- The McGowan Government has revised the criteria for the Innovation Vouchers Program to focus on creating and supporting WA jobs
- Applications are now open for the Innovation Vouchers Program
- Vouchers can be used towards professional skills and services
- Program supported by the McGowan Government's $16.7m New Industries Fund
Applications are now open for the State's Innovation Vouchers Program, which assist small and medium-sized enterprises (SMEs) to bridge the gap between innovative ideas and commercialisation.
For the first time, applicants for the program will have to demonstrate how their innovation will create or support Western Australian jobs and help diversify the WA economy.
Applicants will receive up to $20,000 which can be used for research, product development, technology transfer, and support services for intellectual property and commercialisation.
Applications close at 11am on Wednesday March 28, 2018 with successful applicants to receive their funding from July 1, 2018.
Recipients will need to co-invest at least 20 per cent of government funding received.
The Innovation Vouchers Program is part of the State Government's New Industries Fund, a $16.7 million fund to support and accelerate new and emerging businesses in WA.
For more information, visit http://www.newindustries.wa.gov.au
Comments attributed to Innovation and ICT Minister Dave Kelly:
"The McGowan Government is supporting new and emerging businesses in WA through the New Industries Fund, to create jobs and diversify the economy.
"We know that WA companies are highly innovative and inventive, and the Innovation Vouchers Program can help SMEs take the next step towards commercialising products and growing their businesses.
"With more than 200 applications last year, this is a highly competitive program and I encourage companies to complete their applications to the very best of their ability.
"This year's Innovation Vouchers Program has been reviewed to ensure it has a focus on growing WA jobs."
Comments attributed to previous recipient Tom Baskovich, Segnut Pty Ltd:
"My company, Segnut Pty Ltd, received an Innovation Voucher last year and used the proceeds towards extending an Australian patent application to the international market via a PCT Patent application through the services of local Patent Attorneys.
"Part of the voucher proceeds were also used to secure a United States Trademark for the Segnut logo and to file for protection in other important international markets.
"The extension of our intellectual property rights into international markets is crucial to securing the value of the Segnut technology and fast-tracking revenues from other countries, with the opportunity to contribute to the WA economy and create local jobs."
Minister's office - 6552 6100