About the fund
The Innovation Fund 2021 offers grants of up to $150,000 for eligible CRICOS and ELICOS providers most affected by COVID-19 border closures to pivot their business models and grow offshore and online education delivery.
The application process is currently open and closes on 30 June 2021 with grant payments made from as early as 23 July 2021.
Eligibility and Selection Criteria
Demonstrate the effect of border closures on their business turnover by providing evidence on revenue and international student revenue.
Be a CRICOS-registered private higher education or private ELICOS provider.
Be privately owned.
Not be a Table A, Table B or Table C provider (outlined in Higher Education Act 2003), as registered by Tertiary Education Quality and Standards Agency (TEQSA).
Agree to the sharing of any information provided to the Program Administrator in the context of this application with the department.
Agree to have international student revenue information verified with that reported to the Tuition Protection Service for calendar year 2019 and calendar year 2020.
Ability to adapt to the current environment – outline your business’ efforts to adapt to the current environment.
Benefits of the grant funding to your business – outline how the grant opportunity will assist your business to achieve long-term viability, beyond the completion of the grant.
How can ReadyTech support you?
As the 2021 NEAS Quality Product Award winner, let us support you to innovate your business model with our next-generation student management system, JR Plus.
Combining true cloud agility with over 20 years of education technology experience, we partner with educators who want to leap into the future.
Manage complex learning journeys both offshore and online while staying compliant using our LMS, powered by aNewSpring.
Streamline online applications and admission processes for all stakeholders to grow offshore student numbers.
Modern, configurable architecture and infrastructure built to fit wherever you are on your growth journey.
Pivot to New Markets
Unlock new opportunities by leveraging future-focused thinking, development and a technology partnership.