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5 Best Australian Startup Grants

 

So you have a great idea for an app startup…

 

But you don’t have the investment dollars upfront. What’s next?

 

Well I have some good news for you, the Australian Government wants to help you!

Malcolm Turnbull Approves

Image Source: businessinsider.com.au

Cover Image Source: asc.asn.au

A government grant can help you take your business to the next level or even launch it from the ground up. Even if you have the funding, grants help make it possible to launch your business to market faster and with better results.

 

These are the best of the best startup grants I recommend. The grant websites can be a bit confusing sometimes but don’t worry I’ve cut it down to a quick and easy shortlist.

 

I’ve broken it up into 4 things you’ll need to know if you want to apply:

  • What they do – What does this company do?
  • Who’s it for – Are you eligible for this grant?
  • What you can get – Is it a tax refund, a cash payment or some other kind of support?

 

And saving the best till last,

 

  • Where and when you can apply.

 

So don’t waste your time reading grants that aren’t relevant to your business. I’ve picked my top five startup grants to get you on the right track to government funding.

 

Which startup grants are you eligible for?

 

 

“The Research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia.”

Image Source: shinkamanagement.com

What do they do?

The R&D tax incentive does pretty much what the name suggests. This tax incentive was started to get businesses to undertake R&D.  It gives companies a refundable tax offset of 43.5%. Which can be paid as a deduction of your tax bill, or as a cash refund by the end of the financial year. However, only if your company income is over $20,000 and under $20 million.

 

What’s great about this incentive is that it can be used to get cash back on wages spent used for R&D.

 

Who’s this grant for?

  • Companies that spend over $20,000 and under $20,000,000.
  • Companies that are attempting to solve industry-wide problems.
  • Running activities with new technology.
  • Or the intention to generate new knowledge.

 

What can you receive?

 

  • 43.5% of eligible expenses cash back at the end of the year.

 

 

Where/when can I apply?

Applications are done online. But must be done 10 months in advance. I’d get on that ASAP.

 

Related: Is your app not clicking with its audience? Try this design method!

 

“Supporting small business to take the next step.”

 

City ofMelbourne

Image Source: starobserver.com.au

What do they do?

The City of Melbourne is offering up to $30,000 to Melbourne businesses that are having a positive impact on Melbourne city. They have helped fund over 320 businesses, with over $7 Million since 1996.

 

What’s interesting about this grant is the way companies are chosen. Part of the application includes how your business affects Melbourne. So, the more you positively impact Melbourne, the better your chances.

 

Who’s this grant for?

  • Startups and Businesses (Under 20 staff) looking to grow
  • Businesses who are looking to export overseas
  • Support Service Businesses
  • Micro Businesses (Up to 4 staff)

 

What can you receive?

  • If you’re a startup or looking to grow, you can receive up to $30,000 dollars.
  • Are you looking to export, you can receive up to $10,000.
  • Or you’re a business looking to help other businesses, you can receive up to $10,000.
  • If you’re a micro business wanting to grow, you can receive up to $25,000.

 

Where/when can I apply?

The next round of applications open July 2018, visit: melbourne.vic.gov.au for more information!

 

Related: Need a business plan to help your chances of getting funding for your startup? Read our blog, with recommendations on the best way to do so!

 

“Landing Pads help market-ready startups and scale-ups take their business global.”

San Francisco Landing Pad

Image Source: blog.geomoby.com

What do they do?

Landing Pads provide startups with co-working places to work. As well as introduce these business owners to investors, networks and partnership opportunities.

 

What’s interesting about this grant is that they provide Australian startups with the potential to expand and work overseas. Landing Pads have been established in San Francisco, Tel Aviv, Shanghai, Berlin and Singapore.   

 

Who’s this grant for?

  • This grant is for businesses they believe could go global.
  • Companies that are different to their competitors.
  • Companies that the 90 days in a Landing Pad will make a difference.

 

What can you receive?

 

  • 90 days in a co-working space overseas.

 

  • Support from Austrade.
  • Training, coaching and networking opportunities.

 

Where/when can I apply?

Applications are ongoing and done online at: australiaunlimited.com/Landing-Pads.

 

Related: Have you heard about The Internet of Things? Read up on our blog, here.

 

 

“The Export Market Development Grants (EMDG) scheme is a key Australian Government program for small to medium aspiring and growing export-ready businesses.“

Exporting

Image Source: raconteur.net

What do they do?

EMDG offer grants to help you cover costs of running a business. As well as the activities that help get your company export ready.

 

What’s interesting about this is they offer to cover the costs of promotional and marketing material. Your company can claim marketing consultants costs, overseas trade shows and free samples. Really anything that gets your brand internationally.

 

Who’s this grant for?

  • Australian businesses that earn less than 50 million per year.
  • Promoted their goods for export.
  • Promoted their goods for delivery internationally.
  • Spent at least $15,000 on promotional activities.

 

What can you receive?

  • A lot.
  • A whole lot.
  • Grants of 50% of your spending.
  • Up to $150,000 dollars per grant.
  • And you can have up to 8 grants a year.
  • Yeah, a lot.

 

Where/when I can apply?

You’ve got a month to apply, as applications close 30th of November 2017. Apply at: austrade.gov.au.

 

However, if you can’t get it done by then. Getting an EMDG consultant will allow you to apply until 28th of February 2018.

 

Related: Got a startup company? Here are 9 tips from us to help you!

 

 

The Entrepreneurs’ Programme is a program which helps small and medium businesses to innovate and grow.“

Entrepreneur

Image Source: fortune.com

What do they do?

The Entrepreneur’s Programme is an Australian Government initiative. Created to make Australian businesses more competitive.

 

This grant offers 4 different things. This next bit has big words, sorry in advance.

 

  1. Accelerating Commercialisation grant. Which helps you release a new product to market.
  2. Business Management, advice and support from expert advisors and facilitator.
  3. Incubator Support. Which is offering grants and support to tech incubators in Australia.
  4. Lastly, Innovation Connections. They help identify the gaps in your business knowledge and fill them in. So you can improve your business.

 

What’s interesting about this grant is that if you participate in this grant, you are then eligible for another grant. A Business Growth Grant worth $20,000. It’s a two for one kind of deal!

 

Who’s this grant for?

  • For-profit Australian Startup company.
  • Or an individual, partnership or group who are willing to form a company.
  • Must have a product or service that you want to make money off.

 

What can you receive?

  • You can receive up to 50% of your business spend. Up to 1 million dollars.
  • Advisors, support and networks.
  • Eligibility to the $20,000 Business Growth Grant.
  • Up to 50% of your spend if you have a Tech Incubator. Up to $500,000 dollars worth.

 

Where/when can I apply?

Expressions of Interest are ongoing, apply now at: business.gov.au.

 

Related: Maybe you’ve been looking at starting a startup? Read our blog, here detailing the things that some startups miss!

Applying Smart for your Startup Grants

 

Don’t apply for everything. Creating these applications should take a lot of time and effort. So look for the ones that:

 

  • Will have the biggest impact on your company.
  • And your company best meets the eligibility criteria.

 

 

You should be creating a professional document. One that’s distinctive to your brand. Not just boring letter asking for money. If you need any help, this excellent article by the balance walks you through the grant proposal writing process.

 

However, if you want some personalised assistance in creating a grant application, contact me directly at: dane@launchpadapps.com.au

 

If you wish to read about more grants, visit Grants Victoria for more information!

 

And lastly get started right now! You have nothing to lose if you apply, but potentially a lot to lose if you don’t.

 

Have you applied for grants? Share your experience to help others below!

 

If you’re still only thinking about creating your tech startup, it might be time to take the next step. Contact us at Launchpad, we specialise in getting you investor ready!