Who is Bulletpoint?
Over the last decade, Bulletpoint has been at the forefront of securing grant applications across a vast array of sectors.
Our successful grant applications have totalled over $100M, encompassing areas from manufacturing to infrastructure, defence, cyber security, health tech, and renewables.
However, as times change and our expertise has sharpened, our primary focus has now pivoted towards the R&D tax incentive.
While our rich history gives us a broad perspective and deep knowledge of various grant domains, we are wholeheartedly committed to guiding businesses through the intricacies of the R&D tax incentive process, ensuring they reap the benefits they rightfully deserve.
What’s the most recommended grant for startups?
The number one grant for startups in Australia is the R&D Tax Incentive. This government initiative is designed to stimulate business innovation, allowing companies to offset some of their R&D costs.
The R&D Tax Incentive is especially beneficial for startups, aiming to nurture and promote a culture of innovation and R&D within Australian businesses.
How does Bulletpoint assist businesses with the R&D Tax Incentive?
At Bulletpoint, we demystify the complex process of the R&D tax incentive. We first help businesses truly grasp the government’s definition of R&D. Then, aligning the business’s perception of R&D with the government’s eligibility criteria, we guide them through the compliance and submission process. Our approach is straightforward, personable, and jargon-free.
Are there any grants available for start-up companies?
While there are limited grants tailored specifically for startups, the majority are directed towards established companies that demonstrate a track record of growth and robust financial performance, typically those with revenues around the $1 million mark.
What about support for developing a new product?
The Federal Government offers significant backing for businesses keen on innovating and pursuing product development. The R&D Tax Incentive is a prime example of this support. Additionally, businesses can also consider avenues like Commercialisation Australia for assistance.
Are there grants for exporting overseas?
Absolutely! The Export Market Development Grants (EMDG) scheme extends financial aid to both budding and current exporters. This scheme is inclusive, covering a vast range of industry sectors, products, and even the export of intellectual property and know-how beyond Australian borders.
How can you secure Government Grants?
Winning a government grant requires strategy and precision:
Answer the Question: Ensure your response is clear and direct. For clarity, have someone unfamiliar with the project review your answer.
Keep it Simple: Be concise yet comprehensive. Avoid over-explaining.
Use Visuals: Diagrams can clarify complex points without consuming your word limit.
Highlight Your Team: Showcase a team with a track record of delivering results pertinent to the grant’s focus. The goal is to present the least risky investment to the assessor.
Matched Funding: Most grants necessitate matched funding. Be prepared with solid financial proofs, whether it’s funds in the bank, a line of credit, or a loan agreement.