The Australian government has allocated around $40 million to launch Round 15 of Cooperative Research Centres Projects (CRC-P) Grants, which will back small and medium businesses aiming to develop new technologies, products, and services.
The grant program will target projects that support a circular economy or meet the key priorities of the National Reconstruction Fund.
Businesses with projects that support national science and research priorities can also to apply to the grant program.
“These grants play an important role in strengthening Australian recycling technologies and developing a circular economy in Australia,” said Minister for Industry and Science Ed Husic.
First introduced in 2016, the CRC-P Grant program has provided more than $500 million to over 200 Australian businesses and organisations across the country.
The scheme has provided support for various projects, including a medical innovation device that tracks catheter locations in premature babies in need of intensive care, a wind turbine blades recycling initiative, and addressing “no and low-alcohol” winemaking challenges.
The program also seeks to boost capabilities in the emerging quantum computer sector and robotics companies, Minister Husic added.
Businesses that will be selected for CRC-P Round 15 will receive matched funding of between $100,000 and $3 million for up to three years.
Funding will be available from January 2024.
Interested businesses have six weeks to apply for the grant program, which will close on 14 September. For more information, visit www.business.gov.au/crc-p.
