Smart SMEs Market Validation Program
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What is the Smart SMEs Market Validation Program?
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The Smart SMEs MVP is a pilot program that aims to promote innovation in business and government by supporting R&D for demonstration projects.
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Victorian public sector entities will identify needs requiring new technology solutions, and engage SMEs to explore the feasibility of technology solutions and conduct the R&D to proof-of-concept.
The proposed 'solution' must be a new technology solution – for example, biotechnology, nanotechnology or environmental technologies – to meet the specified requirements of the Victorian public sector entity.
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Round One Program Plan
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| - Victorian public sector entities develop Technology Requirement Specifications (TRS) for identified technology needs
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| Open 2 March 2009
Closes 24 April 2009
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|  | | Stage 2 - Feasibility Study
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| - Successful TRS released to market as a Call for Proposal, inviting SMEs to propose new technology solutions for Feasibility Study
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| Opens 24 June 2009
Closes 14 August 2009
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| - Responses to TRS assessed by public sector entities and DIIRD
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| | - Successful SMEs undertake a Feasibility Study and submit a Feasibility Study Report at the conclusion of a 3 month timeframe
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| | - Host entities and DIIRD assess Feasibility Study Reports and recommend successful SMEs for Proof of Concept funding
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| | | Stage 3 - Proof of Concept
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| - Successful SMEs undertake R&D to Proof of Concept
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| From March 2010 (up to 2 years duration)
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Please note that the above dates are a guide only and may change.
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Who is eligible to apply for the program?
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Eligible SMEs will:
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- Be a non tax-exempt company incorporated in Australia under the Corporations Act 2001, with at least 51 per cent of the applicant's current business activities, employees or assets residing within Australia
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- Have a combined turnover of less than $50 million for each of the three financial years prior to application
- Have fewer than 200 employees
- Have access to any necessary IP
- Be willing to undertake not less than 80 per cent of the R&D work in Victoria
- Have the Principal Investigator based in Victoria for the duration of the project
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Contact
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Questions and requests for further information can be emailed to the Smart SMEs team, or you can register your interest in the Smart SMEs Market Validation Program.
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