What is the St. George Kick Start?

The St.George Kick Start program exists to help Australian small businesses get started. Whether you have a big idea or an existing business – if you have a great idea you can apply for the program!

 

Program Categories

You can apply for one of two categories:

  • Category 1 (A NEW business idea): Limited to applicants who have been trading for less than 18 months, or are about to launch, or are in the process of launching, a business based on an idea, product or service. If the business is not trading yet, for an increased chance to be selected as a finalist it is recommended that you have a business plan in place, have prototyped or are in the process of piloting to market test your idea.
  • Category 2 (An idea to grow your EXISTING business): Limited to applicants whose business has been operating and trading for at least 18 months at the time of applying to St.George Kick Start 2020. The submitted idea needs to be relevant to the business and be focused on how it will help diversify or grow your business. If a finalist, you may be requested to demonstrate your annual turn-over for the last financial year.

 

Funding

There are 4 grants available for the St. George Kick Start:

  • 2 x Major grants (one for each grant Category). Each major grant consists of $40,000 deposited into a St.George Bank transaction or savings account held in the winner’s business or personal name.
  • 2 x Runner up grants (one for each grant Category). Each runner up grant consists of $10,000 deposited into a St.George Bank transaction or savings account held in the runners up business or personal name.

Each grant will be deposited into a St.George Bank transaction or savings account held in the business name or personal name of the Winner.

Account opening requirements apply. Failure to meet account opening requirements will result in the Prize being forfeited. Fees and charges apply. Read the terms and conditions at stgeorge.com.au before making a decision and consider whether the product is appropriate for you.

The Top 12 finalists will pitch in front of a live audience at TEDxSydney for their chance to win a share of $100,000 towards their business idea.

 

Elibility

Applications are open to existing businesses, or individuals who plan to launch a business, who also satisfy the following eligibility criteria:

  • To be an Eligible Applicant for Category 1 (A NEW business idea), the business (or business about to be launched) should:
    • be, or plan to be majority or wholly Australian owned;
    • if not already, plan to be registered in Australia with an ACN or ABN;
    • have, or plan to have its primary place of business in any of: Australian Capital Territory, New South Wales, or Queensland;
    • be, or plan not to be more than 50 percent owned by another business;
    • not be a franchisee;
    • be operating for no longer than 18 months;
    • have its principals not be the subject of any material litigation throughout the Program Period;
    • not be a government agency;
    • not be operated or majority owned by a Westpac Group staff member.
    • be available and able to pitch their idea in front of a live audience at TEDxSydney on 22 May 2020.
  • To be an Eligible Applicant for Category 2 (An idea to grow your EXISTING business), the business must:
    • have been operating and trading for a minimum of 18 months;
    • be majority or wholly Australian owned;
    • be registered in Australia with an ACN or ABN for more than 18-months;
    • upon request provide financial accounts / statements from the previous financial year;
    • have its primary place of business in any of: Australian Capital Territory, New South Wales or Queensland. Businesses whose primary place of business are outside these States/Territory are not eligible to participate in this Program;
    • not be more than 50 percent owned by another business;
    • not be a franchisee;
    • be solvent and neither it, nor its principals be the subject of any material litigation throughout the Program Period;
    • not be a government agency;
    • not be operated or majority owned by a Westpac Group staff member;
    • be available and able to pitch their idea in front of a live audience at TEDxSydney on 22 May 2020.

 

Timing

Applications close 15 June 2020.

 

More Information