The $23 million Incubator Support initiative is an element of the Entrepreneurs’ Programme that is designed to improve the prospects of Australian startups.
The Incubator Support initiative assists New and Existing Incubators to:
- improve the prospects of Australian start-ups achieving commercial success in international markets;
- assist Australian start-ups by delivering a range of activities to develop the capabilities required to realise their economic potential in international markets faster than they otherwise would; and
- develop Australia’s innovation ecosystem including in Australian regions.
The initiative provides funding through two components, both of which require matched funding from applicants.
The first is support for New and Existing Incubators:
- to help develop new Incubators in regions or sectors with high potential for success in international trade; and
- to boost the effectiveness of high performing Incubators, including funding support to expand their services and/or develop the innovation ecosystem.
The second is support for Expert-in-Residence:
- to organise and provide access to top quality research, managerial and technical talent through secondments of national or international expert advisers who will improve the chance of commercial success for start-ups in international markets.
Funding & Support
- New and Existing Incubators projects can apply for a minimum grant amount of $10,000 and a maximum grant amount of $500,000. The maximum grant period is 24 months.
- Expert-in-Residence projects can apply for a minimum grant amount of $1,000 and a maximum grant amount of $25,000. The maximum grant period is 12 months.
- The grant amount will be up to 50% of the total Incubator Support project value.
To be eligible for Incubator Support, applicants must:
- have an Australian Business Number (ABN);
- be an existing incubator or establishing a new incubator that can foster and facilitate the development of innovative start-ups focused on international trade; and
- be one of the following:
- an entity incorporated in Australia
- an incorporated trustee on behalf of a trust
- a not for profit organisation
- a publically funded research organisation (PFRO), excluding government departments or agencies which undertake publicly funded research
- local government.
You are not eligible to apply if you’re:
- an individual, partnership or trust (however, an incorporated trustee may apply on behalf of a trust)
- a Commonwealth or state government agency or body (including PFROs and government business enterprises)
Applications are accepted on an ongoing basis.
Contact a Business Partnership Manager to discuss your application