1 / 10

Australia’s Green Car Innovation Fund – An Investment Opportunity

Australia’s Green Car Innovation Fund – An Investment Opportunity. Leigh Wilmott Senior Business Development Manager ASEAN Automotive. GREEN CAR INNOVATION FUND. Part of the Australian Government's ‘A New Car Plan for a Greener Future’. The AUD $1.3 billion fund over ten years.

grady-cummings
Download Presentation

Australia’s Green Car Innovation Fund – An Investment Opportunity

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Australia’s Green Car Innovation Fund – An Investment Opportunity Leigh Wilmott Senior Business Development Manager ASEAN Automotive

  2. GREEN CAR INNOVATION FUND Part of the Australian Government's ‘A New Car Plan for a Greener Future’. The AUD$1.3 billion fund over ten years. Supports Australian companies for projects that enhance the research and development and commercialisation of Australian technologies that significantly reduce fuel consumption and/or greenhouse gas emissions of passenger motor vehicles. Grants are provided at a ratio of $1 of government funding for every $3, (25%), of eligible expenditure, contributed by the grantee.

  3. Program essentials Competitive merit-based grants program $1.3 billion over ten years from 2009 Companies, individuals and other entities can apply Applications from consortia are encouraged Funding ratio of 1:3 (25% grants 3 year projects (with extensions to 4 years) Funding available under Stream A and Stream B Minimum grants available Stream A $5 million (Australian registered MVP) Stream B $100,000 (Automotive parts companies) Cumulative total of grants must not exceed $100 million

  4. Eligible activities The program will support: research and development (R&D) proof-of-concept early-stage commercialisation pre-production development Activities must be undertaken in Australia and directly relate to the creation, acquisition, application or commercialisation of knowledge, technology, processes, materials or products which: are new or additional to the grantee, and significantly reduce fuel consumption and/or greenhouse gas emissions of passenger motor vehicles

  5. Eligible expenditure Labour (including salaries, overheads and employing recent graduates) Contractors Plant and equipment (50% cap) Acquisition and adaptation of new leading-edge technologies (10% cap) Prototype IP protection (10% cap) Collaborative costs Other

  6. Merit criteria Extent of reduction in fuel consumption and/or greenhouse gas emissions Technical merit, extent and calibre of innovation Capacity and capability of applicant to undertake the project (including management capability and need for funding) Commercial potential Contribution to a competitive Australian automotive industry, and benefits to the Australian economy

  7. Foreign investors? For foreign companies this provides opportunities to: establish an Australian presence partner with Australian entities, or further develop existing Australian operations/subsidiaries. CASE EXAMPLE A collaborative project / joint venture with an Australian partner where there is technology exchange. Conditions: where overseas collaborators are involved the lead applicant must be an Australian entity funding contributions from collaborative partners must be made available to the applicant to demonstrate capacity to fund share of costs

  8. Case Study: Orbital apply FlexDI technology to Chinese cars from Changan Orbital announced a $2.4 million 18-month proof-of-concept development contract last May to fit its Australian designed air-assisted direct-injection system to Changan’s current petrol engine family at its Perth engineering centre. The Green Car Innovation Fund grant of $440,413 will help Orbital to develop its FlexDI engine management and combustion system to be tested on engines and in vehicles for Changan Automobile, China’s fourth largest automaker with sales of 1,869,800 last year. “What this grant shows is the power of partnerships between the Australian Government, industry and international investors,” Senator Carr, Australian Industry Minister.

  9. Further Information Website: • www.ausindustry.gov.au/Manufacturing/GreenCarInnovationFund/Pages/GreenCarInnovationFund(GCIF).aspx

  10. CONTACT INFORMATION Leigh Wilmott Senior Business Development Manager ASEAN Automotive Australian Trade Commission (Austrade) Australian Embassy, Bangkok Tel: +66 2 69 64821 Mobile: +66 81 909 8776 Email: leigh.wilmott@austrade.gov.au

More Related