Seed-Start Grants Program in Australia
Deadline: Ongoing Opportunity
The Australian Government has announced the applications for Seed-Start Grants Program to provide early-stage startups with matched funding to help them commercialize an innovative product or service.
The Seed-Start program operates through the Government of South Australia’s Research and Innovation Fund (RIF) to provide financial support for early-stage, high-growth potential businesses.
Stages
There are 2 funding options, based on a business’ stage of development:
Seed grants
matched funding of between $50,000 and $100,000 (2:1, $2 government to $1 applicant)
for early-stage businesses to undertake a defined project that will overcome the initial challenges in getting their product or service in to national and international markets
project must be achievable within a 2-year timeframe, and result in a product or service that is unique or has sustainable competitive advantage.
Start grants
matched funding of between $100,001 and $500,000 (1:1, $1 government to $1 applicant)
for early-stage businesses to deliver a defined project that will accelerate the development and commercialisation of their product or service in national and international markets
designed to support businesses that are past the early-seed stage with a product or service ready (or close to being ready) for commercialisation
project must be achievable within a 3-year timeframe, and result in a product or service that is unique or has sustainable competitive advantage.
Eligibility Criteria
Eligible startups are invited to apply for funding through this competitive grant program to assist with the cost of commercialising a product or service that is unique and has a sustainable competitive advantage in national and international markets.
To be eligible, an applicant must:
be a company incorporated in Australia with an active Australian Business Number (ABN)
be a non-tax-exempt business
be registered for goods and services tax (GST)
have an annual turnover of less than $1 million for each of the 3 financial years prior to the lodgement of their application
be based or willing to be based in SA prior to commencing the project.
For more information, visit https://business.gov.au/grants-and-programs/Research-Commercialisation-and-Startup-Fund-SA