Entrepreneurs' Programme – Incubator Support: New and Existing Incubators

Overview

Incubator Support is an element of the Entrepreneurs’ Programme. The $23 million initiative supports the Australian Government’s commitment to: assist Australian start-ups to develop the capabilities required to achieve commercial success in international markets and realise their economic potential faster than they otherwise would develop Australia’s innovation ecosystem including in Australian regions. The initiative provides grant funding through two components, both of which require a funding contribution from applicants. The other component is Expert in Residence. The objective of the New and Existing Incubators component is to:  help develop new incubators in regional areas and/or sectors with high potential for success in international trade boost the effectiveness of high performing incubators, including funding support to expand their services and/or develop the innovation ecosystem encourage incubators to work with more data-driven start-ups that use public data as part of their business. For a New and Existing Incubators project you can apply for a minimum grant amount of $26,000 and a maximum grant amount of $500,000, over a maximum period of 24 months. The maximum grant percentage varies depending on your project location as defined in the regional locator tool. We consider Inner Regional, Outer Regional, Remote and Very Remote locations as regional areas and all other locations as major cities. Incubators in major cities may receive a maximum grant of 50 per cent of the eligible project value. Incubators with projects located in regional areas may receive up to 65 per cent of the eligible project value. If you apply for the greater percentage, you will need to demonstrate in your application that your project is located in a regional area, with at least 80 per cent of your eligible project value being attributed to activities in a regional area.