Grants and Subsidies (One-Time & Renewable)

ProgramSnapshot

Category:Grants and subsidiesNational:39
Regional:57Amounts:$1,500 - $500,000

When you receive this money, you don't have to pay it back. It's yours to use under the terms of the grant. The federal and state governments know that it's tough for small businesses like yours to bring new products to market, make your company more efficient, or hire employees. So they provide billions of dollars a year to aid Australian product innovation and grow small businesses.

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.


Find out if you qualify for Grants and Subsidies (One-Time & Renewable)

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