The Go-Green Co-Innovation Program (GGCIP) fosters collaboration between Australian and Singaporean SMEs to drive projects aimed at decarbonisation and achieving net-zero emissions in either country. It encourages joint ventures between Australian SMEs and Singaporean partners, boosting economic ties, especially in green sectors.
Promoting Eco-Friendly Synergy: The Objectives of GGCIP
The Go-Green Co-Innovation Program(GGCIP) aims to foster collaboration between small and medium-sized enterprises (SMEs) from Australia and Singapore, as well as Singaporean businesses. Together, they will undertake projects that serve the dual purpose of decarbonizing economic activities and facilitating the transition of either Australia or Singapore to a net-zero emissions environment.
The GGCIP encourages Australian SMEs to initiate or expand their business and commercial activities with Singaporean enterprises. This initiative seeks to stimulate trade and economic activities between Australia and Singapore in the field of environmental goods and services, particularly in green sectors.
The Australian Government, through the Department of Foreign Affairs and Trade, will oversee GGCIP grants available to eligible Australian SMEs. Concurrently, Enterprise Singapore will manage grants offered by the Singaporean government for businesses in Singapore collaborating with Australian SMEs.
What are the benefits?
Qualifying enterprises can access funding ranging from $150,000 to $500,000.
Who is eligible for this opportunity?
This opportunity is intended for Australian small and medium-sized enterprises (SMEs).
This funding opportunity is designed to encourage collaboration between Australian SMEs and Singaporean businesses for the development and commercialisation of products, services, or solutions contributing to the decarbonisation of economic activities or aiding both Singapore and Australia in their transition to net-zero emissions.
These grants are aimed at supporting projects within priority green economic sectors, including but not limited to:
Renewable and green energy
Waste management and circular economy
Sustainable agribusiness and food
Green transportation and logistics
Built environment and infrastructure
Energy-efficient technologies and products
Advanced manufacturing and sustainable materials
Environmental monitoring, analysis, and assessment.
To qualify for these grants, applicants must meet the following criteria:
Possess an Australian Business Number (ABN).
Be registered for goods and services tax (GST).
Be a permanent resident of Australia or an Australian citizen.
Represent a SME, sole trader, company, or other legal entity registered or incorporated under Australian Commonwealth, State, or Territory law.
Maintain all necessary insurance coverage.
Collaborate with a Singapore-registered business, which must be a distinct and independent entity unaffiliated with any Australian project partners.
Discover further details about your qualifications and the application processhere.
Projects initiated under the GGCIP should meet the following conditions:
Be executed in Singapore, or
Involve trade and commerce between Singapore and Australia, or
Promote trade and commerce between Singapore and Australia, and
Be jointly conducted in Singapore and/or Australia alongside a Singaporean business partner.
Don’t miss the opportunity – the first round of applications for this program will be accepted untilDecember 4, 2023.
If you want to learn more about the realm of R&D and innovation or require assistance navigating its complexities, please don’t hesitate to get in touch. We’re eager to share our expertise and comprehensive understanding of grants,R&D tax benefits, and other advantageous opportunities.