Embedded Files
What
What
Grants for businesses are financial awards provided by governments, non-profit organizations, corporations, or other entities to support specific projects, activities, or initiatives undertaken by businesses. Unlike loans, grants do not need to be repaid, making them an attractive form of funding.
Who
Who
James Castrission
When
When
As needed
Where
Where
Administration
Why
Why
Grants can support business expansion initiatives, allowing us to invest in new products, services, technologies, or markets. This can contribute to increased revenue and growth.
Types of Grants we can apply:
Types of Grants we can apply:
- Support for innovative SMEs to commercialize and grow their business
The program supports innovative small and medium enterprises undertaking commercialization and/or growth projects within the National Reconstruction Fund priority areas through advisory services and opportunities for matched grant funding. Minor changes or improvements to existing products or services are not considered innovative.
You will be connected to an Industry Growth Program Adviser who will provide tailored advice to support your commercialization and/or growth project.
Once you have received this advice, you may also be able to apply for:
Grants of $50,000 to $250,000 to support early-stage commercialization projects
Grants of $100,000 to $5 million for commercialization and growth projects.
Know more about this here.
2. Offset your R&D costs to help innovate and grow your businessÂ
2. Offset your R&D costs to help innovate and grow your businessÂ
The Research and Development Tax Incentive (R&DTI) offers a tax offset for companies conducting eligible R&D activities. It encourages investment in R&D to help your company to grow and innovate which generates benefits for the Australian economy.
As well as providing financial support, the R&DTI can be an opportunity to collaborate with registered Research Service Providers (RSPs).
Know more about this here.
3. Funding for NSW companies to commercialize products or processes
3. Funding for NSW companies to commercialize products or processes
Funding is available to help businesses progress their new products or processes along the Technology Readiness Level (TRL) scale and attract large-scale private investment.
Businesses who successfully complete projects funded under the program are permitted to reapply for additional funding to make further progress along the TRL scale.
Know more about this here.
4. Get advice and funding to take your novel idea to market
4. Get advice and funding to take your novel idea to market
Accelerating Commercialisation is a service under the AusIndustry Entrepreneurs’ Programme that provided advice and funding to get your novel product, process or service to market.
Accelerating Commercialisation has 2 key stages:
Guidance stage, which connects you with a facilitator
Grant stage, to fund your commercialisation project.
Know more about this here.
5. MVP Ventures
5. MVP Ventures
The MVP Ventures Program supports startups and innovative SMEs in the product lifecycle between early-stage research and mature investment opportunities, through grants to drive the commercialisation of highly innovative and new products or processes.
Know more about this here.
Last Update Date: 31/01/24
Updated By:Â Cara
Page updated
Report abuse