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

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