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 Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| Antler Innovation Pty Ltd | Individuals at idea-stage form world-class founder teams and start-ups | $350,000 |
November 2019
| Applicant Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| The Trustee for MacTavish West Family Trust No.1 | SeedLab Tasmania: Tasmanian food, drink & agri start-ups to export | $463,100 |
| Latrobe City Council | Startup Gippsland helps regional founders grow global businesses | $399,498 |
| La Trobe University | Global markets accelerator program | $337,800 |
October 2019
| Applicant Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| University of New South Wales | Health 10x program – solving for NCD challenge globally | $295,000 |
September 2019
| Applicant Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| Enterprize Tasmania Ltd | Enterprize Tasmania: Born global incubator program | $442,247 |
July 2019
| Applicant Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| Melt Accelerator Pty Ltd | Melt accelerator and incubator – growing and scaling hardware start-ups | $500,000 |
| Cyrise Accelerator Pty Ltd | World-class cyber bootcamps for aspiring startup founders | $106,025 |
| Canobolas Ventures Pty Ltd | Sparklabs Cultiv8 Stretch | $430,379 |
March 2019
| Applicant Name | Project Title | Grant Amount (ex GST) |
|---|---|---|
| Australian Centre for Rural Entrepreneurship Limited | Breakout accelerator | $491,100 |
| Australian Computer Society Incorporated |