Programs and Funding

MFI is committed to enabling industry to work with the great resources across Monash. We encourage prospective industry wanting to engage with us, view the following programs and funding opportunities

How to engage?

  • As a business you can apply to the grants as the applicant
  • Get into contact with our team who can submit on your behalf

Entrepreneurs’ Programme – Accelerating Commercialisation

Accelerating Commercialisation provides small and medium businesses, entrepreneurs and researchers with access to expert advice and funding to help get a novel product, process or service to market.

Entrepreneurs’ Programme – Innovation Connections Grant

Innovation Connections assists businesses to understand their research needs, connect with the research sector and fund collaborative research projects.

Food and agribusiness has been identified as one of the growth sectors.

Discovery Projects

The Discovery Projects scheme provides grant funding to support research projects that may be undertaken by individual researchers or research teams. Its objectives are to:

  • support excellent basic and applied research and research training by individuals and teams;
  • support national and international research collaboration; and
  • enhance the scale and focus of research in Australian Government priority areas

Research and Development (R&D) Tax Incentive

The Research and development (R&D) tax incentive replaced the R&D tax concession from 1 July 2011. It provides targeted R&D tax offsets designed to encourage more companies to engage in R&D. The incentive has two core components. Entities engaged in R&D may be eligible for:

  • a 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million per annum, provided they are not controlled by income tax exempt entities
  • a 38.5% non-refundable tax offset for all other eligible entities (entities may be able to carry forward unused offset amounts to future income years).