The Defence Global Competitiveness Grants will help to build a stronger, more sustainable and globally competitive Australian defence industry. These grants match eligible SMEs with funding grants of up to $150,000 to invest in projects that build defence export capability.
To be eligible for the Defence Global Competitiveness Grants, companies must:
- Be an SME with less than 200 employees;
- Have an Australian Business Number (ABN);
- Provide evidence from your board (or chief executive or equivalent if there is no board) that the project is supported, and that you can complete the project and meet the costs of the project not covered by grant funding; and
- Provide an external accountant declaration that confirms you can fund your share of the project costs.
Additionally, applicants must also be:
- A company, incorporated in Australia; or
- An incorporated trustee on behalf of a trust.
Applications will be assessed against a range of eligibility and merit criteria, on a points basis, including:
- Merit criterion 1: The extent that your project will help your business to build defence industry export capability (50 points);
- Merit criterion 2: Your capacity, capability and resources to deliver the project (30 points); and
- Merit criterion 3: The impact of grant funding on your project (20 points).
Defence Global Competitiveness Grants, announced in the 2018 Defence Export Strategy, are a dedicated annual grants program of up to $4.1 million each year supporting eligible Australian SMEs.
The grants will build the export capability of Australian SMEs by assisting in overcoming barriers to accessing export opportunities, including achieving international accreditations and procuring capital items.
For more information or to apply for a Defence Global Competitiveness Grants, click here.