Government of Western Australia to fund job creating projects through innovation grants
An announcement made by the Government of Western Australia highlighted the innovation grants awarded by the McGowan Government to 6 successful applicants, with innovative projects, that will create more jobs for the Western Australia community.
There will be six successful recipients of innovation grants worth A$ 430,000 provided through the McGowan Government’s New Industries Fund according to Innovation and ICT Minister Dave Kelly.
Innovation and ICT Minister Dave Kelly said, “The McGowan Government is committed to delivering new initiatives in collaboration with industry to support and create WA jobs.”
The New Industries Fund is a A$ 16.7 million fund, over four years, that will support and accelerate new and emerging businesses to diversify the Western Australian economy and create new WA jobs and industries.
The fund will support and grow local jobs, both in Perth and in the regions, by building on Western Australia’s competitive advantages in sectors like agribusiness, life sciences, tourism, resources, education and training, space, defence, digital data and cybersecurity.
With this program, the government is able to collaborate with the private sector. This allows them to leverage the expertise of the private sector in order to support innovative job creating projects.
Minister Kelly said, “The successful applicants' bids have regional, national and global application and will create jobs and diversify the WA economy.”
Because of the strong interest in the new program, 20 eligible applications were assessed in the culminating stages. From this, 6 applications with projects spanning from between six months to 12 months will be receiving a total of A$ 430,000.
An independent evaluation panel made up of industry experts recommended the final list of successful application. Successful bids required a 1:1 co-investment and were judged on criteria that supported WA job creation and economic diversification.
Minister Kelly said, “I congratulate the six successful grant applicants and look forward to hearing of their achievements and developments in the coming year.”
The 6 successful applicants are:
(1) The Centre for Entrepreneurial Research and Innovation – Expansion of entrepreneurial program to include initiatives such as the Guest Entrepreneur Program.
(2) CY O'Connor ERADE Village Foundation Inc – Project to directly connect agribusinesses with experts to solve agriculture sector challenges.
(3) Food, Fibre and Land International Group Pty Ltd – Project to develop a hub for hemp growing and research.
(4) Curtin University - A project to expand a week-long innovation platform celebrating innovation, investment and entrepreneurship in WA.
(5) KinChip Systems Pty Ltd - a digital technology that uses an algorithm to deliver personalised support for families of children with health or developmental challenges
(6) Spacecubed Innovation Ltd – A project to build coding capabilities for regionally based female entrepreneurs.