South Australia Innovation and Investment Fund
A third round of the South Australian Innovation & Investment Fund (SAIIF) is currently open . The purpose of the SAIIF Industry Development Program is to support investment aimed at creating sustainable new jobs in South Australia, with a 
focus on the southern suburbs of Adelaide. Eligible investment will create new or additional business capacity designed to enhance sustainable employment, business and economic opportunities with a focus on innovative manufacturing and/or technology projects.
The SAIIF Industry Development Program is a $30 million government grant program for innovative job creation projects to strengthen South Australia’s manufacturing and technology base, with a focus on the southern suburbs of Adelaide. It will be jointly administered by the Australian and South Australian governments.
What projects are eligible?
The following conditions apply to project eligibility:
- projects must have at least $500,000 in eligible capital costs (primarily being for plant and equipment directly applied to the production of the outputs of the investment proposal, and excluding land,
- buildings, construction and infrastructure);
- projects which involve MMAL will not receive a government grant;
- government grants will be directed at sustainable job creation in South Australia, rather than community-based projects;
- projects which involve no sustained net increase in economic activity in Australia or involve a relocation of activity to South Australia from other states and territories will not be funded;
- projects that help to diversify the South Australian manufacturing and economic base will be favoured;
- projects which demonstrate the introduction of new innovations or technology (rather than research and scoping studies) will be favoured;
- infrastructure projects will not be considered; and
- government grants will not be provided for retrospective activities (i.e. project expenditure prior to the finalisation of the funding agreement will not be funded).
Who can apply?
Eligible applicants for the government grant are those firms/commercial enterprises:
- which are legal entities, i.e. with whom the Australian government and the South Australian government can enter into legally binding funding agreements; and
- which can demonstrate the commitment of funding, exclusive of in-kind contributions, to the investment proposal which is free of other government grants and which at least matches the funding which is being sought from the program.
Applications closing on 10 September 2010
Previous Recipients
A list of previous government grant recipients is detailed below:
Round 2
| Grantee | Grant Amount$ | Project |
| Astec paints | $372,500 | Install new high technology manufacturing equipment and measuring systems. |
| Boart Longyear Australia Pty Ltd | $2,000,000 | Development of an integrated R&D engineering, test and manufacturing facility for a new range of drill rigs and depot level service facility for existing drill rigs. |
| Central Diesel Pty Ltd | $500,000 | Establishment of a modern construction and assembly facility capable of manufacturing a range of varying capacity and application generator sets in large volumes. |
| Digislide Holdings Ltd | $1,200,000 | Establishment of a technology innovation and training precinct for a number of industry sectors. |
| J&H Williams Holdings Pty Ltd ta Williams Laser Cutting & Fabrication | $600,000 | Expansion of current fabrication facility to increase its manufacturing capacity to complete large scale engineering projects. |
| Long Distance Technologies | $275,000 | Expansion of a radio and telecommunications components manufacturing facility. |
| Manuele Engineers Pty Ltd | $500,000 | Construction of new fabrication facility to assist the company’s move into new sectors. |
| Maxiplas Pty Ltd | $2,210,000 | Creation an advanced injection moulding facility |
| Modra Hayes Pty Ltd | $1,250,000 | Construction of a mass production facility for manufacture of modular housing units. |
| The Weeks Group Pty Ltd | $600,000 | Expansion of building materials facility. |
| vivoPharm Pty Ltd | $250,000 | Upgrade and expansion of the histopathology laboratory, upgrade of Computer Integrated System in the in vivo Pharmacology Department and upgrade the animal housing and surgical facility. |
| Total | $9,757,500 |
Round 1
| Grantee | Grant Amount$ | Project |
| Australian Advanced Manufacturing Centre, Melrose Park | $1,500,000 | Provide an integrated design and construction for production of manufacturing machinery. |
| Australian Southern Exporters, Port Lincoln | $499,250 | Development of a commercially viable sardine value-adding business |
| Broens Industries, Elizabeth South | $2,500,000 | Establishment of an aerospace and defence component machining facility |
| Ferrocut Australia Regency Park |
$2,250,000 | Establishment a state of the art plate profile cutting centre |
| Intex Holdings Seaford/Tonsley Park |
$1,000,000 | World-leading “bolt on” turbine technology designed to dramatically reduce fuel consumption and greenhouse gas emissions in new and existing car and truck fleets. |
| Levett Engineering Elizabeth South |
$2,250,000 | Expansion to position the company as a long-term production supplier to the international aerospace and defence sector. |
| Samaras Group Gillman |
$1,000,000 | Improve domestic capacity and be in a position to undertake custom beam manufacturing work. |
| The Pipette Company
Thebarton |
$366,470 | Expand the company’s clean room capability and equip it with specialised equipment required for manufacturing micro pipettes. |
| Total | $11,365,720 |
On August 5th, 2010,