The $4.5 million regional component of the New Industries Fund has been launched yesterday, aiming to drive innovation, diversification and job creation across regional Western Australia. Up to $300,000 will be allocated to each of the nine regions for initiatives that build a regional innovation pipeline and drive job creation at a local level.
The funding will target small-medium enterprises (SMEs), start-ups, organisations providing innovation support in the regions and transforming existing businesses to seize new industry opportunities.
Organisations and businesses can register to join a Regional Innovation Partnership at http://www.newindustries.wa.gov.au. Roadshow briefings, to explain how the fund works, will be held in each region over the next two months.
To read the full media statement, please click here.