Innovation Australia is an independent statutory body established to assist with the administration of the Australian Government's innovation and venture capital programs designed to support industry innovation.
Established on 27 September 2007, Innovation Australia is an amalgamation of the former Industry Research and Development (IR&D) Board and the Venture Capital Registration (VCR) Board (formerly known as the Pooled Development Funds Registration Board). On its establishment, Innovation Australia assumed the roles, responsibilities and powers of the two former Boards.
Programs administered by Innovation Australia include:
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R&D Tax Concession
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Commercialising Emerging Technologies (COMET)
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Innovation Investment Fund (IIF)
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Innovation Investment Follow-on Fund (IIFF)
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Pre-Seed Fund (PSF)
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Venture Capital Limited Partnerships (VCLP)
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Early Stage Venture Capital Limited Partnerships (ESVCLP)
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Pooled Development Funds (PDFs)
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Renewable Energy Equity Fund (REEF)
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Green Car Innovation Fund (GCIF)
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Climate Ready Program
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Re-Tooling for Climate Change
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Commercial Ready
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Renewable Energy Development Initiative (REDI)
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R&D Start
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Industry Cooperative Innovation Program (ICIP)
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Pharmaceuticals Partnerships Program (P3)
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(ACIS Stage 2) Motor Vehicle Producer (MVP) R&D Scheme
Like its predecessor, Innovation Australia administers these programs through a number of committees that are formed to assist with the consideration of applications received under the innovation and venture capital programs.
Innovation Australia Overview
- A list of the Innovation Australia Members