Important Programs You Should Apply Now

Wondering if there are grants available to start a business or provide assistance if your business has been disrupted by COVID-19, but don’t know where to look?

The Australian government invests billions of dollars each year in developing our non-profit and corporate sectors. Knowing when funding will be provided is important, as is filling out your applications as soon as possible afterward.

The Small Business Development Corporation (SBDC) has prepared an overview to explain the eligibility and availability of funding. We’ve put together a list of grants and programs that will help your business track grants, as well as eligibility and deadlines.

Looking for tailor-made advice for your small business? The Digital Solutions program works with you to use digital tools to save you time, money and grow your business.

Closes in 206 days

Who is this for?

Small businesses with fewer than 20 full-time (or equivalent) employees and sole proprietorships can access services at the subsidized rate. The service is available in all metropolitan and regional areas in Australia.

What do you get?

Digital Solutions is a 7-hour parcel service that offers 3 hours of customized one-to-one support and group workshops or webinars.

The Australian Moon to Mars Supply Chain Capability Improvement Grants provides grant funding to Australian companies to build the capacity to provide products and services to domestic and international space industry supply chains that could support Moon to Mars operations.

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Closes in 238 days

Who is this for?

Australian companies with a proven domestic and international space supply chain.

What do you get?

Grants from $250,000 to $1 million to fund up to 75 percent of eligible project expenses.

Accelerating Commercialization is a service under the AusIndustry Entrepreneurs’ Program that provides you with advice and financing to bring your new product, process or service to market.

Who is this for?

Companies, start-ups and researchers that have a new product, process or service ready to scale and commercialize in global markets.

What do you get?

You will be linked to an independent supervisor. Your supervisor will make recommendations to take your project from prototype to your first commercial sale, and they will assist you in applying for the commercialization grant.

Growth Services is a collection of services under the AusIndustry Entrepreneurs’ Program that provide you with advice and financing to grow your business and become more competitive in global markets.

Who is this for?

Companies work in, or support, any of the growth sectors that want help to grow and enter new markets.

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What do you get?

You will be linked to an independent supervisor. Your supervisor then assesses your company, advises on operational and growth opportunities and gives advice on applying for the growth subsidy.

Are you an ambitious Australian entrepreneur in one of our six priority industry sectors? An Industry Growth Center may be able to help you achieve your goals.

Who is this for?

Australian entrepreneurs and researchers within six priority sectors.

What do you get?

Support for your company or research collaboration.

MRFF 2022 Quality, safety and effectiveness of drug use and drug intervention by pharmacists provide an opportunity

This grant will provide researchers with funding to improve the safe and effective use of drugs.

Closes on September 7.

Who is this for?

An eligible organization that can support innovative medical research projects to improve health benefits for Australians.

What do you get?

Grants of up to $1.5 million under the four streams.

Innovation Connect provides financing to Canberra-based companies to help them develop and commercialize innovative products and services.

Closes on September 15

Who is this for?

Smaller tech companies in Canberra.

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What do you get?

Matched financing of between $10,000 and $30,000

The Aboriginal Business Round provides funding for Aboriginal businesses to help them gain opportunities as suppliers to major projects and markets in Australia and abroad.

Closes on September 20

Who is this for?

Aboriginal businesses in WA.

What do you get?

Financing up to $50,000 (excluding GST).

This program supports regional innovation leaders who work with partners to unlock Queensland’s economic potential, whether it’s solving an important problem or creating an opportunity for the region.

Closes in 84 days

Who is this for?

regional organizations in Queensland.

What do you get?

Matched funding of up to $200,000.

The Research and Development Tax Incentive (R&DTI) provides tax compensation for companies that perform eligible R&D activities. It encourages investment in R&D to help your business grow and innovate, benefiting the Australian economy.

Who is this for?

Eligible companies carry out Eligible R&D activities.

What do you get?

Tax settlement for eligible R&D activities.

Link to Grant Finder

Source: SBDC

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