Regional New Industries Fund (RNIF)
The State Government is committed to building regional economies that are entrepreneurial, creative and technology-driven to create sustainable job opportunities for regional people.
The State Government's Regional New Industries Fund (RNIF) will allocate $4.5 million across the nine regions of Western Australia to support venture creation, accelerate small-medium enterprise (SME) growth and seed innovation initiatives.
The Department of Primary Industries and Regional Development recently called for expressions of interest under the new GroundSwell Program, from organisations to run entrepreneurial and technology programs in one or more of the State’s nine regions.
Grants of up to $200,000 were available under this co-investment program.
To support regions to create jobs and build globally competitive and diverse industries, expressions of interest were sought from organisations that run programs under each of the following two themes:
- Entrepreneurship programs that deliver regional education, training, mentoring, and resources to students and business founders to test business ideas, launch start-ups and grow businesses.
- Technology programs that support regional SMEs to adopt technologies to streamline internal processes, cut costs and enhance their profitability and competitiveness. Technologies may include additive manufacturing, artificial intelligence, data and analytics, and software as a service.
The types of programs initiatives that could be supported under the GroundSwell Program include (but are not limited to):
- Incubators and accelerators
- Entrepreneurial education, mentoring and training
- Business innovation and transformation
- Data and analysis
- Additive manufacturing
- Coding and web-services training
- STEM and research and development programs
Applications closed on Monday, 10 August 2020. For more information about GroundSwell, visit the Regional New Industries Fund website.