Grants Small business

Small business research and innovation grants up for grabs

29 March 2019


Member for Euroa and Deputy Leader of The Nationals Steph Ryan is encouraging small and medium businesses to seek funding to develop their innovative solutions for government policy and service delivery challenges.

“There are many innovative progressive businesses in the Euroa electorate that I would encourage to look at this grant,” Ms Ryan said.

“Businesses in rural and regional Australia deal with challenges related to government policy and service delivery. They often work around these, but this grant program opens up a chance to formulate real solutions.”

The Business Research and Innovation Initiative program offers a total grant pool of $12 million to help small and medium businesses develop solutions to the following challenges:

Businesses must select one of the five challenges, then apply to conduct a feasibility study.  The maximum grant amount for feasibility studies is $100,000 with a maximum grant period of three months.

Those grantees that successfully complete the feasibility study will be able to apply for the proof of concept stage.

The maximum grant for the proof of concept stage is $1 million with a maximum grant period of 18 months.

The program is open until 17 April 2019 and is available through the Federal Government’s Department of Industry, Innovation and Science.

Visit www.business.gov.au for more information.

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