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Tehla Bower - Grants and Opportunities for Illawarra ICT Firms
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Tehla Bower - Grants and Opportunities for Illawarra ICT Firms

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  • 1. Grants & Funding opportunities for Illawarra ICT firms Tehla Bower Director The Grants & Funding Institute
  • 2. The Grants & Funding Institute
  • 3. Grants at a glance
  • 4. Federal Government
    • Commercialising Emerging Technologies (COMET)
      • Early growth, spin-off companies and individuals
      • Improving potential for successful commercialisation
      • Funding range $5k - $120k over 2 years. Funding until 2011
    • R&D Tax Concession ( to be replaced by R&D Tax Credit in 2010/11 )
      • For Australian incorporated companies undertaking R&D, starting at a base concession of 125% for R&D expenditure
    • Early Stage Venture Capital Limited Partnerships
      • Available to eligible Australian businesses seeking to fund growth (total assets must not exceed $50mill)
    • Enterprise Connect
      • Business reviews at no cost & grant assistance to help implement strategies – for service providers to manufacturing industry with turnover btw $1.5 - $100mill
      • Also Enterprise Connect Technology Partnerships -
      • registration process
  • 5. Federal Government (cont’)
    • Tradex
      • Financial relief to import/export businesses
      • Upfront exemption from customs duty and GST
    • Export Market Development Grants (EMDG)
      • Financial assistance for aspiring and current exporters
      • Reimburses up to 50% of eligible export promotion expenses above a $10k threshold
      • Suitable for ICT firms promoting goods, services, IP or know-how
      • Under $50mill turnover; Up to $200k/grant for 8 years
    • Commercialisation Australia (NEW)
      • Will assist researchers, individuals & innovative firms to convert ideas into successful commercial ventures
      • Opens early 2010; from $50k - $200k
  • 6. State Government
    • Illawarra Advantage Fund
      • Establishment or expansion in Illawarra region
    • Australian Technology Showcase
      • National networking program – promoting & developing export markets
    • Apps4nsw
      • Ideas & development competition worth $100k
      • Innovative use of NSW information; websites, web services, mobile devices, other designs; closes 5/2/2010
    • Capital Raising Program
      • Eg regional business looking to commercialise products, concepts, services
    • Trade Promotion Program
      • For export-ready firms; covers cost of business matching, booking exhibition space & networking events
    • New Market Expansion Program
      • $ for $ to offset engaging external support in pursuit of growth into new markets
  • 7. Other – venture capital
    • Australian Business Angels
      • Matching entrepreneurs and ‘angel’ investors
      • www.australianinvestmentnetwork.com
    • Australian Venture Capital Association Limited
  • 8. For more information: Ph: (02) 4221 1366 M: 0412 738 752 www.thegfi.com.au