Funding for small business
It helps everyone in South Australia when local businesses thrive.
To support small business, the South Australian government makes a range of funding available. This funding can help boost your prospects, invest in new ideas, or hire new staff.
Looking for help getting started? The following opportunities might be right for you.
GRANTAssist offers up-to-date information about State and Australian Government funding.
You can find more information about grants at GRANTAssist.
Money to help you get started
The Small Business Development Fund
The Small Business Development Fund helps small businesses in northern Adelaide. You could be eligible for up to $20,000 to help you establish a new business in northern Adelaide. Money is available to help you grow and create sustainable jobs.
Money to help you develop a new product or idea
The South Australian Early Commercialisation Fund
If you’ve got an idea for a new product or service, money may be available to help you turn your idea into reality. The South Australian Early Commercialisation Fund provides grants to commercialise your intellectual property. You could be eligible for up to $500,000.
The Future Industries Accelerator
Have you got an idea that could help solve a problem faced by industry? The Future Industries Accelerator can help you investigate and develop your idea. All work is done in partnership with UniSA’s Future Industries Institute.
For example, SMR Automotive partnered with the Future Industries Institute. They created the world’s first plastic car mirror. The mirror had a performance level not matched by anything else in the world. Your idea doesn’t have to be car-related though – take a look at the range of industries the Future Industries Institute is working across.
Grants worth up to $100,000 are available to research and develop your idea. At the Future Industries Institute at no direct cost, you can also access:
- laboratory space
- other research equipment
- expert advice.
Money to help you hire new staff
The Jobs Accelerator Grant
The Jobs Accelerator Grant offers funding to businesses that hire new apprentices or trainees. The Grant offers:
- up to $15,000 for businesses with payrolls between $600,000 and $5 million
- up to $9000 for businesses with payrolls up to $600,000.
The grant applies to all eligible apprentice and trainee positions created between 1 July 2016 and 30 June 2018. Find out more about the Jobs Accelerator Grant.
The Future Jobs Fund
The Future Jobs Fund offers grants and loans to South Australian businesses. The businesses must be creating jobs in growing sectors of our economy. These industries include:
- Shipbuilding and defence
- Renewable energy
- Mining, including the mining industry supply chain
- Tourism, food and wine
- Health and biomedical research, including businesses expanding to provide National Disability Insurance Scheme (NDIS) services
- Information technology
- Advanced manufacturing.
There will be one round of funding with the following two stages:
- You’ll need a business case to support your application to the Future Jobs Fund. Grants of up to $50 000 are available to help you develop your business case. You must match the amount of money you’re seeking to develop your business case. Applications close on Friday 14 July.
- Grants and loans are available to create ongoing jobs in the sectors listed above. Grants range from $100,000 to $5 million. Low interest loans range from $100,000 to $10 million. Applications close Friday 29 September.
The Department of State Development is available to provide advice on your application. They can also do project and industry due diligence in support of your application.
Email Elizabeth Staniford
Phone 8303 2280
Get more information about eligibility, essential criteria and the application process.
Programs to help you sell your products or win work
The Industry Capability Network
The Industry Capability Network (ICN) South Australia can help you find new work and promote your business. ICN provides an online portal, called the ICN Gateway. You can create a profile on the ICN Gateway. Your profile puts you in the running to win contracts on major projects across Australia.
Major project owners use the portal to search for local companies that are able to contribute to the project. Take a look at the major projects in South Australia that are using the ICN Gateway to find local suppliers.
The Industry Participation Policy and Procurement Reform Strategy
It’s now a lot easier to win work with the State Government. The Industry Participation Policy means that the State Government must favour local business. The Procurement Reform Strategy helps reduce the paperwork you need to do to be in the running to win work. The Industry Advocate can help you find about more about winning work with the State Government.