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International collaboration project strengthening engagement between Australia and the Republic of Korea

IRGP – Australia‑Korea Foundation (AKF)

  • Grant funding available: $50,000 to $150,000 per year
  • Total funding pool: $850,000
  • Funding basis: Competitive
  • Co‑contribution: Required (cash and or in‑kind)
  • Grant period: One year or multi‑year projects (up to three years)
  • Closing date: 13 May 2026

The IRGP – Australia‑Korea Foundation (AKF) grant supports projects that strengthen engagement between Australia and the Republic of Korea. Funding supports initiatives that build collaboration, exchange and long‑term people‑to‑people links across priority bilateral areas.

Key Requirements

  • Projects must align with Australia‑Korea Foundation objectives and priority areas
  • A co‑contribution is required and must be clearly demonstrated
  • Projects must commence after the grant agreement is executed
  • Activities must be delivered in approved locations and timeframes

 

What is eligible for funding?

Eligible activities include:

  • Innovation, research and knowledge‑exchange projects
  • Marketing and engagement initiatives that strengthen Australia‑Korea relations
  • Activities aligned to cultural, economic, educational or strategic cooperation priorities

Funding cannot be used for:

  • Activities that are primarily commercial in nature
  • Costs incurred prior to grant approval
  • Activities that fall outside the Australia‑Korea Foundation guidelines

What companies are eligible for funding?

Eligible applicants include:

  • Individuals
  • Australian organisations with an ABN or ACN
  • Korean organisations
  • Community, business, academic and government‑related entities

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

  • Industry analysis presentation
  • Competitor Analysis Presentation
  • Marketing and Sales Analysis Presentation
  • 3-5 year Cashflow Forecast
  • 3-5 year Balance Sheet Forecast
  • Cost-Benefit Analysis of Grant Funding
  • End-to-end grant application including information collating, analysis and application writing
  • CAPEX (Capital Expenditure) cost-benefit analysis
  • Stakeholder relations and Risk Mitigation Plans
  • Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.