Top five government grants for startups


The government support offered to startups across Australia is the envy of many entrepreneurs around the world, but these grants can be a tough nut to crack.

The lengthy applications, process times and chance of rejection are enough to put most off, but for those who win it can be a game changer for their venture.

Here are five grants for the startup sector that may be well worth your time.

1. Entrepreneurs’ Programme

The Entrepreneurs’ Programme, replaced Commercialisation Australia and the Innovation and Investment Fund in 2014, aims to help businesses increase productivity and competitiveness with funding and access to a national network of private sector advisers and facilitators.

The programme offers entrepreneurs grants through the Accelerating Commercialisation fund and Business Growth Grants.

Accelerating Commercialisation Grants offer ventures up to 50% of expenditure on a project, which is capped at $250,000 for commercialisation offices and eligible partner entities, and $1 million for other applicants.

Entrepreneurs can also apply to get free expert advice on their ventures to address knowledge gaps and accelerate growth via Innovation Connections.

Additionally, the Entrepreneurs’ Programme offers funding support for incubators helping startups enter global markets.

New and existing incubators can apply for grants equalling 50% of the project value capped at $500,000, and entrepreneur or expert-in-residence projects can gain up to $25,000.

Applications are ongoing. To apply now, click here.

2. Research and Development Tax Incentive

The R&D tax incentive aims to help all businesses stay ahead of the curve through a tax offset that encourages innovation in even the smallest ventures.

From July 1 2016, companies with an annual turnover under $20 million can claim a 43.5% refundable tax offset against R&D expenditure that amounts to $100 million or less.

All other eligible companies can claim a 38.5% non-refundable tax offset.
Non-refundable offset amounts that go unused can be carried on to future income years.

For R&D expenditure under $20,000, companies can only make a claim if it was undertaken with a research service provider or co-operative research centre.

Applications are ongoing but companies must register for R&D activities within 10 months of their income year first.

To apply now click here.

3. Venture Capital Limited Partnerships (VCLP)

The VCLP programme aims to draw in foreign investors to Australia and boost the local VC market with tax benefits.

To be eligible, funds must register as a VCLP under the Venture Capital Act 2002 and make high risk investments that hold for at least 12 months.

The investments must be in ventures where total assets are valued under $250 million, 50% of assets are located in Australia and 50% of employees are also located here.

Tax benefits for VCLPs include flow-through taxation treatment, exemption from capital gains tax on their share of profits made by the partnership and the ability to claim carried interest on the capital account instead of revenue.

Fund managers are encouraged to get professional tax advice before registering.

To apply now click here.

4. Austrade Landing Pad

This initiative aims to give Australian startups a leg-up in the global market by immersing them in one of five world-class innovation hubs.

Startups accepted into Landing Pads in Singapore, Berlin, Shanghai, Tel Aviv or San Francisco benefit from on-the-ground presence in these markets plus access to their networks, talent, mentors and investors.

To be eligible, startups must demonstrate strong vision, scalability, traction and differentiation, and explain how 90 days in a Landing Pad could help their venture.

Austrade provides workspace in an accelerator and free services but participants must fund their own travel, accommodation, living costs, visas and insurance.
Austrade does providing funding for global startups in Australia through the Export Market Development Grant.

To apply now click here.

5. Export Market Development Grant (EMDG)

The EMDG has been set up for aspiring and current exporters across a wide range of industries and products to help drive new outbound markets from Australia and encourage inbound tourism.

For businesses that have spent $15,000 or more on export promotion, they can be reimbursed up to 50% of costs exceeding $5000.

To be eligible, businesses must have promoted either the export of goods and services, inbound tourism, export of IP and “know-how” or Australian events and conferences.

Eligible businesses will have an income under $50 million in the grant year.

Applications lodged by approved consultants are open till midnight, 28 February 2017 and self-lodged applications close on 30 November 2016.

To apply now click here.

Have you seen any other exciting government grants or support programs for our startup community? Tell us in the comments.

Dinushi Dias is a journalist at StartupSmart and multimedia content producer. When she’s out of the office, she works on social projects with her We Love It Productions family and buddying filmmakers.
  • peter

    im opening a small engine repair and servicing buisnees need some capital to get some tools etc

  • John

    I work for EP. Most of these programmes are not suited for startups. Why do we keep selling false hope?

  • Judy Pridmore

    Agree with John. I’m working on a start up and need funding to get me to the point I can pitch to VC’s etc. Where do I find that? I also contacted one of the Innovation connections people and they didn’t get back to me. Interesting I had business aid centre ask for $250 joining fee for sending me a directory of the grants available. Any help appreciated please.

  • Edna

    Hello Applicant:

    i am Mr Leonard Shepard, i am a legitimate loan lender, who gives out loan with a very low interest rate of 3% which is negotiable. I give out all kind of loan like Educational loan, Business loan, home loan, Agricultural loan, Personal loan, auto loan E.T.C. I also give out loans from the rang of 2,000 – 20,000,000.00 at a reduced 3% interest rate. Duration of 1 – 30 years depending on the amount you need as loan. Get back for more information via: ([email protected])

    I await your response.

    Remain Blessed.

    Mr. Leonard Shepard

    • Shane

      So where are you based and what sort of collateral and income are you looking for when you lend money

  • Edna

    Hello everyone, i am one of the Agents sent by the Lord superior (Grand master) to bring as many of those who are interested in becoming a member of the great unity brotherhood, i do business, i owned a Construction company, and i also owned one of the Biggest Electronic Appliance shop, i was once poor, me & my wife were financially down to eat one square meal in a day was a problem, what kind of life was that to live, i lived in poverty until i saw an opportunity to be a member of the GREAT UNITY BROTHERHOOD and i took my chances and i have been a member for close to 10 years now. The higher you go the richer you become in unity brotherhood, it makes your business grow faster than you can ever imagine, unity brotherhood brings out the talent in you and make you famous, as you become a member of unity brotherhood there are many more other benefits you stand to gain, so if you are interested to be a member kindly contact our EMAIL ([email protected]) or call +2348083221034 JOIN US TODAY & BECOME RICH, POWERFUL AND FAMOUS IN ALL YOUR LIFE..

  • Charles ty


    Ramsay Hill Finance Plc offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment. Our expertise and international standards assure our clients quality service and delivery, Our principal service is the provision of international project finance to companies, businesses and organizations for significant land development projects in the leisure, tourism, entertainment and construction industries, we also offer individual loan,private loan, debt repayment loan;

    Ramsay Hill Finance Plc Loans Overview:

    Loans currently range from $5,000.00 to $4.5 Million; maximum maturity is 18 months; for larger loan sizes, please visit the SME section*

    No audited financial statements required*

    Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.) Flexible documentation requirements*

    Long-standing clients with impeccable repayment record qualify for successive interest rate discounts and even faster loan processing* Kindly note that all applications undergo an on-site assessment by one of our agent prior to a committee decision.

    Ramsay Hill Finance Plc Contact Info:

    Contact Email:

    Thanks for your time, wish you the best…

    Yours sincerely,
    Chris Young
    Publicity Officer
    Ramsay Hill Finance Plc

  • Thaddeus

    Hello Everyone, I am by name THADDEUS, from New York, United States.
    i was in need of monetary aid due to financial problem and this made me
    search for things about accredited online loan lenders so i found
    some few great testimonies and facts about this, MARIA HARRY LOAN FIRM, which threw more light on how this MARIA HARRY LOAN FIRM, has been of great assistance to others for so many people
    who were once in dire need of financial assistance . It still baffles me
    that i got scammed of $ 2000 Dollars by an online loan lender after all the
    promises for him to give me a loan and this had me to pay more and more just
    to receive that loan funds, and this was why i have become even more careful
    this time in getting this my personal loan as i needed to continue my schooling
    at all cost by getting a loan from any genuine and accredited online lender
    because my dad was very ill and my mum was financially down due to my dad medical
    expenses and due to the educational expenses of my siblings, i decided to apply
    with this loan agency of a loan amount of $50,000.00 Dollars because i was in
    desperate need of a loan to take care of my family and further my education but with God on my side and by his grace i got this loan
    funds swiftly and immediately after 48 hours when my loan application was approved,
    this is why i want to recommend this loan firm to every one on this forum who
    is also in need of any loan too just as the way i was before, kindly contact them via email address.
    ([email protected]). THANKS…