The government realises the benefits of home-based businesses and provides financial assistance to such operators. Similarly, grants from various state governments are also available for home-based and small businesses with the objective of promotion of creativity and also digital content at the local level. These grants can be very helpful for creative entrepreneurs and SMEs to take their business to the next level.
Skip Ahead from Google and Screen Australia
Screen Australia is a body of the federal government involved with funding of screen and digital content. Screen Australia, in association with Google, announced a program called Skip Ahead in 2014 for funding home-based businesses that create YouTube content. Under this program, grants of up to $150,000 are given to eligible individuals per project for creation of YouTube content.
To be eligible for funding under this grant:
- You must be a resident of the state where you are applying for the grant
- You must be over the age of 18
- The number of your You Tube subscribers must be greater than 10,000
- Skip Ahead funds up to 5 projects every year and the content should be fiction or documentary
If you have a home-based business idea and want to make a mobile application to turn this idea into reality, the government of Australia helps you with its Incubator Support grant. Under this scheme, the government provides financial support to home-based businesses and starts to take their applications to global markets. Incubator Support is an ongoing program and eligible candidates can apply for this grant any time of the year. Successful businesses can receive financial assistance of $13,000 to $250,000 for a period of two years. Funding under this scheme covers up to 65% of the cost of the project in regional areas and up to 50% in major cities of Australia.
- Your business must have ABN
- It must be based in Australia
- Your project should have a value of at least $26,000 if it is in a major city
Cyber Security Small Business Program
This grant provided by the Federal Government allows SMEs to claim up to $2,100 for improving their cybersecurity measures. To be eligible for this grant, a business must:
- Be certified as a small business
- Have an ABN
- Be registered for GST
- Have less than 19 employees
- Be a business incorporated in Australia/sole trader in Australia /business partner in Australia
To know more about the above grants and similar ones, please speak to one of our advisors at the number mentioned below.