The Seed-Start program operates through the Government of South Australia’s Research and Innovation Fund (RIF) to provide financial support for early-stage, high-growth potential businesses.
- Applications Open: Now
- Grants up to $500,000
- The matched funding can only be used for eligible expenditure
- An applicant cannot use in-kind (non-cash) contributions as its matched funding
- Other Commonwealth and South Australian Government grants or investment sources will not be accepted as matched funding for the proposed project
What is eligible for funding?
Eligible expenditure for grant funding and matched funding includes the following activities and/or items that are critical for the delivery of the proposed project:
- Salaries and consumables directly attributed or critical to the delivery of the project
- Accessing specialist professional services
- Access to and acquisition of specialist equipment, hardware, software, and service provider fees
- Accessing or protecting intellectual property rights
- Prototyping and development of a Minimum Viable Product
- Scholarships, study tours, undertaking market research/testing and engaging with major customers and investors
- Travel expenses for testing, market development of the product/service, capital raising and other partnership or investment opportunities
- Data procurement and efforts to obtain regulatory approval
What companies are eligible for funding?
To be eligible an applicant must:
- Be a company incorporated in Australia with an active Australian Business Number (ABN):
- Be a non-tax-exempt business
- Be registered for Goods and Services Tax (GST)
- Have an annual turnover of less than $1 million for each of the three financial years prior to the lodgement of the application – this includes the annual turnover for any Related Bodies Corporate
- Be based or willing to be based in South Australia prior to commencing the project
Is this grant competitive or entitlement based?
Competitive. Your application will be assessed among other applications by a judging panel.
How can I increase my chances of winning this grant?
By engaging an accredited government grants consultant, such as Avant Group.
Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.
As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.
Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project
- Industry analysis presentation
- Competitor Analysis Presentation
- Marketing and Sales Analysis Presentation
- 3-5 year Cashflow Forecast
- 3-5 year Balance Sheet Forecast
- Cost-Benefit Analysis of Grant Funding
- End-to-end grant application including information collating, analysis and application writing
- CAPEX (Capital Expenditure) cost-benefit analysis
- Stakeholder relations and Risk Mitigation Plans
- Any other relevant forecasting that will support your application
How can I get help with my application? Or know if I’m likely to win funding?
Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.
This fund was extremely popular in the last round so talk to an Avant Group Advisor today to assess eligibility and register your interest.