We are creating some awesome events for you. Kindly bear with us.

Fostering Innovation in Western Australia

Western Australian-based start-ups and small businesses looking to commercialise their innovative ideas or projects are being invited to apply for grant funding of up to $20,000 through the Government’s Innovation Booster Grant programme.

The Innovation Booster Grant programme (IBG), previously known as the Innovation Voucher Programme, aims to boost innovation for early-stage start-ups and small businesses by providing financial support for professional skills and services to improve capability and advance their activities in WA. The programme provides support in one of four categories including research and development, product development, technology transfer and intellectual property, and commercialisation support services.

The WA government recognises that small to medium-sized enterprises (SMEs) are major contributors to the WA innovation ecosystem. One of the major hurdles SMEs face is turning great ideas into commercially viable products. The IBG is designed to assist SMEs in overcoming those obstacles and assist with early funding to achieve commercialisation. The IBG is a competitive State Government grant programme, funded through the New Industries Fund (NIF).

A previous grant recipient received a $20,000 innovation voucher in 2019 to help them develop a robust Intellectual Property (IP) strategy for their autonomous ship-to-shore container cranes project using machine vision technology. With the support of the grant, the company secured a $1.3 million funding grant as it demonstrated their IP strength and solid partnerships and also contributed to nearly doubling their workforce to 12 employees.

The Innovation and ICT Minister stated that the Innovation Booster Grant is a key part of the McGowan Government’s Diversify WA strategy, to diversify our economy and create new jobs. These grants play an important role in the commercialisation journey, from idea to commercialisation and are supported by the McGowan Government’s New Industries Fund (NIF). He noted that the Government’s $16.7 million New Industries Fund’s central purpose is to support and accelerate new and emerging businesses across all sectors and regions in WA. The Minister encouraged all businesses and start-ups to apply for a grant and realise their immense potential in turning innovation into successful enterprises that enhance and grow the WA economy.

The Innovation Booster Grant is designed to provide start-ups or SMEs with the financial boost they need to access professional skills, services or knowledge, enabling them to advance their innovative idea, project or commercial activity in Western Australia. The WA government appreciates that start-ups and small businesses have great ideas, but that taking these ideas and turning them into new and sustainable business opportunities with real commercial outcomes can be difficult.

The programme is designed to assist innovators to overcome some of the barriers on the path to commercialisation. It aims to catalyse new relationships between innovators, research providers and specialist commercialisation support services, or to move tentative collaborations into a productive relationship.

Under the New Industries Fund, the Innovation Booster Grant objectives are to:

  • Stimulate the WA start-up and small business sectors by supporting innovative projects and initiatives
  • Decrease the commercialisation gap
  • Activate industry-government-research collaborations
  • Increase research and development (R&D) investment into WA
  • Promote job creation and economic diversification in WA

The purpose of the Innovation Booster Grant is to:

  • help develop new or enhanced commercially-ready products or services
  • establish a minimum viable product (MVP), prototype(s), processes or systems that might attract additional investment and/or customers; and/or
  • address a particular technical problem that cannot be solved by the applicant, or for which the solution is not readily available.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend