The Australian Government has a range of funding programs to foster and support collaborative research and developments between university researchers and external partner organisations. For organisations with research-related challenges and opportunities, these programs are a cost-effective way of engaging in research with Monash University.
ARC linkage grants support research and development projects that involve collaboration between university researchers and external organisations. They are two to five year programs, with ARC grant funding of $50,000 to $300,000 per year. The total cash and in-kind contribution of the external partners must at least match the funding from the ARC.
Our team of Business Development Managers help Monash researchers and potential partner organisations find each other and negotiate project terms.
The Cooperative Research Centre (CRC) Program funds major collaborative partnerships designed to tackle complex problems of end-users (such as civil society or industry). CRCs find innovative solutions to these challenges that can be utilised by the end-users.
CRCs are typically seven-year programs with possible extensions. They often total $20 million to $40 million in research funding over the life of the program and can involve multiple universities and industry partners. The average grant is around $3 million per year and the industry partners' cash and in-kind contributions must at least match the grant amount.
To discuss ARC Linkage Grant or CRC opportunities contact one of our Business Development Managers. There are also many other leveraged funding schemes available and we work with our partner organisations to access these schemes as they become available.
The Innovation Voucher Program is a new Victorian Government initiative that supports businesses that want to explore ways to improve their competitiveness and productivity. It provides vouchers of up to $25,000 that can be exchanged for access to innovation and research and development facilities, training, goods, services, advice, expertise and consulting from research organisations including Monash University. Contact Monash Consulting Services to find out how your company may benefit from this program.