Deadline: 15-Mar-23
The Australian Government is seeking applications to provide funding to WA start-ups and small businesses to help them commercialise innovative ideas or projects, and to expand to create jobs.
Funding Information
- Matched funding of up to $40,000.
Eligible Funding
The IBG helps WA-based startups and small businesses improve their capability and commercialise their innovative ideas or projects, by undertaking in-house project work and/or collaborating with third-party service providers.
The grant assists in:
- Developing or enhancing products or services that are commercially ready, or to reach a commercial ready stage;
- Developing prototypes, processes or systems that might attract additional investment and/or customers; and/or
- Addressing a technical problem that the business cannot solve themselves, or for which the solution is not readily available.
Eligibility Criteria
- Your business is registered in Western Australia and possesses a current Australian Business Number (ABN) and/or Australian Company Number (ACN).
- You are developing an innovative project in Western Australia.
- Your business will continue to be based in Western Australia in the next three years.
- You are a WA-based startup or small business that employs between one and 25 people.
- Your business is solvent.
- Your business is willing, and has the financial capacity to contribute at least 20% of the requested project funding costs.
- Your business confirms that the IBG will not be spent on ‘business as usual’ operational expenses.
- Your business confirms that if it uses a service provider(s), it is an independent third party.
- Your business confirms that the requested eligible expenditure is for services to be provided in the future.
- You have NOT previously received or likely to receive Western Australian government funding for the same project/initiative.
- You have NOT previously received an Innovation Booster Grant (previously called Innovation Vouchers Program) for the same project/initiative.
For more information, visit Australian Government.