Small Business Grants: Important programs you should apply for right now

Are you wondering if there are grants available to start a business or to provide assistance if your business has been interrupted by COVID-19 but aren’t sure where to look?

The Australian government invests billions of dollars each year towards developing our non-profit and business sectors. Knowing when funding will be given is important, as is completing your applications as quickly as possible afterwards.

The Small Business Development Corporation (SBDC) has created an overview to explain financing eligibility and availability. We have compiled a list of Grants and Programs that will assist your company in tracking grants, as well as eligibility and deadlines.

Support for small businesses to adopt digital tools

Looking for tailored advice for your small business? The Digital Solutions program works with you to adopt digital tools to save you time and money and to help grow your business.

Closes in 206 days

Who is this for?

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

What do you get?

Digital Solutions is a 7-hour package service offering 3 hours of tailored one-on-one support and group workshops or webinars.

Funding to help Australian businesses join space industry supply chains.

The Australian Moon to Mars Supply Chain Capability Improvement Grants provides Australian businesses with grant funds to build the capacity to deliver products and services into domestic and international space industry supply chains that could support Moon to Mars activities.

Closes in 238 days

Who is this for?

Australian businesses with a demonstrated domestic and international space supply chain opportunity.

What do you get?

Grants from $250,000 up to $1 million to fund up to 75 per cent of eligible project expenditure.

Get advice and funding to take your novel idea to market

Accelerating Commercialisation is a service under the AusIndustry Entrepreneurs’ Programme that provides you with advice and funding to get your novel product, process or service to market.

Who is this for?

Businesses, start-ups and researchers who have a novel product, process or service ready to scale up and commercialise in global markets.  

What do you get?

You’ll be paired with an independent facilitator. Your facilitator will make recommendations to take your project from prototype to your first commercial sales, and they’ll help you apply for the commercialisation grant. 

Get help to improve your business and take advantage of growth opportunities

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

Who is this for?

Businesses are working within, or supporting, one of the growth sectors that want assistance to grow and enter new markets.

What do you get?

You’ll be paired with an independent facilitator. Your facilitator will assess your business then, recommend operational and growth opportunities, and give advice on applying for the Growth Grant. 

Support for priority industry sectors

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

Who is this for?

Australian Business owners and researchers within six priority sectors. 

What do you get?

Support for your business or research collaboration.

Funding for Australian Researchers to improve the use of medicines by pharmacists

MRFF 2022 Quality, Safety and Effectiveness of Medicine Use and Medicine Intervention by Pharmacists Grant Opportunity

This grant provides researchers with funding to improve medicines’ safe and effective use.

Closes on Sept 7.

Who is this for?

An eligible organisation 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.

Funding for businesses to commercialise an innovative product or service

Innovation Connect provides Canberra-based businesses with funding to help them develop and commercialise innovative products and services.

Closes on Sept 15

Who is this for?

Smaller technology Canberra-based businesses.

What do you get?

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

Funding to strengthen Aboriginal business capacity and capability

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

Closes on Sept 20

Who is this for?

Aboriginal businesses in WA.

What do you get?

Funding of up to $50,000 (excluding GST).

Funding for regional Queensland collaborations to solve significant innovation challenges

This program supports regional innovation leaders collaborating with partners to unlock Queensland’s economic potential, whether by solving a significant problem or creating an opportunity for the region.

Closes in 84 days

Who is this for?

Queensland regional organisations.

What do you get?

Matched funding of up to $200,000.

Offset your R&D costs to help innovate and grow your business

The Research and Development Tax Incentive (R&DTI) offers a tax offset for companies conducting eligible R&D activities. It encourages investment in R&D to help your company to grow and innovate, which generates benefits for the Australian economy.

Who is this for?

Eligible companies are conducting eligible R&D activities.

What do you get?

Tax offset for eligible R&D activities.

Link to Grants finder

Source: SBDC

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