For further information contact R

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Update Smart Futures Fund, 2009 - 2010
For further information contact RD
Branch Telephone - 07 322 77211 Email -
RD.Advisory_at_dtrdi.qld.gov.au
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2009 10 Smart Futures Fund

• Latest round of the Qld Governments Smart
  Futures Fund was launched 9 September 2009.
• Close Date is 2pm, 5 November 2009.
• Information is available on the DEEDI website at
  http//www.industry.qld.gov.au/smartfuturesfund
• Some minor changes have been made to the 09/10
  funding guidelines.
• See following slides for further information

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All applications should address one of the
Priority Areas

• Supporting research commercialisation of Qld
  tropical expertise.
• Supporting climate change adaptation and/or
  mitigation, and renewable energy.
• Building social science capabilities aligned to
  the Toward Q2 Tomorrows Queensland priorities.

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General Info Skills Fund

• CVs will NOT be requested for any Skills grant
  program.
• Maximum word limits will be recommended for all
  SF applications, and enforced on some forms.

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Smart Futures Fund 2009 2010The Skills Fund

• To retain Queenslands brightest and attract the
  worlds best minds - 23.3M over 4 years
• The Innovation Skills Fund comprises the
  following
• Premiers Fellowships 1.25M over 5 years
• Fellowships Level 1 (300K) Level 2 (150K)
  over 3 years
• Researchers-in-Residence up to 100K for 6 to
  24 months
• Entrepreneurs-in-Residence up to 100K for 3
  to 18
• NEW Innovation Investment Exchange up to 45K
  for 12 to 30 weeks
• PhD Scholarships - 24K over 3 years

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Smart Futures Premiers Fellowships Smart
Futures Fellowships

• Applicants must apply for the full amount of
  funding.
• Applicants who have previously received a
• Smart State Premiers Fellowship
• Smart Futures Premiers Fellowship
• Smart State Fellowship, or a
• Smart State Futures Fellowship
• of the same or higher value are not able to
  apply.

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Smart Futures Commercialisation Fellowships
Researcher-in-Residence (RIR)

• The RIR Fellowships will now be offered for 6 to
  24 months instead of 3 to 12 months
• Applicants must complete a milestone table
  outlining their fellowship activities.

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Smart Futures Commercialisation Fellowships
Entrepreneur-in-Residence (EIR)

• The EIR Fellowships will now be offered for 3
  to 18 months instead of 3 to 36 months
• Applicants must complete a milestone table
  outlining their fellowship activities.

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Smart Futures Commercialisation Fellowships
Innovation Investment Exchange (IIE)

• New program - the IIE Fellowships will be offered
  for 12 to 30 weeks.
• Description for Queensland based venture
  capital fund managers to engage in exchange
  programs with overseas venture capital firms.
• Key objective to strengthen Queensland links
  with the international investment community.

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Smart Futures PhD Scholarships

• New condition Applicants must hold an approved
  PhD research scholarship
• 8000/yr for three years optional 2,000 bonus.
• (previously scheme was for 7,000/yr with
  optional 1,500 bonus)

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General Info Smart Futures Fund 2009-10

• All applications are now in Adobe PDF format (a
  MS Word version is available on request).
• University applications must be signed off by the
  DVC. Applications not signed off correctly will
  not be accepted.
• Project start dates should allow time for
  assessment and approval processes.

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Smart Futures Fund 2009 2010The Projects Fund

• To create new collaborations across research
  and industry that will drive new innovations -
  60M over 4 years
• The Projects Fund comprises the following
• National and International Research Alliances
  Program (NIRAP) up to 2M over 3 years
• Research-Industry Partnerships Program (RIPP)
  up to 1M over 3 years
• Partnerships-Alliances Facilitation Program
  (PAFP) open all year. Up to 50K.
• Proof of Concept Fund (POC) project based open
  all year. Up to 50K over one year.

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National and International Research Alliances
Program (NIRAP)

• An addition to the guidelines advises that
  contract research is not eligible as a
  collaborative relationship.

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Research-Industry Partnerships Program (RIPP)

• The industry partner(s) must now contribute a 25
  minimum of the the required cash match to the
  project. (This is an eligibility requirement.)
• An addition to the guidelines advises that
  contract research is not eligible as a
  collaborative relationship.

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Partnerships-Alliances Facilitation Program (PAFP)

• Maximum funding award is now 50K
• Max. payable to consultants 20K
• Funding can be claimed ONLY from the date of
  letter of offer NOT date of application
• The application form, once countersigned by the
  Dept, will become the financial assistance
  agreement for the project.

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Proof of Concept Fund (POC) Project Based

• The application now includes more questions about
  IP management plan and freedom to operate. (This
  has been identified as an area of weakness on
  previous applications).
• The application form, once countersigned by the
  Dept, will become the financial assistance
  agreement for the project.
• POC Applications are assessed quarterly.