{"id":45001,"date":"2023-10-20T15:40:18","date_gmt":"2023-10-20T15:40:18","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/commercialisation-australia-quarterly-snapshot-reveals-178-1-million-going-to-430-companies-startupsmart\/"},"modified":"2023-10-20T15:40:18","modified_gmt":"2023-10-20T15:40:18","slug":"commercialisation-australia-quarterly-snapshot-reveals-178-1-million-going-to-430-companies-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/commercialisation-australia-quarterly-snapshot-reveals-178-1-million-going-to-430-companies-startupsmart\/","title":{"rendered":"Commercialisation Australia quarterly snapshot reveals $178.1 million going to 430 companies – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

The latest edition of Commercialisation Australia\u2019s Value Proposition<\/i> publication has revealed where government funds are going to support start-ups at the commercialisation stage.<\/p>\n

 <\/p>\n

New South Wales received the most funding, with $56.8 million going to 110 companies. Queensland has the most businesses and researchers funded, with $36.1 million going to 114 companies.<\/p>\n

 <\/p>\n

Businesses focused on health and medical ($44 million), business and communication ($29 million), and energy, mining and resources ($26.1 million) are receiving the majority of the $178.1 million in funding.<\/p>\n

 <\/p>\n

The leading industry achieving funding in South Australia ($5.4 million), Victoria ($11.7 million) and New South Wales ($16.1 million) was health and medical.<\/p>\n

 <\/p>\n

Mining, energy and resources was the leader of industry investment in Western Australia, at $10 million. Only two companies in the Northern Territory received funding, totalling $650,000.<\/p>\n

 <\/p>\n

The defence and security industry received the most investment in the Australian Capital Territory with $2.4 million, and food and agriculture in Tasmania at $887,000.<\/p>\n

 <\/p>\n

Of the 430 businesses or researchers receiving funding, 18% are in regional Australia.<\/p>\n

 <\/p>\n

Doron Ben-Meir, chief executive of Commercialisation Australia, wrote it was hardly surprising regional small and medium-sized business had more negative views about the economy than metropolitan ones, according to recent findings of the Australian Bureau of Statistics.<\/p>\n

 <\/p>\n

\u201cAspiring entrepreneurs in the vastness of regional Australia confront many challenges not faced by their city contemporaries, from a lack of readily available to expert advice to a plethora of communication and transport issues,\u201d he wrote.<\/p>\n

\u201cYet the regions have a critical role to play in keeping the economy vibrant, with primary industries alone making up close to two-thirds of Australia\u2019s exports.\u201d<\/p>\n

 <\/p>\n

David Mac Smith, a Commercialisation Australia case manager, described access to capital as especially hard.<\/p>\n

 <\/p>\n

\u201cMoney is always an issue, because access to funding is significantly worse than in the cities,\u201d Smith says in the magazine.<\/p>\n

 <\/p>\n

\u201cOne of the consequences of this undercapitalisation is that businesses grow at a slower rate.\u201d<\/p>\n

 <\/p>\n

The full report and previous issues can be downloaded here.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest edition of Commercialisation Australia\u2019s Value Proposition publication has revealed where government funds are going to support start-ups at<\/p>\n","protected":false},"author":1,"featured_media":58965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,19,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/45001"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=45001"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/45001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58965"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=45001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=45001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=45001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}