The state’s post-coronavirus economic recovery is now in full swing, with businesses once again opening their doors and industry returning to full production. For new companies just starting up, small companies looking to expand or larger companies dipping their toes in the national or even international export market, there are a number of funding options available to help them along the way.
Options to explore include:
- Research, Commercialisations and Start-up Fund – This fund looks to contribute to the state’s economic growth by supporting collaboration between researches, entrepreneurs and businesses, and attracting start-ups.
- Economic and Business Growth Fund – As part of the Growth State partnership, the SA Government has committed $100 million to support initiatives and projects across nine priority sectors (defence; tourism; space; energy and mining; hi-tech; health and medical; food, wine and agribusiness; creative; and international education) to promote economic growth in SA, by meeting increasing interstate and global demand and attracting investors.
- South Australian Venture Capital Fund – This $50 million fund is designed to help dynamic and innovative South Australian early-stage ventures secure funding and accelerate their growth on a natinal and global scale, thereby stimulating economic activity and job creation.
- Future Industries Accelerator – Businesses can explore product development ideas and technical challenges by connecting with facilities and expertise at he University of SA’s Future Industries Institute.
- South Australia Export Accelerator – For businesses looking to expand into international markets, whether they are an emerging, current or mature exporter.