Minimum Viable Product Grants
Provides matching grants of up to $25,000 for pre-revenue start-ups whose enabling technology will deliver new or improved products or services. An impressive 35% of the grant is provided at the start of the project.*
Building Partnership Grants
Matching grants of up to $100,000 are available to startups that are already generating revenue. These grants can assist SME’s to complete pilot projects with key customers providing evidence to accelerate market adoption of the company’s products or services, or fund new marketing partnerships here in Australia or overseas to develop innovative, new-to-market solutions.*
* Both of these programs have been specifically designed to complement other assistance programs for startups, including those offered by the Commonwealth Government, to provide a bridge to accelerate the growth and export capabilities of “born global” startups.
Gazelle Loan Guarantee
Under this program the NSW Government will guarantee up to 50% of a loan amount for 2 – 4 years from an approved financial institution, up to a maximum guarantee of $5 million, where the loan is used to scale the business and to create new jobs in NSW. Repayment arrangements will be negotiated taking into account the proposed transaction, the financial stability of the gazelle and the purpose of the loan.
The loan guarantees are available for working capital, payroll, scaling of commercialised R&D, expanding production capacity, for exports and establishing national and international headquarters (if the business headquarters and jobs are created within NSW).