SME Investment Development Program

Submitted 9/01/2011

www.southaustralia.biz

 

Eligibility
Projects must involve capital expenditure of a minimum of $300,000. Projects with a bias towards innovation and the introduction of new technology will be given priority. The applicant must: • be a small to medium sized enterprise (SME) with a turnover of less than $10 million per annum; • be directly engaged in manufacturing; • have an Australian Business Number (ABN); • be a legal entity with whom the South Australian Government can enter into a legally binding Funding Agreement; • have a demonstrated ability to fund the remaining share of the project costs; and • be willing to formalise the arrangement in a Funding Agreement with nominated milestones.

The objective of the Program is to support small to medium sized manufacturing businesses to introduce new technology, new products/services and/or enter new markets. Program funding supports direct costs relating to:

  • purchase of capital items directly related to the production of a new product; and/or 
  •  purchase of capital items directly related to improving the efficiency and/or capacity of production; and/or
  • the cost of training directly related to the new capital item; and/or
  • professional services critical to the capital item (eg. engineering, technical, design and development).

For further information visit: http://www.innovatesa.com.au/innovate-sa.

For further information contact

Bob Jones
Email: southern@innovatesa.com.au
Phone: 08 8201 7520
Web: http://www.innovatesa.com.au/