Blog Post

FIAL opening bushfire innovation fund

Paul Brescia

Half a million provided through Food Innovation Australia Limited (FIAL) to support agribusiness

Businesses affected by the 2019/20 bushfires can access grants of up to $25,000 through Food Innovation Australia Limited (FIAL), as part of the $500,000 Black Summer Innovation Fund.

Food and agribusiness companies can use the funding to partner with technical experts and researchers to identify commercially relevant innovation opportunities, according to FIAL.

These could include the development of novel food processing, packaging and agricultural technologies for their new future.

There is no requirement for businesses to match the funding, though part of the money must be spent on training or upskilling staff. There must also be an attempt to commercialise the innovation within 24 months of completion, with a path to market established.

Submissions without a training plan or commercialisation strategy will be rejected out of hand.

While businesses will get to keep the intellectual property (IP) from any innovations made through the funding, if there is a failure to commercialise it within three years, FIAL then takes ownership of the IP.
  
“Backing Australian food and agribusinesses from the bottom-up during times of adversity is crucial,” said FIAL managing director, Dr. Mirjana Prica.
 
FIAL’s hope is that the fund will encourage food and agribusinesses to think differently about their challenges, using innovation to supercharge their business.
  
Australian food and agribusinesses owners who have been negatively affected by events of national natural catastrophe or global disease outbreaks in 2019 or 2020 are can apply here, with applications officially opening March 1.
NEWS
March 6, 2025
With efficient and lower emission energy solutions uppermost on farmers’ minds, ELGAS is committed to working with Australia's agricultural sector with LPG.
By Michael Crowley February 10, 2025
Following from another record year for beef production and exports, we anticipate opportunities for Australian beef to continue into 2025, especially in markets like the US which is in a cattle herd rebuild and was our number one export destination for beef in 2024.
By Professor Lewis Kahn February 10, 2025
Cutting-edge mobile technology is revolutionising on-farm decision making, but what makes agtech especially successful is when it complements farmer knowledge and links with on-farm practices, in a user-friendly manner.
December 16, 2024
Trace elements play a crucial role for Australian livestock producers. Long-Acting trace element bolus improves productivity, fertility, health and profitability. One dose, complete peace of mind.
October 30, 2024
The next-gen Mitsubishi Triton ute is the latest incarnation in an evolution of tough, reliable vehicles, that began in 1937.
October 30, 2024
Cattle producers are reaping the benefits of improved herd fertility, increased weight gain, and fewer stock losses thanks to strategic supplementation with trace minerals 
Show More
Share by: