Funding is often one of the most difficult challenges for entrepreneurs to launch and develop their ideas. The recently announced Research, Commercialisation and Startup Fund by the South Australian State Government has been developed to help address this challenge.
The intention of the fund is to introduce significant new technologies, capacities, capabilities, expertise and additional employment to South Australia. Grant funding is available in three streams:
Stream 2, the only currently open stream, offers funding to entrepreneurially minded businesses to establish or scale-up eligible business initiatives with grant funding between $20K - $1M on a dollar matching basis. The managing body, Department for Industry and Skills, is inviting potential applicants to discuss their proposal with them prior to submitting an expression of interest or application.
Nexia Edwards Marshall can provide advice on identifying and assessing the eligibly of available grants, including this one, and assist with the application process.
If you would like to know more about the Fund and the grants available or need any assistance with applying, please contact Stewart Watts or your Nexia Edwards Marshall Adviser.
The material contained in this publication is for general information purposes only and does not constitute professional advice or recommendation from Nexia Edwards Marshall. Regarding any situation or circumstance, specific professional advice should be sought on any particular matter by contacting your Nexia Edwards Marshall Adviser.