Login
iscover
The Queensland government has announced the second round of the Defence and Aerospace Industry Development Fund is open for small-to-medium enterprises (SMEs) to expand their opportunities
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
As part of the Queensland government’s expanded support to the small-to-medium enterprises (SMEs) by supporting them to enhance their prospects for securing participation in defence, aerospace and space industry supply chains have launched round two of the Defence and Aerospace Industry Development (DAID) Fund.
An important action under the Roadmaps was the establishment of the Defence and Aerospace Industry Development Fund (DAID Fund).
The DAID Fund develops Queensland SMEs by supporting the promotion of SME capabilities to the global defence, aerospace and space industries and compliance with international industry certification requirements.
The DAID Fund is administered by the Department of State Development, Infrastructure, Local Government and Planning, and provides targeted financial assistance to eligible small to medium-sized enterprises (SMEs) operating in the defence and aerospace sectors, and those with a focus on the space industry.
Regional businesses are particularly encouraged to apply.
The DAID Fund supports fulfilment of a key objective of Advancing Queensland’s Priorities, which is to create jobs in a strong economy, and aligns with the department’s strategic direction by:
- Enabling Queensland SMEs to develop their capabilities and compete for defence, aerospace and space industry contracts;
- Increasing Queensland SMEs’ exposure and access to defence, aerospace and space industry supply chains; and
- Facilitating the adoption of contemporary ‘lean’ processes and acquiring internationally recognised industry certification.
Financial assistance is available to support SMEs to obtain certification of their business operations, goods or services to international industry-specific requirements in accordance with the guidelines.
Grants from $5,000 to $30,000 (excluding GST) in matched funding will be awarded to approved applicants.
More information is available here. Applications are now open for funding to support international and industry certification, this round will close at 5 pm on Friday, 19 February 2021.
