Hon John Day BSc BDSc MLA

Hon John Day BSc BDSc MLA

Former Minister for Health; Culture and the Arts

Hon Simon O'Brien MLC

Hon Simon O'Brien MLC

Former Minister for Finance; Commerce; Small Business

    Funding to boost WA’s best innovators

    15/08/2012 12:00 AM
     
    • Vouchers provide firms with a financial boost of up to $20,000
    • Funds help turn innovative ideas into new business opportunities
    • Innovation crucial to WA’s economic development
    Science and Innovation Minister John Day has officially opened round three of the Western Australian Innovation Vouchers Program to encourage industry-led innovation in WA.  

    Mr Day said 27 small to medium sized enterprises (SMEs) had directly benefited from the first and second rounds of the program.

    “The Innovation Vouchers Program provides SMEs with a financial boost, and access to expertise through entities such as the Innovation Centre WA, to assist them to take their idea and turn it into a commercial reality,” he said. 

    “The Liberal-National Government has already provided more than $500,000 to WA-based SMEs to do this and the returns to the State are two-fold: an SME gains vital skills and knowledge to progress their innovation to market and the nominated service provider wins a contract.

    “It is fitting that, during National Science Week, the State Government is fostering and encouraging more innovation in WA through this important program.”

    Small Business Minister Simon O’Brien said the success, diversity, and benefits of small businesses’ innovation in WA was clearly demonstrated by this program.

    “The funding and skills stay in WA, creating both economic and employment opportunities - this program is the first of its kind in the State and is helping to ease the pressure relating to capital for our innovators,” Mr O’Brien said. 

    “For example, No-Rock Cafe Tables Pty Ltd in Dunsborough used their round two voucher to engage an industrial design agency to help produce their device to stabilise table legs, while Floreat-based Bioactive Solutions is researching a cure and preventative solution for colon cancer.”

    Successful applicants can use the funding in one of the following areas: research and development, product development, technology transfer, intellectual property and commercialisation support services.

          Fact File
    • Innovation Vouchers Program administered by Department of Commerce under WA Innovation Development Schemes
    • Third round applications open today and close at 3pm, Thursday September 27
    • For more information or to apply, visit http://www.innovation.wa.gov.au

    Science and Innovation Minister's office - 6552 6200