The Global Connections Fund (GCF) is an initiative within the Global Innovation Strategy – a component of the Australian Government’s National Innovation and Science Agenda.
Read the booklet (PDF, 0.9 MB)
The purpose of the program is to transport research and technology innovation out from the walls of academia and apply it to real-world settings.
Essentially, the GCF links researchers and SMEs on a global scale – Australian researchers meet with international SMEs, and Australian SMEs meet with international researchers. And the outcomes from 2016 were eminently successful.
GCF activities accelerate research-business relationships with more effective strategic network formation.
Collaborative relationships produce higher quality research and optimise the environment for innovation breakthroughs. Leveraging one another's strengths benefit both Australia and partner economies, assisting their development as technology leaders.
Cooperation in science, technology and innovation at the international level is a key element in national science and innovation systems. It is vital in supporting economic growth in Australia.
The many direct and indirect economic benefits of international collaboration include:
The GCF comprises of two types of grants: Priming Grants and Bridging Grants.
Priming Grants are small grants of $7,000 enabling Australian SMEs and Australian researchers to physically meet with their international partners and develop their respective ideas. Designed to “prime” the commercialisation or application of a particular idea, in most cases the meetings sparked ongoing collaborations.
Bridging Grants are larger funds of up to $50,000, intended as seed funding capital to grow viable projects in scope and to test commercialisation and proof of concept activities. They support international partnerships beyond the Priming Grant’s initial level of engagement.
The GCF priority areas align with key industry sectors for Australia. Click on the link and read the case studies
Food and Agribusiness (PDF, 2.3 MB)
Advanced Manufacturing (PDF, 2.5 MB)
Medical Technology and Pharmaceuticals (PDF, 1.5 MB)
Mining Equipment Technology and Services (PDF, 1.3 MB)
Oil, Gas and Energy Resources (PDF, 1.2 MB)
These areas are broad in scope, which means the ideas embraced by the 2016 Priming Grant partnerships are diverse. They ranged from developing a more accurate way to analyse 3D printed medical implants, to helping solve the mining waste crisis.
Visit globalconnectionsfund.org.au to find out more.
Promoting Australia's advancement through technology