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Government of South Australia - Department of Industry, Innovation and Science

    Research and Innovation Fund

    Supporting innovations to market

    A strong, vibrant and high-quality research and innovation ecosystem is vital for driving future economic growth, productivity and wellbeing in South Australia.

    The Research and Innovation Fund (RIF), established in 2018 and managed by the Department for Industry, Innovation and Science (DIIS) is a strategic fund that invests in the entire South Australian research and innovation “value” chain, aligned to the State’s priority industry sectors and key Government policies. This includes investments, leveraging co-investment from the Commonwealth Government and the private sector, to:

    • Continue to develop a high performing research and innovation system through further investments into the State’s established and emerging centres of research excellence, further building capacity and capability;
    • Support greater research and industry collaboration in order to drive the translation and commercialisation of innovative products and services into national and international markets;
    • Support the development and adoption by business of critical technologies that drive productivity and competitiveness; and
    • Support the growth of innovative early-stage business addressing national and international markets.

    Research and Innovation Fund principles

    Industry Investment Principles

    • The project is focussed on at least one of the identified growth sectors. The project will enable at least one of the following:
      • Drive high paying and sustainable jobs;
      • Attract and retain young wealth creators;
      • Lead to the growth or creation of value-added products and service industries; or
      • Drive export industries’ productivity efficiency and capacity.
    • The investment would not otherwise occur without financial support from the State Government.
    • There should not be displacement of existing businesses as a result of the project proceeding.
    • The financial support is transitional, and the project is financially sustainable over time without the need for further State Government financial support.
    • The quantum of financial support provided is appropriate given the economic benefits that are delivered.
    • The financial support is conditional on the recipient meeting agreed milestones and outcomes.

    RIF Investment Principles

    • The investment delivers on the innovation commitments within the State Government’s strategic plans and priorities.
    • The investment is supported by key stakeholders through provision of cash and/or in-kind resources.
    • The investment strengthens the State’s research and development capacity and capability.
    • The investment encourages greater business investment in research, development and innovation.
    • The investment supports the commercialisation of products and services with clear potential to benefit the State through the creation of high-value jobs, revenue and exports.
    • The investment contributes to the growth and development of the State’s entrepreneurial and innovation ecosystem to enable organisations to grow and scale into global markets.
    • The investment enables early-stage businesses to grow and scale through improved access to finance, skills, technology and markets.

    Seed-Start Program

    Equipping innovative, early-stage South Australian startups with grant funding to support the commercialisation of an innovative product or service. Funding is available through a competitive grants program to assist with the costs of delivering a clearly defined project that will generate significant business and community benefits.

    Innovation Ecosystem

    Supporting programs, events and activities that have broad benefit to the startup community. Through the RIF Innovation Ecosystem stream, the Department for Industry, Innovation and Science may invite proposals from businesses and support organisations – funding initiatives that increase entrepreneurial activity across our state.

    SA Cooperative Research Centre Assistance Program

    Applications are now open for the South Australian CRC Assistance Program for Round 25. This supports CRC bids that will establish the headquarters or a node in South Australia.

    Get help navigating opportunities

    There are experienced DIIS team members available to support your growth ambitions – whether that be help with workforce development, navigating government and other support programs, connecting with peers and industry leaders, or the adoption of new technologies.