What is the New and Existing Incubators?

Incubator Support – New and Existing Incubators is a funding to help start-ups develop the capabilities to succeed in international markets.

 

Background

Incubator Support – New and Existing Incubators gives incubators the help they need to assist start-ups, specifically:

  • new incubators (in a regional area and/or in a sector with high potential) to develop so they can succeed in international trade
  • existing incubators to expand their services and/or develop the innovation ecosystem
  • new and existing incubators that want to work with data-driven start-ups that use public data as part of their business

 

Objectives

The objective of the New and Existing Incubators component is to:

  • help develop new incubators in regional areas and/or sectors with high potential for success in international trade
  • boost the effectiveness of high performing incubators, including funding support to expand their services and/or develop the innovation ecosystem
  • encourage incubators to work with more data-driven start-ups that use public data as part of their business.

 

Funding

From $26,000 to $500,000 of funding for up to 2 years. Funding covers eligible project value of up to 65% in regional areas or up to 50% in major cities.

 

Eligible Projects

To be eligible your New and Existing Incubators project must:

  • include eligible activities and eligible expenditure
  • have an eligible project value of at least $52,000 for projects in major cities
  • have an eligible project value of at least $40,000 for projects in regional areas

You can apply for up to two grants at the same time from either component. If both projects are supported you must have successfully completed one of the projects including submitting a satisfactory final report, before you can apply for another grant. You can only have two projects running at the same time.

Examples of eligible activities include:

  • expanding mentor networks to new mentors with national or international expertise
  • providing or facilitating access for start-ups to new resources (such as purchase of technical equipment) to promote or facilitate international trade
  • providing or facilitating access for start-ups to new knowledge (such as customer acquisition and/ or business development methods) to promote or facilitate international trade
  • facilitating start-ups’ access to new international networks (e.g. investors, customers peer firms).

 

Eligible Applicants

To get a New and Existing Incubators grant, you must be either:

  • operating an existing incubator
  • establishing a new incubator

Your incubator must foster and facilitate the development of innovative start-ups focused on international trade.

You must have an Australian business number (ABN) and be one of the following:

  • an entity incorporated in Australia
  • an incorporated trustee on behalf of a trust
  • an incorporated not for profit organisation
  • a publicly funded research organisation (PFRO
  • a local government agency or body

You must provide:

  • an approval letter from your board or chief executive officer
  • an Accountant’s Declaration for grants over $50,000 to show you can fund your share of the project costs

 

Timing

Applications open on an ongoing basis.

 

Recipients

December 2019

Applicant NameProject TitleGrant Amount (ex GST)
Antler Innovation Pty LtdIndividuals at idea-stage form world-class founder teams and start-ups$350,000

 

November 2019

Applicant NameProject TitleGrant Amount (ex GST)
The Trustee for MacTavish West Family Trust No.1SeedLab Tasmania: Tasmanian food, drink & agri start-ups to export$463,100
Latrobe City CouncilStartup Gippsland helps regional founders grow global businesses$399,498
La Trobe UniversityGlobal markets accelerator program$337,800

 

October 2019

Applicant NameProject TitleGrant Amount (ex GST)
University of New South WalesHealth 10x program – solving for NCD challenge globally$295,000

 

September 2019

Applicant NameProject TitleGrant Amount (ex GST)
Enterprize Tasmania LtdEnterprize Tasmania: Born global incubator program$442,247

 

July 2019

Applicant NameProject TitleGrant Amount (ex GST)
Melt Accelerator Pty LtdMelt accelerator and incubator – growing and scaling hardware start-ups$500,000
Cyrise Accelerator Pty LtdWorld-class cyber bootcamps for aspiring startup founders$106,025
Canobolas Ventures Pty LtdSparklabs Cultiv8 Stretch$430,379

 

March 2019

Applicant NameProject TitleGrant Amount (ex GST)
Australian Centre for Rural Entrepreneurship LimitedBreakout accelerator$491,100
Australian Computer Society Incorporated