There are a range of funding schemes aimed at encouraging and supporting research collaborations with universities. The various schemes are targeted at different sorts of research engagement and have their own eligibility criteria.
For small and medium enterprises (SMEs)
Through TechVouchers, you can connect with a UTS expert to engage on a small joint research project, or you could access some of UTS’ high tech instruments and facilities for testing and feasibility studies.
TechVouchers has been established to drive opportunities for research collaboration between NSW small-to-medium enterprises (SMEs) and universities or other public sector research organisations (PSROs). The program seeks to promote and demonstrate to SMEs the opportunities available from collaborating with, or using the services of universities or other PSROs.
SME businesses can access UTS research expertise through the Innovation Connections scheme delivered by AusIndustry. Innovation Connections facilitate meetings between research organisations and businesses, helping business to locate, select and negotiate with potential research partners, and in some cases provide funding towards research projects.
Matched funding grants of up to $50,000 are available to eligible organisations for projects up to 12 months; further matched funding grants of $50,000 are available to extend the project for a further 12 months. These funds can be used to engage an external research partner, access research infrastructure, place a researcher in your business or access other forms of appropriate research capability.
For high quality collaborative research and development projects
The Australian Research Council’s Linkage Project scheme supports high quality collaborative research and development projects between higher education organisations and other organisations, including industry, to enable the creation and application of advanced knowledge to problems.
Typical ARC Linkage projects are two or three years in duration and must demonstrate significant research challenges at an internationally competitive level.
The ARC Linkage grants can provide significant funding, matched by cash and in-kind support from the research partners. UTS are very experienced in undertaking ARC Linkage projects across a wide range of research areas and with partners from the private and public sectors.
For health and medical research and development
Companies engaged in health and medical research and development can partner with UTS researchers through the NHMRC Development grants provided by the National Health and Medical Research Council. The NHMRC Development scheme supports research at the early proof-of-principle or pre-seed stage. The scheme supports the commercial development of a product, process, procedure or service that, if applied, would result in improved health care or disease prevention, or provide health cost savings.
UTS has significant depth and breadth of health research capabilities and we are keen to develop research collaborations with the health and medical research community.
Open to firms of all sizes in all sectors who are conducting eligible R&D
R&D Tax Incentive
Collaborative R&D activities undertaken with UTS may be eligible for tax offsets.
UTS is a Registered Research Service Provider, recognised by Innovation Australia as having appropriate scientific or technical expertise to perform research and development on behalf of other companies. Advice can be found from a variety of professional service providers, AusIndustry or the Australian Taxation Office.
The R&D Tax Incentive is an entitlement program that helps businesses offset some of the costs of doing R&D. The program aims to help more businesses do R&D and innovate. It is a broad-based entitlement program. This means that it is open to firms of all sizes in all sectors who are conducting eligible R&D, including R&D activities contracted through Registered Research Service Providers like UTS.
The two core components of the R&D Tax Incentive are:
- a 43.5% refundable tax offset to eligible entities with an aggregated turnover of less than $20 million per annum
- a non-refundable 38.5% tax offset to all other eligible entities.
For funding relating to agricultural and horticultural industries
Rural R&D Corporations
There are 15 Rural R&D Corporations or bodies that manage research and development projects within specific agricultural and horticultural industries. The majority of schemes managed by these bodies utilise levies collected from within their relevant industries along with matching Federal Government funding to invest in research projects.
To be suitable for funding within these schemes, research proposals will need to meet the priorities identified by each of the industries. It is also beneficial to demonstrate a good understanding of the industries where the research is to be conducted, along with contacts within the industry.
As each of the Rural R&D Corporations may have a range of funding opportunities suitable for consideration for your research project, our Research Engagement team is available to help determine which of these schemes may best suit your needs.
The Research Engagement team at UTS is available to help determine whether or not any of these schemes are suitable for your needs.
Photographer: Pictures of Money, via Flickr (modified with permission from the original)