| Category: | Grants and subsidies | National: | 39 |
|---|---|---|---|
| Regional: | 57 | Amounts: | $1,500 - $500,000 |
For example, the COMET Grant Program provides grants to start-up Australian businesses who are interested in commercialising a new product or technology in Australian and international markets.
Geoff Maloney, a Victorian inventor, developed his concept for a revolutionary knee-brace with help from COMET. The program funded the development and allowed Geoff to attract investment from Fox Motorsports, the leading global name in motorcross equipment.
The federal and state governments also recognize that some regions and business sectors need more economic development support than others. Businesses across the country are eligible for some of the billions of dollars in funding allotted for this development.
Small businesses accessing grant programs enjoy a bonus benefit: once you've successfully received funding, you're more likely to get additional grants from the same agency because you meet their program requirements.
Australian recipients discuss their success and give funding tips.
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