Establishing a business anywhere in Australia demands a good capital. This is because of the competitive nature of the business environment prevalent in the continent. To help business men and women, the Australian business grants are made available every year.
The Australian government offers lots of cash in form of grants to business people who are ready to establish business empires or take their existing businesses to greater heights.
Newest grants updated here:
16/07/2020
From today, Australian start-ups and SMEs could access up to $12 million in grants when they apply for the Business Research Innovation Initiative (BRII), an Australian Government seed funding initiative.
With COVID-19 battering businesses, a grant could make all the difference for SMEs – giving them the time and money to work on feasibility and prototyping; collaborate closely with government to find a solution; have a product they can commercialise; and help the environment.
Under the program, grants will be available to Australian SMEs to help solve five of Australia’s most pressing environmental challenges. Surveillance, AI and defence SMEs are among those sectors being encouraged to consider applying.
Govt Funding and Business grants IN Australia
There are several kinds of Australian business grants available. To have access to any of them, you need to take time to fish them out. Not every business man or woman is eligible for the grants. There are certain conditions that will determine your eligibility when you want to apply for the grants. You have to make proper inquiries before you can apply for them.
The Australian business grants are meant to assist entrepreneurs who need cash to run their small and medium sized business. The grants help in renovating a business. They also help in the purchase of vital business equipments, fund advertising, training funds and other needs.
They can as well be very vital for business expansion. If you’re eligible for the grants, you’re free to apply for them. If your application scales through, you’re likely to have access to the business grants.
Minority business owners face challenges when starting or expanding a small business, including access to affordable small-business loans. Business grants and financial assistance can help bridge the funding gap.
Applying for a Business Grant or funding
Knowing how and where to apply for the business grants is very vital. There are several online agencies that help business people to gain access to the business grants.
In most cases, the Australian government works through reliable agencies when it comes to giving out the business grants. You need to locate the government approved agency that can help you have access to the grants. While some of the agencies charge a little fee to assist you, others may require extra payment when you get the grants.
When looking for an agency to help you have access to the business grants, you need to consider the experience of the firm. You also need to consider the charges involved. You need an agency that has no hidden charges.
You also need an agency that can protect your interest. Many of such agencies are available online. You can always have access to the business grants when you use the services of the reliable agencies.
Indeed, the Australian business grants have a lot to offer to the business empire. The grants are available in most of the cities making up the continent. The Australian government has always wanted to keep the economy moving. Hence, the business grants are given out yearly to assist business men and women in taking their business to greater heights. This in turn makes the Australian economy stronger. The nations’ GDP also increases in leap and bounds when businesses are soaring high.
The Federal Government offers a number of sub-programs to help your business grow.
The Accelerating Commercialisation Program helps businesses with high growth potential.
This grant aims to:
- Accelerate the marketing of innovative new businesses in the form of processes, services and new products.
- Generate greater economic and commercial returns.
- Create new businesses based on novel intellectual property with high growth potential.
Startups have created 1.44 million jobs in our economy between 2006 and 2011.Here are some of the best small-business grants and other useful financing resources for small start ups or small businesses.
Technology Grants
Technology has always been a potent agent of business change. But the pace at which innovation is recasting entire industries has never been faster or the impact so overwhelming.
Small Business Grants
https://www.business.gov.au/assistance
business.gov.au is an online government resource for the Australian business community. business.gov.au offers you simple and convenient access to all of the government information, assistance, forms and services you need. It’s a whole-of-government service providing essential information on planning, starting and growing your business.
Startups and entrepreneurs | National Innovation and Science Agenda
https://www.innovation.gov.au/
The National Innovation and Science Agenda is helping innovators to get funding to back their ideas and have a go. View National Innovation Map for information on the location of innovation activities and business creation across Australia over time.
Small Business Digital Grants Program
https://www.business.qld.gov.au/
The Small Business Digital Grants Program provides small businesses with access to digital technologies and services to enable them to work smarter, engage with the global economy and make the most of online business opportunities arising from digital disruption.
Victoria – Supporting Aboriginal Businesses
http://www.business.vic.gov.au/setting-up-a-business/
Find out about the Indigenous Economic Development Unit (IEDU) and its commitment to improving Indigenous economic participation.
Melbourne – Small Business Grants
The City of Melbourne offers a range of annual grants and sponsorship opportunities to support the Melbourne community. The grant has funded over 320 businesses with over $7 million in grants since 1996.
Find out your eligibility and the application processes here.
Agriculture -Assistance, grants and tenders
The Australian Government and the Department of Agriculture and Water Resources provides grants and financial assistance programmes to Australian businesses and individuals to help boost productivity and exports.
Funding and grants for business – sa.gov.au
The Small Business Development Fund helps small businesses in northern Adelaide to grow and create sustainable jobs.
Innovation for start-ups
Innovation for start-ups is funded by the state government and delivered through the private company Innovyz.
Through Regions SA, the Department of Primary Industries and Regions SA (PIRSA) manages several ongoing programs to assist regional South Australian businesses and communities.
Many grants and assistance relevant to your business are listed in the state government’s search tool, GRANTassist.
GRANTassist lists both state and federal government grants and programs.
Other useful websites for start ups
Visit border.gov.au to find out more about employing and sponsoring overseas workers.
