BioSA Industry Development (“BID”) program to assist South Australian bioscience and technology organisations to develop their business. BID repayable grants can be used for a range of activities as described in the BID guidelines publication.
The following requirements must be met for an applicant to be eligible for assistance:
The applicant must be a South Australian bioscience organisation or individual(s)/organisation(s) in the process of forming a South Australian bioscience organisation. In the case of the latter, a condition of BioSA considering the Application will be that the applicant incorporates a new South Australian organisation which, if a grant is to be awarded, will then be the grantee. BioSA has the ultimate discretion to determine whether an organisation is a South Australian bioscience organisation.
The requested funding must be for activities that will exploit an advantage that the applicant has (or will have) in order to achieve important commercial outcomes for the organisation;
The applicant can demonstrate access to the existing and potential IP that will be necessary for the project.
The applicant must demonstrate that they are otherwise unable to fund the activities without the BID grant.
More information: view website.