Financial Support

Bio Innovation SA plays a key role in assisting South Australian researchers and start-up companies to access public and private funding to ensure they can achieve a commercial outcome for their technologies.

Bio Innovation SA Activities

Bio Innovation SA is facilitating the growth of South Australia's bioscience industry by:

• Providing information, advice and assistance to bioscience start-ups, companies and scientists/researchers seeking access to private sources of funding
• Offering funding through a number of South Australian Government programs
• Establishing networks for global linking of research and industry to sources of international public and enterprise funding
• Linking the South Australian bioscience industry with federal strategies and programs to gain greater leverage from current and proposed funds

Bio Innovation SA Grants

Bio Innovation SA operates a number of key funding initiatives, including:

• Commercial Development Initiative

Bio Innovation SA has established the Commercial Development Initiative (CDI) to assist the commercialisation of South Australian bioscience technologies originating from public sector organisations, including universities, hospitals and research institutes. Applications can be submitted at any time. CDI grants of up to $50,000 can be used for such activities as proof-of-concept research, intellectual property advice and market research. (Employees of the South Australian Department of Health can apply for funding for provisional patent applications through this scheme).
[Click here to download the Commercial Development Initiative Guidelines]

[Click here to download the Proforma]

• Business Development Initiative

Bio Innovation SA has established the Business Development Initiative (BDI) to assist South Australian bioscience companies to develop their business. BDI grants of up to $50,000 can be used for a range of activities.  The BDI is open to start-up and early stage South Australian biotechnology companies. Applications can be submitted year-round and will be reviewed according to Merit Criteria which include the feasibility and commercial viability of the activities and the commercial expertise and skill of the management team.
[Click here to download the Business Development Initiative Guidelines]

[Click here to download the Proforma]

• Commercial Infrastructure Grant

Funding to a maximum of $250,000 to help South Australian bioscience companies to buy equipment that has the potential to assist companies with generating revenues and attracting investment.
[Click here to download the Commercial Infrastructure Guidelines]

[Click here to download the Proforma]

• Commercial Management Grant

Funding up to $150,000 to support the employment of commercial managers within eligible research organisations, hospitals and universities.  Provided on a dollar-for-dollar matching basis.
[Click here to download the Commercial Management Grant Guidelines]

 

Bio Innovation SA can also assist with accessing private funding through venture capitalists and angel investors. 

For further information about these initiatives and/or accessing private capital, contact Bio Innovation SA on +61 8 8217 6400 or e-mail info@bioinnovationsa.com.au. 

 

Links

Links to sources of research funding

www.arc.gov.au

www.nhmrc.gov.au

www.adelaide.edu.au/rb/funding/opps.html

Links to sources of company funding

www.ausindustry.gov.au

www.ausindustry.gov.au - Pharmaceuticals Partnerships Program (P3)

www.avcal.com.au

www.vcjournal.com.au

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