WA start-ups and small businesses looking to commercialise their innovative ideas or projects are being invited to apply for grant funding of up to $20,000 through the State Government’s Innovation Booster Grant program.
The Innovation Booster Grant program (IBG), previously known as the Innovation Voucher Program, aims to boost innovation for early stage start-ups and small businesses by providing financial support for professional skills and services to improve capability and advance activities in WA.
The program provides support in one of four categories:
- research and development;
- product development;
- technology transfer and intellectual property; and
- commercialisation support services.
The grants recognise SMEs are major contributors to the WA innovation ecosystem, but face hurdles in turning great ideas into commercially viable products.
CCIWA Members: Access CCIWA’s Grant Finder
The IBG is designed to help SMEs in overcoming those obstacles and assist with early funding to achieve commercialisation.
“I encourage all businesses and start-ups to apply for a grant and realise their immense potential in turning innovation into successful enterprises that enhance and grow the WA economy,” Innovation and ICT Minister Stephen Dawson said.
IBG applications opened on March 9, 2022 and close on April 20, 2022.
Recipients can apply for up to $20,000 each and are required to make a 20 per cent cash co-contribution plus any GST.
For more information on the program and how to apply see here.
Use the CCIWA Grant Finder to get your grant today.