The Minister for Agriculture, the Hon. Barnaby Joyce MP, recently launched a new $100 million grants programme which aims to boost the productivity and profitability of primary producers in the agriculture, fisheries and forestry sectors.
Rural Research and Development (R&D) for Profit implements the Australian Government’s election commitment to provide additional funding to the rural Research and Development Corporations (RDCs). The commitment is to fund research which focuses on delivering cutting edge technologies and making research accessible for primary producers, while better leveraging coordination and cooperation between stakeholders.
Over four years, the programme will help fund the RDCs to undertake projects that aim to provide practical, accessible outcomes for primary producers. Your organisation could have a valuable role in this exciting new rural R&D initiative.
While the RDCs will be the principal grant recipients, to be eligible for funding they must collaborate with one or more researchers, research agencies, funding bodies, businesses, producer groups or not-for-profit agencies. The partnership must then provide a cash or cash plus in-kind contribution at least equal to the requested Australian Government grant funding.
Collaborating with the RDCs could bring your ideas, products or services to new sectors. These partnerships could provide your organisation with opportunities for research that could help make our industries more innovative.
While this programme aims to boost productivity and profitability for primary producers in agriculture, fisheries and forestry, an organisation doesn’t need to be part of these sectors to be involved in the programme. Adapting ideas or technologies from other industries or sectors such as yours could facilitate significant productivity gains for Australia’s primary industries.
For more information please see the factsheet. The programme guidelines outline the funding priorities for round one and other programme requirements, and are available on our website at agriculture.gov.au/rd4profit