CSIRO Expands Funding for Small Business

Posted at 13:02h in Business, News by Simmons Livingstone

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In a move that promises to unlock new horizons for small and medium-sized enterprises (SMEs) and emerging scale-ups across Australia, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) is set to broaden the reach of its innovative Kick-Start program. This expansion will cater to a wider array of businesses in dire need of research and development (R&D) funding and expertise.

The recently expanded program raises the ceiling for eligibility, extending its embrace to businesses with an annual turnover of up to $10 million, a significant shift from the previous benchmark of $1.5 million. The goal is clear: to foster innovation and growth across a broader range of Australian enterprises.

What Does the CSIRO Kick-Start Program Offer?

The CSIRO Kick-Start program is a dynamic initiative that paves the way for SMEs to access CSIRO’s cutting-edge research expertise and capabilities for their R&D projects. The benefits extend far beyond mere funding, encompassing facilitation, research question refinement, connecting businesses with CSIRO experts and providing dollar-matched funding to enhance affordability and expand the scope of R&D services.

Since its inception in 2017, this game-changing program has spearheaded over 260 small business projects, injecting nearly $24 million into R&D activities. The result? These companies now boast a combined market value surpassing $2 billion. The impact of the CSIRO Kick-Start program on the Australian entrepreneurial landscape is undeniable.

The expansion of the CSIRO Kick-Start program is an exciting development for Australian businesses. With a broader eligibility criterion and a continued commitment to nurturing innovation, CSIRO is opening the doors to a brighter future for SMEs and scale-ups across the country.

For more information see https://www.csiro.au/en/work-with-us/funding-programs/sme/csiro-kick-start/about or speak with your Simmons Livingstone advisor on 1800 618 800 or via email at admin@simmonslivingstone.com.au.