AusIndustry - Ebulletin No.72


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AusIndustry is the Australian Government's principal business program delivery division in the Department of Innovation, Industry, Science and Research.

We deliver a range of more than 35 business programs worth about
$2 billion each year to more than 12,000 businesses and about 85,000 individuals.

These programs include:

innovation grants
tax and duty concessions
small business skills development
support for industry competitiveness

What's making news

Issue No.72 | 16/03/2010

Minister's Message

Last week I announced funding under the Green Car Innovation Fund to support the testing of Australian green engine technology for Changan Automobile - China's fourth largest automaker. Partnering with a major player in the world's largest auto making country is a coup not just for Perth company Orbital, but for Australian industry generally. It highlights the vital role local industry can play in developing green technologies for global markets. Tapping into these global markets is a major goal for the Rudd Government. We will continue to work hard to identify global opportunities supporting local jobs.

- Senator the Hon Kim Carr
Minister for Innovation, Industry, Science and Research

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Benchmark your business

The Export, Finance and Insurance Corporation's Global Readiness Index (GRi) researches the current destinations for exporters and offshore investors, their motivations, and the barriers they face in an increasingly globalised world. This study provides Australian business and government with a picture of opportunities and challenges in today's global supply chains. The online survey takes about 10 minutes and is open to Wednesday 31 March 2010.

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Open for business

Applications are now open for the Department of Education, Employment and Workplace Relations' Minister's Awards for Excellence for Employers of Australian Apprentices. The awards recognise and reward organisations and individuals who make an outstanding contribution to the training of Australian Apprentices.

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Off and racing

F1 in Schools - Australia is action-learning of science, maths and technology. Through the appeal of Formula One motor racing, F1 in Schools is engaging and inspiring young people, working their interest in engineering related careers and connecting students to industry. Registration for the 2010 season closes on Sunday 30 May 2010.

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Venture capital growth

Fund managers around the country are invited to submit applications under the latest round of the Australian Government's venture capital support program, the Innovation Investment Fund (IIF). Through the IIF program, the Government will provide $20 million to establish new funds of $40 million or more. Applications for the current round close on Monday 31 May 2010.

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Go with Green!

The $1.3 billion Green Car Innovation Fund offers grants from $100,000 for projects that significantly reduce fuel consumption and/or greenhouse gas emissions of passenger motor vehicles.

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Giving business confidence

AusIndustry's R&D Tax Concession allows companies to deduct 125 per cent of their research and development expenditure when lodging their tax returns. Two companies - Formblock and Hoodlum - credit the concession with giving them the ability to throw resources at and confidence in their projects, in order to get them to market. Companies who have the standard income reporting period 1 July 2008 to 30 June 2009 are required to lodge the 2008-09 Application for Registration of R&D Activities by 30 April 2010.

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Meet the water wise abattoir

Victorian meat processor Radford Meats used a $203,800 Re-tooling for Climate Change grant to replace its old water supply system with ultrafiltration technology - a red meat industry first. AusIndustry's RCC program provides grants of $50,000 to $500,000 to small and medium sized businesses undertaking manufacturing in Australia. The grants aim to assist manufacturers reduce their environmental footprint, by improving the energy and/or water efficiency of their production processes.

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AusIndustry readers giveaway

Ben Rogan from Buildersedge Pty Ltd, Toongabbie, Victoria, has won the Your Business Success competition open only to AusIndustry e-bulletin readers. The prize was Volume 4 of its Your Business Success Program, Creating the Right Strategy. This volume outlines business planning, franchising, exporting and new inventions. The program, developed by the makers of the Channel 9 TV show Your Business Success, is in a self-paced format with DVDs and workbooks.

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Although electronic messages sent by Government bodies are exempt from the new Spam Act 2003, AusIndustry pays the courtesy to our customers and stakeholder to opt out of being on AusIndustry's Distribution List, in accordance with the intent and spirit of that Act.

AusIndustry is the Australian Government's business program delivery division in the Department of Innovation, Industry, Science and Research. AusIndustry delivers a range of more than 30 business programs - including innovation grants, tax and duty concessions, small business development, industry support and venture capital - worth about $2 billion to more than 12,000 businesses and about 85,000 individuals every year.

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Thank you for your time.

Doug Gorrel - E-bulletin Editor, or
Jenni Philippa - National Marketing Manager

AusIndustry National Marketing Unit
Department of Innovation, Industry, Science and Research
Level 7, 10 Binara Street, Canberra City ACT 2601
GPO Box 9839, Canberra ACT 2600
Ph: +61-2-6290 8778 Fax: +61-2-6290 8778
Internet: http://www.innovation.gov.au
ABN 74 599 608 295