Innovation Vouchers Program (IVP) 2015

  • 02 Feb 2015
  • 27 Feb 2015
  • 3:00 PM
  • Innovation Centre WA- EU 3, 9 De Laeter Way, Bentley WA 6102

"Innovation Vouchers Program 2015"

"The Innovation Vouchers Program (IVP) can provide financial assistance of up to $20,000 to eligible small-to-medium enterprises (SMEs) to access professional skills, services or knowledge to enable them to advance their innovation or commercialisation activity in Western Australia.

The State Government recognises that SMEs have great ideas, but sometimes taking these ideas and turning them into new and sustainable business opportunities with real commercial outcomes can be difficult.

The Department of Commerce developed the IVP to assist SMEs to overcome some of the barriers that exist on the path to commercialisation.

IVP eligible expenditure includes:

  • research and development (eg technical development and compliance testing);
  • product development (eg engineering design work);
  • technology transfer and intellectual property (eg protection of intellectual property, legal advice and licensing); and
  • commercialisation support services (eg innovation management and consulting).

To apply for an IVP, SMEs are required to submit a written application.  Eligible applications will be evaluated by an independent Evaluation Panel.

The program allows for grants up to $20,000 per voucher to be awarded.  Recipients will need to provide a net cash co-investment of matched funds at a rate no less than 20:80 of applicant to State Government funding.

Applications open on 2 February and will close on 27 February 2015." 

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