Boost for local companies using light technologies

Status

Applications now open and close Friday, 10 March 2017.

Key facts

  • Helping South Australian photonics businesses to understand global opportunities for their products.
  • Access support to develop global market plans, market analysis and business case development to attract venture capital funding or funding from other sources to commercialise their technologies.
  • Grants of up to $10,000 available for three companies during the pilot round.

Eligibility

To be eligible for assistance, an applicant must:

  • be a solvent, financially viable business or commercial enterprise
  • hold an Australian Business Number (ABN)
  • be based in South Australia
  • have been in operation for longer than a year
  • be able to fund the required co-contribution
  • agree to provide information and data, including financial information as required
  • be prepared to commit to Senior Executive or Board level engagement.

How to apply

Complete the Application form and download the Guidelines.

How you will be assessed

Applications will be reviewed by an independent assessment panel according to:

  • Strategic alignment to the company’s core business and contribution to photonics industry development in South Australia
  • Likelihood of success for the project
  • Impact the project deliverables will have on the business and the local photonics industry.

Funding will be provided to three approved companies to engage consultant(s) to develop a tailored global market plan, which would attract potential venture capital or secure funding from other sources.

About the program

The Photonics Industry Development Pilot Program will assist local photonics businesses, most of which are micro-businesses with limited expertise to successfully bid for venture capital and other funding sources.

Support will include global market plan development including in-depth market analysis, business case development and introductions to potential global customers.

The pilot program builds on this investment by the South Australian Government in order to further develop the photonics sector.