the program is stimulating innovation in SMEs to develop new manufactured products or systems and drive productivity and business profitability.
The purpose of an Innovation Voucher is to:
- Enable an SME to begin addressing a technical problem that it cannot solve on its own and for which there is no obvious solution available.
- Begin developing new or enhanced commercially-ready products or services.
- Establish prototypes, processes or systems that will attract additional investment.
- Place the SME in a far stronger position to win contracts in supply chains with business partners or in exports.
- Establish an enduring relationship between the SME and RSP with an ongoing mutual exchange of people, skills and expertise.
- Establish new productive links between industry and RSP institutions.
RSPs will be contracted to provide research and development services to a SME for a specific project agreed upon by both parties. These services could include, but are not limited to:
- Innovative production techniques
- Proof of concept
- Testing of prototypes
- Innovative design
Vouchers with a value between $10,000 and $50,000 are available. The applicant to State co-contribution ratio are as follows:
- 1:2 for companies with turnover of up to $5 million per annum.
- 1:1 for companies with turnover of between $5 million and $200 million per annum.
Who Can Apply
Eligible applicants include the following:
1. SME industry partners who must:
- Be a financially-viable Australian company with a majority of its business conducted in South Australia, or have significant business activity aligned with program objectives.
- Own the right to use any existing intellectual property necessary to commercialise the project.
- Have an annual turnover of less than $200 million.
- Have been in operation for longer than 12 months.
- Be able to fund the required co-contribution.
2. Research service providers that are:
- Capable of providing scientific or technical expertise and resources to perform research and development (R&D).
- Located or have facilities in South Australia, however, the services of interstate RSPs may also be engaged.
Applicants who involve or improve the industry experience of ‘early career’ researchers and those that establish new relationships will be considered favourably. Project proposals from consortia will also be considered.
Eligible projects must:
- Be developed and co-endorsed by both parties.
- Be clearly aligned to priority areas for manufacturing and technological innovation.
- Describe a discrete project, including planned expenditure, agreed timelines and Key Performance Indicators (KPIs) of no longer than 12 months that will achieve a defined output. This output could be:
a) Solving a technical problem.
b) Developing a new product or service that exhibits commercial potential to a defined market opportunity.
c) Conclusively proves the feasibility of a prototype to attract further investment.
- Include a preliminary commercial assessment, such as technical benefits compared to current market solutions.
Meritorious, non-conforming proposals which identify significant innovative opportunities may be considered at the discretion of the Minister for Manufacturing, Innovation and Trade or the Minister for Science and Information Economy.
Main Assessment Criteria
The main assessment criteria include:
- Alignment to one or more of the State government’s priority areas, as defined in the program overview.
- The quality of the project proposal, including the relevance of project activities for the SMEs business objectives.
- Applicant understanding of the intended customer (how, when and where the customer would buy or use the product).
- Evidence of a likely productive partnership between the SME and RSP.
|Sample Application Form||July 2017||Download
|Use these documents as a guide only - always get the latest direct from the Administrator
This program is open on an ongoing basis.
Energy and Renewables
Food and Beverage
Healthcare, Medical, Biotechnology and Nanotechnology
Information Technology and Communication (ICT)
Environment and Sustainability
Innovation and R&D
Department of State Development
Department of State Development