Financial Support
Bio Innovation SA plays a key role in assisting South Australian researchers and start-up companies to access public and private funding to ensure they can achieve a commercial outcome for their technologies.
Bio Innovation SA Activities
Bio Innovation SA is facilitating the growth of South Australia's bioscience industry by:
- Providing information, advice and assistance to bioscience start-ups, companies and scientists/researchers seeking access to private sources of funding
- Offering funding through a number of South Australian Government programs
- Establishing networks for global linking of research and industry to sources of international public and enterprise funding
- Linking the South Australian bioscience industry with federal strategies and programs to gain greater leverage from current and proposed funds
Bio Innovation SA Conditional Grants
Bio Innovation SA operates a number of key funding initiatives, including:
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Commercial Development Initiative - CURRENTLY ON HOLD
Bio Innovation SA has established the Commercial Development Initiative (CDI) to assist the commercialisation of South Australian bioscience technologies originating from public sector organisations, including universities, hospitals a nd research institutes. Applications can be submitted at any time. CDI grants of up to $50,000 can be used for such activities as proof-of-concept research, intellectual property advice and market research. (Employees of the South Australian Department of Health can apply for funding for provisional patent applications through this scheme).
For more information please contact Mr Neil Finlayson, Business Development Director on +61 8 8217 6400
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Business Development Initiative
Bio Innovation SA has established the Business Development Initiative (BDI) to assist South Australian bioscience companies to develop their business. BDI conditional grants of up to $250,000 can be used for a range of activities. The BDI is open to start-up and early stage South Australian biotechnology companies. Applications can be submitted year-round and will be reviewed according to Merit Criteria which include the feasibility and commercial viability of the activities and the commercial expertise and skill of the management team. New conditions apply to these grants, please contact our Business Development Team to discuss.
For more information please contact Mr Neil Finlayson, Business Development Director on +61 8 8217 6400Click here for the BDI Guidelines.
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Commercial Infrastructure Grant - CURRENTLY ON HOLD
Funding to a maximum of $250,000 to help South Australian bioscience companies and organisations to buy equipment that has the potential to assist with generating revenues and
attracting additional funds. New conditions apply to these grants, please contact our Business Development Team to discuss.
For more information please contact Mr Neil Finlayson, Business Development Director on +61 8 8217 6400
Bio Innovation SA can also assist with accessing private funding through venture capitalists and angel investors.
For further information about these initiatives and/or accessing private capital, contact Bio Innovation SA on +61 8 8217 6400 or e-mail info@bioinnovationsa.com.au.
Links
Links to sources of research funding
www.adelaide.edu.au/rb/funding/opps.html
Links to sources of company funding
Bio Innovation SA
Level 15/33
King William Street
Adelaide SA 5000
Australia
Phone:61 8 8217 6400
Fax:61 8 8217 6416
War Stories – Lessons Learnt by The Medical Devices Partnering Program
13 September, BioSA Incubator (read more...)
HUPO 2010
19 - 23 September, Sydney Convention and Exhibition Centre (read more...)
Translational Research Excellence 2010 Conference (TRX10)
11-13 October, Brisbane Convention and Exhibition Centre (read more...)
Medical Device Regulation Workshop
18 October 2010 (read more...)
