Seed-Start

Seed-Start Grant

What is Seed Start

The Seed-Start Program provides up to $500,000 to South Australian SMEs for projects that support the commercialisation of innovative products or services with potential for significant local benefits.

Background

The Seed-Start Program is designed to bolster the innovation and commercialisation capabilities of early-stage South Australian startups. By providing crucial financial support through grants, the program aims to facilitate the development and market entry of unique and competitive products or services. This initiative not only drives technological and service-based advancements but also aims to enhance the economic and social landscapes of South Australia. The government’s focus is on cultivating high-growth potential businesses, thereby generating significant local employment opportunities and fostering an environment conducive to sustainable economic development. This strategic investment in startups is intended to yield substantial returns through revenue growth, export income, and other social benefits, positioning South Australia as a leader in innovation and business development on both national and international stages.


Objectives

The objectives of the Seed-Start Program are to:

  • Support Commercialisation of Innovations: Assist early-stage South Australian startups in bringing innovative products or services to market, ensuring these offerings are unique and competitively viable both nationally and internationally.
  • Enhance Economic Growth: Drive significant economic benefits such as revenue growth and export income through the development of high-potential businesses.
  • Create Employment Opportunities: Generate substantial local employment by supporting scalable business projects that contribute to the South Australian economy.
  • Promote Sustainable Business Practices: Encourage startups to adopt and develop sustainable business models and practices that contribute to long-term economic and social benefits for the region.


Eligible Entities

Applicants for the Seed-Start Program must meet the following criteria to be eligible under the program:

  • Based in South Australia
  • Legally Incorporated in Australia
  • Active Australian Business Number (ABN)
  • Registered for Goods and Services Tax (GST)
  • Annual Turnover Requirement


Eligible Expenditure

The eligible expenditure for the Seed-Start Program includes:

  • Salaries and Consumables: Costs directly attributed to or critical for the delivery of the project.
  • Specialist Professional Services: Fees for accessing essential professional expertise necessary for the project’s development.
  • Specialist Equipment and Software: Costs related to the acquisition and use of specialised equipment, hardware, and software, including service provider fees.
  • Intellectual Property Rights: Expenses involved in accessing or protecting intellectual property critical to the project.
  • Prototyping and MVP Development: Costs associated with developing a Minimum Viable Product, including prototyping.
  • Market Research and Engagement: Expenditures for undertaking market research, engaging with major customers, and investor relations activities.
  • Travel Expenses: Costs associated with travel for market development, capital raising, product testing, and other partnership or investment opportunities.
  • Regulatory Approvals: Fees for data procurement and efforts to obtain necessary regulatory approvals for the project.


Funding

Applicants of the Seed-Start Program, the available grant funding ranges as follows:

Seed Grants: Minimum grant amount of $50,000 and a maximum of $100,000.
Start Grants: Grants range from a minimum of $100,001 to a maximum of $500,000.

These grants require matched funding from the applicant:
For Seed Grants, there is a 2:1 matched funding requirement ($2 from the government for every $1 from the applicant).
For Start Grants, the matched funding is on a 1:1 basis ($1 from the government for every $1 from the applicant).


Eligible Activities

Eligible expenditure for the Seed-Start Program include:

  • Prototyping and Initial Testing: Support for creating and testing early prototypes to assess feasibility and function.
  • Commercial Feasibility Studies: Financial assistance for conducting studies to evaluate the market viability of new products or services.
  • Technology Acquisition: Funding for acquiring new technology necessary for the development of innovative products.
  • Intellectual Property Management: Assistance for securing or managing intellectual property rights essential to the project’s success.
  • Capacity Building: Support for initiatives aimed at building the internal capacity of the business, such as through training programs or hiring key staff.
  • Market Analysis and Research: Funding for in-depth market research to understand potential customer demographics and market needs.
  • Networking and Partnerships: Support for attending conferences, seminars, or networking events that are crucial for business and product development.
  • Regulatory Compliance and Certification: Assistance with the costs associated with achieving compliance with relevant regulations and obtaining necessary certifications for new products or services.


How to get Seed-Start Grant 

In order to get the Seed-Start Grant, you will need to focus on:

  • Clearly Define the Innovation: Describe how your product or service is unique and offers a sustainable competitive advantage.
  • Demonstrate Market Potential: Provide evidence that your innovation meets a market need and has potential customers both domestically and internationally.
  • Detail the Commercial Viability: Outline the business model, potential revenue streams, and financial projections that showcase the profitability of the project.
  • Highlight Technological Readiness: Show the current stage of your product’s development and the steps needed to reach market readiness.
  • Prove Organisational Capability: Demonstrate that your team has the necessary skills and experience to deliver the project successfully.
  • Showcase Previous Successes: Include details of past achievements that highlight your for team’s capability to manage and complete innovative projects.
  • Plan for Intellectual Property: Explain your strategy for protecting the innovation, whether through patents, trademarks, or copyrights.
  • Provide a Detailed Project Plan: Outline specific milestones, timelines, and key deliverables for the project.
  • Explain Funding Necessity: Justify the need for grant funding and show how it will help overcome specific financial or technical challenges.
  • Commit to Matched Funding: Confirm your ability to provide the required matched funding, emphasising financial stability and commitment to the project’s success.


Timing

Applications are open on an ongoing basis


More Information

Source
Guidelines

 

FAQ

The Seed-Start Grant provides financial assistance to early-stage startups in South Australia to help them develop and commercialise innovative products or services.

Eligible applicants include companies based in South Australia with an active ABN, non-tax-exempt status, GST registration, and a turnover of less than $1 million for each of the three financial years prior to applying.

Eligible activities include feasibility studies, prototype development, market research, securing intellectual property rights, and activities that support the scaling of operations.

Eligible expenditures for the Seed-Start Grant include salaries directly related to the project, professional services fees, equipment and software necessary for project delivery, and costs associated with intellectual property management.

The Seed-Start Grant does not have a specified closing date as it operates on an ongoing basis, but applicants should check the latest information for any updates or changes.

If you’re looking for expert assistance with your Seed-Start Grant application, consider reaching out to Bulletpoint. They specialize in large grant applications and can help maximise your chances of success.

What is the #1 grant for start-ups?

12,000+ companies access the R&D tax incentive per year that yields a CASH REBATE of up to 43.5%.
This might be perfect your start up.
Do you want to know more?

Scroll to Top
R&D Top 10 Consultant Tips

Top 10 Consultant Tips to Maximise the R&D Tax Incentive