ELIGIBILITY FOR FUNDING
Must be solving a real world problem
The product or solution must be a new or unique technical solution (Innovation) that is solving a demonstratable real-world problem.
Must be Scaling up (post startups)
The company must be incorporated and the MVP must be complete and in-market with demonstratable early registered sales. Startups (businesses that are pre-revenue) will not be accepted.
Must demonstrate high growth global potential
Must be able to demonstrate how you are going to grow the business 10 times its value in 5 years.
Preference given to ESIC Status companies
Preference will be given to businesses with verified ESIC status.
GRANTS AND INCENTIVES
R&D Tax Credits
Accelerating Commercialisation Grant
Accelerating Commercialisation Grant
The tax incentive reduces company R&D costs by offering tax offsets for eligible R&D expenditures. Eligible companies with a turnover of less than $20 million receive a refundable tax offset, allowing the benefit to be paid as a cash refund if they are in a tax loss position.
(Up to 75 points towards ESIC status)
Accelerating Commercialisation Grant
Accelerating Commercialisation Grant
Accelerating Commercialisation Grant
Accelerating Commercialisation is a service under the AusIndustry Entrepreneurs’ Programme that provides you with advice and funding to get your novel product, process, or service to market.
(Up to 75 points towards ESIC status)
EARLY-STAGE INNOVATIVE COMPANY (ESIC)
Tax Incentives for Investors
Tax Incentives for Investors
Tax Incentives for Investors
For an investor to be entitled to the tax incentives, the company must qualify as an early-stage innovation company (ESIC) immediately after the new shares are issued to the investor
ESIC Test for Entrepreneurs
Tax Incentives for Investors
Tax Incentives for Investors
The early-stage innovation company (ESIC) decision tool will help you work out if a company qualifies as an ESIC.