Researcher Exchange and Development within Industry Initiative (REDI)

At a glance

Open

Provides one service provider with $32 million to facilitate connections between industry, universities, registered training organisations and government entities and deliver mentoring and exchange programs for researchers.

Who can apply

At a minimum, you must:

  • have an Australian Business Number (ABN)
  • be incorporated in Australia

And be one of the following eligible bodies:

  • a medical research institute
  • a university
  • a corporate Commonwealth entity
  • a corporation (including businesses and not for profits).

Other eligibility requirements apply.

Deadline to apply:

Contact information:

13 28 46

business.gov.au/contact

Apply

Overview

The Researcher Exchange and Development within Industry Initiative (REDI), is supported by the Medical Research Future Fund. The objective of the fund is to strategically fund research and address national priorities in a cohesive and coordinated way. We will fund one service provider who will be responsible for:

  • facilitating connections between industry, universities, registered training organisations and government entities; and
  • delivering, potentially in collaboration with joint-service partners’ relevant training programs, industry placements, mentoring and exchange programs for researchers.

The objectives of the grant opportunity are:

  • to provide researchers with a diverse range of experiences and exposure to entrepreneurism with the aim of strengthening Australia’s success with translation and commercialisation to identify innovative ways to prevent, diagnose and treat disease.

The Australian Government has announced a total of $32 million over four years from 2019-20 to 2022-23 for this grant opportunity:

  • $8 million in 2019-20
  • $10 million in 2020-21
  • $10 million in 2021-22
  • $4 million in 2022-23.

The grant amount will be up to 100 per cent of eligible project costs.

The maximum grant amount is $32 million.

Eligibility criteria

To be eligible you must:

  • have an Australian Business Number (ABN)
  • be incorporated in Australia

and, in accordance with s24 of the Medical Research Future Fund Act 2015 , you must be one of the following eligible bodies:

  • a medical research institute
  • a university
  • a corporate Commonwealth entity
  • a corporation (including businesses and not for profits).

We can only accept applications where you provide:

  • evidence from your board (or chief executive officer or equivalent if there is no board) support for the project and that you can complete the project and meet the costs of the project not covered by grant funding
  • a project plan
  • a detailed project budget.

We cannot waive the eligibility criteria under any circumstances.

Merit criteria

To be competitive you must score highly against all of the merit criteria.

  • Merit criterion 1 The extent that your project enhances researchers’ capacity to commercialise and translate new or existing health research (40 points)
  • Merit criterion 2 Your capacity, capability and resources to deliver the project (30 points)
  • Merit criterion 3 Impact of grant funding (30 points)

How to apply

You should read the grant opportunity guidelines before you apply. Grant opportunity guidelines provide detailed information on the grant opportunity, including granting activity objectives; all eligibility and merit criteria; the assessment processes; reporting and acquittal requirements; and a description of review mechanisms.

To apply, fill in the online application form and attach any mandatory attachments.

Apply

When you submit your online application, we will provide you with an automated receipt number and we will send a copy of your complete application to both the contact email address and the declarant email address that you provide in the form.

For assistance with the application form contact us.

How we assess applications

We assess your application against the eligibility criteria and then against the merit criteria. Only eligible applications will proceed to the merit assessment stage.

The amount of detail and supporting evidence you provide in your application should be relative to the project size, complexity and grant amount requested. You should define, quantify and provide evidence to support your answers. The sample application form displays character limits.

The program delegate will make the final decision.

If your application is successful

If your application is successful, you will receive a written offer. If you are unsuccessful, we will notify you in writing and give you the chance to discuss the outcome with us.

Successful applicants must enter into a grant agreement with the Commonwealth. The grant agreement will specify the reporting requirements, payment schedule and milestones necessary to receive payments.

Key documents

  • Grant opportunity guidelines

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