Geraldton MLA Ian Blayney has welcomed the announcement of Round 2 of the Government’s Innovative Vouchers Program, by Commerce Minister Michael Mischin. Small-to-medium enterprises (SMEs) with a great idea and plenty of drive can apply for up to $20,000.
“The first round generated lots of interest and I’m hoping that the second round will be equally embraced,” said Ian Blayney.
”This funding will help businesses access professional skills, services or knowledge to advance their innovation or commercialise activity in the State.
“The program is designed to encourage industry-led innovation, which will increase research and development investment into WA and in turn, create economic and employment opportunities,” he said.
About 25 vouchers were awarded during round one this year, totalling $450,000 to help small-to-medium enterprises.
Successful applicants can use the funds for research and development, product development, technology transfer, intellectual property or commercialisation support services.
Minister Mischin said the State Government actively supported entrepreneurialism and innovation through a range of successful programs, services and purpose-built facilities, such as the WA Innovator of the Year program, Innovation Centre of WA, Industry Facilitation and Support Program and Medical Research Commercialisation Fund.
Mr Blayney agrees that these programs, services and facilities underpin the broader State approach to helping translate innovation into successfully commercialised goods and services with specialised competitive advantages for world markets.
“They support the development of internationally competitive industry sectors, creating new economic opportunities and adjusting to fundamental global changes.”