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Need $$$ to develop or grow your business? Five funding sources…

Are you looking for money to help develop or grow your new business idea?  Top five funding sources for innovators:

  • R&D Tax Incentiveyou are eligible if your company is incorporated in Australia, has an ABN and you have conducted eligible R&D activities with notional deductions (R&D expenditure) of at least $20K.
  • Entrepreneurs’ Programme
    • Accelerating Commercialisation Grant – to $1 million for eligible projects.
    • Business management – to $20K to implement business capability improvements.
    • Innovation connections – to $50K for implementation of a business innovation project
  •  Crowd funding – various platforms to raise funds for product development etc. Pozible, Venturecrowd, etc.

Need help with more lateral ways to fund your new idea or growth?  Contact INNOVIC.  Tel: (03) 8060 3504.


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