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Driving Business Innovation - Call for Proposals for Round 2

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The Driving Business Innovation Program supports SMEs to develop technology that meets specified needs of Victorian Government agencies. It focuses on commercial outcomes as well as technical success.

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Driving Business Innovation - Call for Proposals for Round 2

  1. 1. Driving Business Innovation Round 2 Call for Proposals August 2014
  2. 2. What is the program about? The Driving Business Innovation Program • builds on pilot Market Validation Program (MVP) which commenced in 2009 • leverages power of government-as-customer • supports SMEs to develop technology that meets specified needs of Victorian government agencies • focuses on commercial outcomes as well as technical success
  3. 3. Since 2009, the MVP / DBI model has supported: • 75 projects • 19 Proof of Concept projects; 56 Feasibility Studies • Innovation symposium • short films of several Proof of Concept projects • Specialist reports and workshops (e.g IP, procurement, health economics, commercialisation) To date:
  4. 4. Project examples
  5. 5. Program structure DBI’s structure comprises: • Feasibility Study - $75k over 3 months • Proof of Concept - up to $1m over 18 months • New stage – Market Ready – matched $500k to progress selected technology solutions to the shelf over 6 months
  6. 6. How does the DBI work? Technology Challenge Market ReadyFeasibility Study Proof of Concept Government agency describes a need for a solution SME proposes a solution to the need SME partners with government agency to determine feasibility of proposed solution SME partners with government agency to prove the working prototype SME develops the solution ready for sale to customers $75k per project 3 months $1m per project 18 months $500k per project (matched funding) 6 months
  7. 7. DBI will support projects that: • Have commercial potential • Describe innovative technology • Are achievable within the program’s budget and timeframe • Have significant economic impact • Have strategic alignment with government policy • Demonstrate strong governance and capability (host & SME) What are we looking for?
  8. 8. DBI Round 2 Round 2: • received 30 Technology Challenges from Vic Govt agencies • 12 selected by Panel to progress to Call for Proposal including: – 8 projects in the health sector – 3 projects in the water / waste management / agriculture sectors – 1 project in law enforcement Technologies likely to be represented: • Sensor technologies, wearable / non-invasive devices, materials science, microfluidics, wastewater treatments, data capture, imaging technologies, real time visualisation tools
  9. 9. Eligible SMEs must: • be registered in Victoria • be a non tax-exempt company incorporated in Australia • have a combined turnover of less than $50,000,000 • employ fewer than 200 employees • have access to or the beneficial use of any IP • undertake not less than 80% of the R&D work in Victoria • have the Principal Investigator based in Victoria Eligible SMEs
  10. 10. Call for Proposal • Call for Proposal stage opens late August early September 2014 • All Technology Challenges, Guidelines, eligibility criteria and Application Form on website – www.business.vic.gov.au/dbi • Probity rules apply during this application process • Hosts will shortlist SMEs and invite shortlisted SMEs to present on their proposal • Minister will approve recommended SMEs • Financial risk assessment, contract negotiation will be finalised before Feasibility Study projects start
  11. 11. Collaboration Collaboration: • SMEs are encouraged to collaborate with other SMEs, universities & publicly funded research institutes • All collaborations must be SME-led • Collaborations can be up to 30% of total grant funds
  12. 12. Intellectual Property • All IP developed during the program is retained by the SME • Vic Govt negotiates access to the developed technology at completion of Proof of Concept
  13. 13. July 2014: Technology Challenges assessed by DSDBI Panel August – October 2014: Call for Proposal stage: SMEs invited to respond to Technology Challenges November 2014: Hosts shortlist SMEs and recommend one SME to undertake Feasibility Study Early 2015: Successful SMEs negotiate agreements and begin Feasibility Study (3 months, $75k) Round 2 Timeframes
  14. 14. For further information about Driving Business Innovation and how to apply: www.business.vic.gov.au/dbi Ph: 9651 8154 Email: mvp@dsdbi.vic.gov.au
  15. 15. Questions?

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