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The first application round of the PIC Innovation Program will be closing on Friday 6 January 2012. Any company wishing to apply for funding in this round will need to ensure applications have been submitted by this date.
Applications submitted after 6 January 2012 will not be accepted by the Program.
It is recommended that should you have any queries regarding applying for a PIC Innovation program grant to contact the program prior to 23 December 2011.
The Program will have reduced service levels over the Christmas shutdown period; Friday 23 December 2011 to Wednesday 4 January 2012. Please note that response during this period may be intermittent.
The Program will inform all applicants of the assessment outcome as soon as is possible.
Priority Industry Capability Innovation Program Repayable Grants
The Priority Industry Capability (PIC) Innovation Program is an Australian Government initiative, providing direct support in the form of repayable, matched grants, to Australian defence companies. The program particularly focuses on assisting small to medium sized enterprises to pursue innovative defence industry projects.
PIC Innovation Program grants support Australia’s defence industry to develop, adopt and commercialise innovative technologies, methodologies, materials or systems in areas defined as Priority Industry Capabilities (PICs).
The Program aims to deliver greater assurance that the Australian Defence Force (ADF) will receive cutting edge and innovative solutions to its material, systems, support and sustainment needs, to support its operational needs. It will also support the defence industry sector to make the most of business opportunities within Australia and overseas.
The Australian Government, through DMO, is investing a total of $45 million in the PIC Innovation Program over the next 8 years.
The Program will provide up to $4 million in funding to successful applicants; these funds can be used to assist companies undertaking innovative projects relating to one or more of the PICs.
Grantees who successfully commercialise their project may be required to make payments to the Commonwealth, based on the gross sales revenue generated by the project’s output.
For further information please see the PIC Innovation Program Fact Sheet
To be eligible for PIC Innovation Program funding, Australian based defence companies must show that they currently have and support an Australian defence contract or subcontract, or that they have the technical and corporate capacity to support a defence capability which has been publicly foreshadowed for tender within the Defence Capability Plan. More information on eligibility requirements can be found within the Program Guidelines.
All applications for the PIC Innovation Program need to be submitted by 11:59pm on Friday 6 January, late applications will not be accepted by the Program.
Helpful PIC Innovation Program links:
PIC Innovation Program Guidelines PIC Innovation Program Applicant Guidelines PIC Innovation Program Application Form PIC Innovation Program Project Budget Calculator PIC Innovation Program sample Funding Agreement PIC Innovation Program Information Session Presentation PIC Innovation Program Fact Sheet Priority Industry Capabilities Fact Sheet
Applicants can contact a PIC Innovation Program Advisor by calling the Industry Programs hotline for advice on their eligibility, and on completing a PIC Innovation Program Application Form.
Industry Programs Hotline: 1800 651 292
Due to the timing of the current PIC Innovation Program funding round, it is recognised that the requirement to submit an “audited year-to-date financial report” (in accordance with Appendix B of the Application Form) may not be practical. As a result, this requirement has been waived for all applications for funding in this round. Companies who do not provide an “audited year-to-date financial report” with their application must instead submit an estimate of their profit and loss for the financial year-to-date. If you have any questions regarding this change, please contact the PIC Innovation Program.
Application and Assessment Process
The first application round for the PIC Innovation Program is now open. Companies interested in applying for funding are advised to review the Applicant Guidelines prior to starting their application.
The Application Form is also now available online. All applications for the PIC Innovation Program need to be submitted by 11:59pm on Friday 6 January, late applications will not be accepted by the Program.
Applicants are also encouraged to review the sample Funding Agreement, also available online, to review the PIC Innovation Program’scontractual arrangements.
If, after reviewing the Applicant Guidelines, you have any questions regarding the application process, or how to complete the Application Form, please contact the PIC Innovation Program advisors for assistance.