CSIRO boosts funding for SME innovation

Australia’s national science agency, CSIRO, has announced a $20 million investment to provide small to medium enterprises (SMEs) with greater access to research and development (R&D) opportunities to accelerate their growth.

The funding will allow CSIRO’s SME Connect team to support up to 750 SMEs through a range of programs and initiatives that provide facilitation, training, dollar-matched funding and support to start-ups and SMEs seeking to engage in company-led research projects.

SME Connect has supported start-ups and SMEs across a broad range of industry sectors including energy, technology, manufacturing, agriculture, mining, health and biosecurity.

Simon Hanson, Director of SME Connect said the investment helps boost Australian innovation by providing practical pathways for SMEs to leverage the expertise and facilities of the national science agency.

‘Our research has shown that strong collaboration between industry and the research sector is crucial for the longevity and success of Australian SMEs,’ Mr Hanson said.

‘This funding injection enables us to encourage and support initiatives aimed at bridging this gap, fostering meaningful collaborations between businesses and academia, we aim to facilitate innovation and growth within the SME ecosystem.’

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CSIRO's SME Connect programs

CSIRO media release