Micro Business Grants NSW

Small businesses play a very vital role in developing the economy of any state and country. COVID-19 pandemic is not over yet, and due to frequent lockdowns many businesses, especially micro-businesses are in hardship. In an attempt to keep such businesses alive the NSW government has announced many assistance programs and grants. Below mentioned are a few of these grants and assistance programs imitated by the NSW government for its local micro-businesses.

New Business Assistance with NEIS

NEIS’ New Business Assistance programme gives individualised assistance to persons who want to explore self-employment or create a small business. Every year, a network of NEIS suppliers helps 8,600 micro businesses around the country.

Eligibility Criteria

  • You must be 18 years old when you have established your new company
  • You must be not forbidden from doing business in Australia
  • You are not a working holidaymaker or an international student studying in Australia
  • You are willing to attend NEIS training if selected

Applications can be made at any time.

What do you get?

  • Small company training that is accredited
  • Assisting in the creation of a business plan
  • Mentoring and assistance from a NEIS provider on a one-on-one basis
  • Up to 39 weeks of NEIS Payment and 26 weeks of NEIS Rental Support

Bushfire Legal Aid Scheme NSW

If you’re a small business owner or a primary producer, your lawyer can request up to $2,000 to support you address any legal dispute resulting from the 2019/20 bushfires, plus up to $5,000 in related expenditures, like paying for expert reports. In certain instances, you can also claim up to $7,000 depending on the damages your property has incurred. If you have multiple legal issues relating to bushfires, your lawyer may receive funds for each of them separately.

Eligibility Criteria

  • You must be a primary producer or owner of a small company with a land in an eligible LGA
  • Have a legal concern related to the 2019/2020 bushfire season in one of relevant LGAs
  • Be able to prove the relevancy of your request

Applications can be made at any time.

The Minimum Viable Product

The Minimum Viable Product (MVP) programme provides funds to pre-revenue tech firms to assist them communicate with potential consumers, or channels to market, and gain market validation to make their first sale. Funds are available to help promising pre-revenue businesses move from proof of concept to a minimal viable product (MVP).

The funding could be used to create an MVP for one of the following:

  • The point of first income, or
  • when feedback reveals that the MVP is insufficient for the intended business model

Funds of up to $25,000 are available to cover up to 50% of cost of the project.

Eligibility Criteria

  • Be based in NSW and have an ABN registered
  • Have a fully functional proof of concept
  • Be in the early stages of generating revenue
  • Possess intellectual property (IP) or the ability to commercialise the finished product
  • To develop a scalable product that can be deployed to multiple clients, you must have a possible business customer or business channel to market
  • Show that at least 80% of development expenditures will be incurred in NSW
  • Demonstrate that you have matching funds to initiate production

Applications can be made at any time.

If you want more information regarding the above mentioned or similar grants, please contact one of our advisers at the number mentioned below.

Enquiry Form