Start Up Grants

Start Up Grants

Where should you start up journey?

Message us here

The Start-Up Scene

Australia’s startup ecosystem is buzzing with innovation, drive, and ambition. But what does it mean to be a ‘startup’? A startup is a young company that’s in the initial stage of its operations. These businesses are characterised by their innovative approach and a mission to solve a certain problem.


Why Startups Need Cash: The Risk Element

Startups, by their very nature, are high-risk ventures. They’re treading unchartered waters, developing new products or services, and are usually cash-poor. Sustaining operations, investing in R&D, and scaling up requires capital. Enter the realm of government grants and incentives.


The Reality of Startup Grants

Though many grants claim to target startups, the reality is different. Governments are wary of being perceived as investing taxpayer money into ventures that might close shop in a mere six months. Hence, the so-called ‘startup’ that typically attracts a grant might be one that’s three years old, boasts a turnover of a million dollars, and is already exporting to various countries.


Where should you start your start up journey?

Schedule a meeting today to get started.

Startup Grants

R&D Tax Incentive: The First Stop for Startups

When it comes to government assistance for startups, the R&D tax incentive stands out as the premier choice. Based on my extensive experience with startups, this is the primary grant they should be focusing on. What makes the R&D tax incentive so attractive is that it’s an entitlement, not a competitive grant. In essence, if your startup invests in research and development and undertakes eligible activities, you’re automatically entitled to reap the benefits.

For example, if you spend $100,000 on the development of a new product or service that fits the criteria, you can expect to get back a significant 43.5%, equating to $43,500. It’s straightforward: no competing against other startups, no jumping through unnecessary hoops – if you’ve spent the money on eligible R&D activities, the incentive is yours to claim.

Moreover, startups often ask me, “What else is out there?” And while it’s a valid query, I always emphasise that if they’re leveraging the R&D tax incentive, they’re essentially tapping into 99% of the grant opportunities available to them. It’s a substantial avenue that shouldn’t be overlooked.


Export Marketing Grant: Amplifying Your International Reach

Once startups have perfected their product, the next challenge is to generate sales and recoup the development costs. While the R&D tax incentive can offer relief, it only covers part of the journey. This is where the importance of effective marketing comes into play.

For startups with products that are easily distributable, such as software, informational content, or educational tools, I recommend considering an international approach right from the outset. The reason? The Export Marketing Grant, commonly known as EMDG. This grant offers to refund 50% of your marketing expenses linked to international activities.

Though many startups naturally lean towards the Australian market initially, I often advise them to also focus on overseas markets. Not only does this expand your potential customer base, but it also provides the advantage of the EMDG, allowing you to recoup half of your international marketing spend. When startups harness the power of this grant, they are essentially accessing 99.9% of the grant opportunities tailor-made for them.


Beyond the Rebates: The Competitive Grant Landscape

After exhausting rebate options, there’s the competitive grant sector. Formerly known as Accelerating Commercialisation, the Industry Growth Program is a standout grant in this category. This grant, and others like it, offer 50% back on costs tied to developing new products and services. However, they demand evidence of your product’s technical capabilities and its market niche.

But there’s a catch: You must provide 50% of the funds upfront. Moreover, these grants pit you against other innovative businesses. For instance, your revolutionary product might be competing against another product that’s just marginally better. I’d recommend targeting competitive grants for your second product. A track record, like three years of operations and a million-dollar turnover, will significantly bolster your chances.

Startups can also set their sights on state-based programs, each curated to suit their distinct needs:

  • NSW: The MVP Ventures Programme is honed to provide essential support to startups and entrepreneurs at the nascent stages of product innovation.
  • QLD: The Ignite Ideas Fund becomes an indispensable ally for businesses, enabling them to test and spearhead the commercialisation of innovative offerings.
  • SA: The Research, Commercialisation & Startup Fund emerges as a beacon for South Australian startups. With a focus on nurturing innovation, scaling businesses, and championing new ventures, this fund is a significant asset for the state.


Uncertain About Eligible R&D?

Cut through the jargon and get clarity.

Dial 1300 658 508 now to discuss your project’s eligibility

with Australia’s top R&D tax consultant.

Startup Grants

The Mythical Land of Plentiful Grants

Often, startups approach me, detailing their successes in securing the R&D tax incentive and the EMDG, while expressing awareness of commercialisation grants.

But invariably, the conversation takes a turn towards the more elusive:

“What else is out there?”

Many startups harbour a belief in a mythical land where grants are aplenty, freely available for all to claim. They’ve caught whispers of some company securing a grant for an obscure purpose and think that such opportunities abound.

However, the truth is more grounded.

If you’re already benefiting from the R&D tax incentive and the EMDG, you’re accessing a 99.9% of the grants available to you.

While it’s true that, occasionally, industry-specific or highly specialised grants do emerge, often aligning with government agendas – be it renewable energy, water conservation, med-tech advancements, female founders, or even the development of computer games – these are exceptions rather than the rule.

Their sporadic nature makes them a rarity.

My advice to startups: don’t venture on a wild goose chase for these elusive grants.

The quest often diverts crucial energy and attention away from what truly matters – growing your business and refining your products.

Instead of being lured by the mirage of abundant grants, concentrate on solidifying your core offerings.

Should a relevant grant emerge, you’re likely to hear about it through industry magazines or peers.

The grapevine is efficient, and word travels fast.

Until then, keep your eyes on the prize.

Focus on what you’re already achieving with the R&D and EMDG and let your business thrive.


Why Choose Bulletpoint for Your Grant Journey?

Navigating the world of grants can be overwhelming. That’s where Bulletpoint steps in, offering a beacon of clarity and expertise in an often complex landscape.

  • Experience: With a decade of seasoned experience under our belt, we’ve been the guiding force behind over 500 successful R&D lodgements. Our track record speaks for itself, and it’s a testament to our deep understanding of the R&D ecosystem.
  • Reputation: Don’t just take our word for it. We’re Australia’s highest-rated R&D tax consultant, as evidenced by our 250+ glowing Google reviews. These reviews are a reflection of the difference we’ve made to businesses across the country, assisting them in maximising the tax rebatees available to them.
  • Personalised Approach: At Bulletpoint, we pride ourselves on our straightforward and personable approach. We cut through the jargon, ensuring businesses truly grasp the nuances of R&D in government terms. We’re not just consultants; we’re partners in your journey.
  • Results-Driven: Our passion is mirrored in the tangible results we deliver. Our commitment ensures that businesses align their R&D perceptions with the government’s eligibility criteria, securing the benefits they rightly deserve.


Take the Next Step with Bulletpoint

Ready to unlock the full potential of the R&D tax incentive for your business?

  • Book a Meeting: Get one-on-one expert guidance tailored to your needs. Schedule your session here.
  • Give Us a Call: Connect with our team directly at 1300 658 508. We’re here to answer any questions and guide you through the process.
  • Send a Message: If you prefer written communication or have a quick query, drop us a message and we’ll get back to you promptly.

The grant landscape is ever-evolving, but with Bulletpoint by your side, you’re equipped with the best in the business. Let’s harness the opportunities together and elevate your business to new heights.


A startup grant is free money given to new businesses to help them grow. It’s usually provided by government agencies or private organisations.

Australian-registered businesses with an ABN can apply, but specific eligibility varies by grant.

You can search on government websites like or GrantConnect for a list of available grants.

No, grants are not loans and generally don’t need to be repaid.

A grant is free money, while a loan needs to be repaid with interest.

It’s a government program that gives money back to businesses investing in research and development.

You can get back up to 43.5% of your eligible R&D expenses.

It’s a grant that refunds up to 50% of your costs for marketing your products overseas.

Yes, you can apply for as many grants as you’re eligible for.

You’ll generally need a business plan, financial statements, and an ABN.

Timeframes vary but can range from weeks to months.

Yes, some grants specifically support businesses in rural and regional Australia.

These are grants where your application is judged against others, and only the best get funded.

No, profitability is not always a requirement for grant eligibility.

You may face legal consequences and have to repay the grant with penalties.

Yes, some grants target sectors like tech, healthcare, and renewable energy.

Check the eligibility criteria listed for each grant, usually found on the grant’s webpage.

These are grants provided by individual Australian states to support local businesses.

Having a solid business plan and meeting all eligibility criteria can improve your chances.

Contact Bulletpoint for expert guidance on finding and applying for the right startup grants for your business.

There’s usually no catch, but you must use the funds as specified in the grant agreement.

Myths and Misconceptions About Startup Grants in Australia

While grants don’t need to be repaid, they come with conditions. You must use the funds as outlined in the grant agreement.

Grants have specific eligibility criteria, and not every startup will qualify.

Grants are usually designed to cover specific expenses and won’t fund your entire operation.

Most grants require a detailed business plan as part of the application process.

Grants are available for a variety of industries, not just tech.

Governments are cautious about how they allocate grant money to ensure it’s used effectively.

Grant money must be used for the purpose specified in the grant agreement.

While grants are helpful, they’re not always the best funding option for every startup.

Many grants have specific application windows, and you can’t apply outside of those times.

Most grants require you to report how the funds were used, often with detailed documentation.

Many startups are successful in securing a grant upon reapplication.

Some grants are aimed at businesses at different stages, not just new startups.

The grant application process can be lengthy, often taking weeks or months.

While some grants require you to match the grant amount, others do not.

It’s possible to secure multiple grants as long as you meet the eligibility criteria for each one.

Even small grants can make a significant difference and are often easier to secure.

While professional guidance can help, many startups successfully secure grants on their own.

Grants are offered at the federal, state, and even local level.

Some grants are specifically designed for startups and small businesses.

While innovation helps, grants are also available for businesses that execute well on existing ideas.

Contrary to popular belief, grants aren’t free money. They come with conditions, such as how the funds should be used, and often require reporting to ensure compliance.

It’s a common misconception that any startup can easily secure a grant. In reality, there are specific eligibility criteria, and the R&D tax incentive is often the most accessible for startups meeting those conditions.

Grants are not a one-stop solution for all your startup costs. They’re designed to cover specific expenses, and the R&D tax incentive, for example, focuses on research and development costs.

While tech startups often make headlines, grants are available for a variety of industries. The R&D tax incentive is not limited to tech; it applies to any sector investing in research and development.

Think you can secure a grant without a business plan? Think again. Most grants, including the R&D tax incentive, require a detailed business plan to even be considered.

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