MVP Ventures Program is offering grants of up to $200k for businesses ready to level up their technology

Attention NSW based tech innovators and disruptors! The MVP Ventures Program is offering grants of up to $200k for businesses ready to level up their technology. If you’re working on game-changing tech solutions and need funding to bring your vision to life, this is your chance to secure a piece of the pie.

The 1:1 matched funding grants will be awarded based on tech impact and viability, as well as business plan strength. Your project will be assessed on three criteria including innovation, commercialisation and deliverability. Examples of projects include prototyping and piloting studies, as well as the development of existing products through the implementation of new technology that will enhance competitive capabilities.

The Program targets new products, processes, or services within Technology Readiness Level (TRL) 3– 9 to help you move along the TRL scale and enable you to attract largescale private investment.

To be eligible, your business must:

  1. Be incorporated and have an Australian Business Number (ABN), or an Aboriginal and/or Torres Strait Islander Corporation
  2. Be non-tax exempt
  3. Have a physical HQ in NSW and demonstrate R&D as a core activity
  4. Hold IP or rights to commercialise your product
  5. Have an aggregated turnover of less than A$1 million in the three financial years prior to application
  6. Have 20 FTE or less.

To apply for funding from the NSW Government, you must provide the following documents, which our team of expert consultants can assist you in preparing:

– a pitch deck or video showcasing their product and explaining its uniqueness,
– evidence of financial turnover and number of full-time equivalent employees,
– proof of 50% matched funding,
– a letter from an eligible validating entity,
– a completed project template.

The NSW Government has committed to $10mil p.a in funding and applications are open now. Don’t miss out on up to $200k in funding – contact us at Noah Connect to help with your application and take the first step towards bringing your tech to market, before the 2022/23 pool is exhausted.

Grant Opportunity for NSW Waste and Recycling Projects

Remanufacture NSW has announced funding for Regional and Remote waste and recycling projects

The Recycling Modernisation Fund (RMF) is offering from $10,000 to $1 million in matched funding to cover the capital costs of projects that address infrastructure gaps in Australia’s waste management and resource recovery system.

The RMF focuses on the waste streams impacted by the Council of Australian Governments’ Export Waste Ban. Funding opportunities will support the NSW resource recovery sectors response to changes brought about by the decision to ban the export of unbeneficiated waste plastic, paper, glass and tyres.

Key Eligibility Criteria:

  • Projects must deliver/ trial new, or increase existing processing capacity, to address the processing of materials that fall under the export ban
  • Projects should seek to increase local employment and long-term economic growth and development in regional or remote locations
  • Projects should be completed by 30 June 2024 to meet the timeframes for phasing in of the waste export bans.
  • Projects should manage materials through:
  • new fixed or mobile facilities, or expansion of existing fixed or mobile facilities
  • new or upgraded equipment to increase local domestic processing capacity
  • increasing the use of recyclable/recycled materials in manufacturing and/or infrastructure

Examples of eligible projects include

  • Trials for the remanufacturing of plastic, glass and other material/s into building products
  • Advanced recycling of hard to recycle plastics, such as mixed, multilayer, flexible or contaminated plastics back into food grade recycled plastics
  • Installation of new equipment such as sorting lines, artificial intelligence (AI) or scanning technology, crushing, washing, shredding or pulping machinery
  • Community sorting stations or baling equipment

Here’s a link to some of the previous projects awarded funding through RMF.

Key Dates

Applications open: 8 November 2021

Applications close: 6 December 2021

If you would like to discover more about your eligibility for this grant opening, feel free to connect with the NOAH Connect team. Applying for a government grant is a complex, time consuming and highly competitive process; we’re experienced in assessing eligibility criteria and will ensure you put forward the strongest application possible.

Funding for International Collaboration

NOAH Connect secures Grant Funding for International Collaboration from Global Innovation Linkages Program for Client

Round 3 of the Global Innovation Linkages Program supports research and development projects that help to solve real world challenges and improve lives. Funding has recently been announced and we’re proud to say, our client is one of the successful applicants to have been awarded the grant, securing over $500,000 in Government Funding for their international collaboration to develop complementary preservatives for Australian meat products.

The Grant

The Global Innovation Linkages Program provides funding to help Australian businesses and researchers collaborate with global partners. The Department of industry, Science Energy and resources Program supports strategically focussed, leading-edge research and development. This Round of the Program was strategically focused on six areas: advanced manufacturing; food and agribusiness, medical technologies and pharmaceuticals, mining technology and equipment; energy resources and; cyber security. To be eligible for the grant, a company must collaborate with an University/ Research Organisation and a International commercial partner. 10 collaborative projects will share in $8.5 million in funding to bring together the best and brightest minds from home and abroad to drive innovation and find solutions to complex problems.

The Outcome

NOAH Connect was able to secure $525,000 in funding for our client to work with a Spanish food additives manufacturer and researchers at the University of Tasmania to develop complementary preservatives for Australian meat products. This is a great win for our client as most other grant recipients were led and awarded to universities/ research institutions.

If you would like to discover more about your eligibility for an upcoming grant opening, feel free to connect with the NOAH Connect team. Applying for a government grant is a complex, time consuming and highly competitive process; we’re experienced in assessing eligibility criteria and will ensure you put forward the strongest application possible.

 

Case Study: Modus wins Funding from Manufacturing Modernisation Fund

The successful grant applications for round 2 of the Manufacturing Modernisation Fund have recently been announced and we’re proud to say, our client, Modus, is one of the successful applicants to have been awarded the highest funding under the grant, securing a $1M grant.

The Grant

$55 million in federal government grants was available under round 2 of the Manufacturing Modernisation Fund (MMF) to support transformation in small and medium manufacturing businesses. 85 businesses shared in the grants this year which will help transform their manufacturing facilities and support job growth, enabling a highly skilled workforce. MMF aims to help Australian manufacturers scale-up, compete internationally and create jobs.

Our Client – M.O Brewing

M.O Brewing was founded by Jaz and Grant Wearin in 2014 with their first Brewery in Mona Vale on Sydney’s Northern Beaches. Only four short months after opening the brewery’s doors, they collected a staggering swag of accolades at the Craft Beer Industry Association’s (CBIA) national awards including trophy for Australia’s Best Amber/Dark Ale; trophy for Best IPA; then Campion Small Brewery; as well as Champion Australian Craft Beer. They are dedicated to brewing the best tasting beer around.

The Outcome

Noah Connect was able to secure $1,000,000 in funding for Modus’ expansion into Merewether, Newcastle with a focus on Brewing NORT, Modus’ new full flavoured non-alcoholic beer

“The NOAH team effortlessly guided us through the grant submission process and took on the brunt of the workload ensuring a competitive grant submission which ultimately resulted in a successful application” Grant Wearin – Founder Modus

If you would like to discover more about your eligibility for an upcoming grant opening, feel free to connect with the Noah Connect team. Applying for a government grant is a complex, time consuming and highly competitive process; we’re experienced in assessing eligibility criteria and will ensure you put forward the strongest application possible.

To find out more about Modus, connect with them on mobrewing.com.au

 

 

 

 

 

 

 

Case Study: First Focus Win Funding from Cyber Security Program

The successful grant applications for the Cyber Security Business Connect and Protect Program have recently been announced and we’re proud to say, our client, First Focus, is one of 14 applications to have received funding under the grant. 

The Grant

Up to 6.9 million in federal government grants was available under the Cyber Security Business Connect and Protect Program to support the cyber resilience of SMEs. 2.7 million of the grants went to IT companies, such as First Focus, to develop various cyber awareness and support training initiatives, particularly important in the wake of strong digital uptake during the COVID-19 Pandemic. 

first focus

Our Client – First Focus

First Focus is a dedicated Managed IT Service Provider (MSP) that specialises in combination enterprise-grade cloud technology and is a leader in the Australian, Philippines and New Zealand markets. 

The Outcome

Through certifying First Focus business advisory practices and particularly highlighting their ability to develop and deliver cyber security education packages to SME C-Suites, Noah Connect were able to secure $339,780 in funding for our client. Additionally, First Focus secured continued work through the grant to improve SME’s digital capabilities and uphold Australian business, economy and national security. 

“Maggie and the team at Noah Connect were instrumental in identifying our suitability for the grant, and helping us create and refine the grant submission.  Their ability to know exactly what it takes to make an application successful was highly valuable throughout the process.”

first focus
If you would like to discover more about your eligibility for an upcoming grant opening, feel free to connect with the Noah Connect team. Applying for a government grant is a complex, time consuming and highly competitive process; we’re experienced in assessing eligibility criteria and will ensure you put forward the strongest application possible.  

To find out more about First Focus and their IT services, connect with them on firstfocus.com.au

 

 

 

 

 

Round 2 Has Just Opened for the ‘Boosting Female Founders Initiative’ 

The Boosting Female Founders Initiative Round 2 has just opened up with a closing date of 22 April 2021! The Boosting Female Founders Initiative is just as it sounds – a grant initiative for female founders looking to scale their startups into domestic and global markets. So does your business qualify and, if yes, what’s involved in applying? Read below to see if you might be eligible and what could be available.  

Eligibility

First and foremost, to be eligible you must be: 

A female founded (majority owned and led by women) startup, that is:

A startup that is at least 51% owned and led by women (as per the Australian Business Register (ABR) and Australian Securities and Investments Commission (ASIC) and/or organisational records).

You must also hold an ABN and be one of the following entities:

  • Incorporated in Australia
  • A partnership 
  • A sole trader

female founder

Support 

Grants between $25,000 and $400,000 are available, with grants up to $480,000 available if you meet special eligibility criteria. Grants will be given on a co-contribution basis with the grant amount being up to 50% of eligible project costs. Also available through the initiative is expert mentoring and advice – a fantastic offering for any business owner looking to expand. 

Assessment Criteria

(This is where working with a trusted consultant can make all the difference to your application.)

Expression of Interest

You first must apply via an Expression of Interest (EOI) (found online at business.gov.au).

To be successful here, you must show how the grant will help your business expand into domestic and global markets, with an emphasis on how funding will remove barriers to your startup growth and how you are ready to take your product or service to market. 

Stage Two

If you are successful at the EOI stage, you will be invited to Stage Two where you must provide more detailed evidence of your capability, capacity and resources to scale your business. This includes producing polished documentation, such as:

  • evidence to support your source of funding
  • a pitch deck supporting your response to the assessment criteria
  • business financial documents 
  • a business plan
  • a trust deed (where applicable).

*Source: business.gov.au

women in business

How We Can Help

At Noah Connect, we can help you with both stages of the Boosting Female Founders application. As a female founded and run company, we’re passionate about helping other female founders achieve their dreams for business expansion. We’ve also had 17 years of experience helping companies through the initial steps of grant selection, to application review, business documentation and beyond. If you’re interested in applying for the Boosting Female Founders application before 22 April 2021, contact our expert team today 

 

 

 

 

 

 

 

 

 

Grant Applications Are Now Open for 1.3bn Modern Manufacturing Initiative

In October 2020, the Australian Government assigned 1.3 billion dollars of funding to the Modern Manufacturing Initiative to help unlock private sector investment across three targeted streams. Below we outline a brief explanation of the MMI and its different streams, as well as exciting grant opportunities now available under the initiative. Interested in more information about this opportunity? Get in touch with the Noah Connect team, to discuss your business’s eligibility today.

What is the Modern Manufacturing Initiative (MMI)?

Briefly, the MMI aims to help Australian manufacturers create jobs, scale-up, compete internationally by providing co‑investment through three targeted streams:

Funding Streams
  • Manufacturing Collaboration Stream (provides funding for very large projects that support business-to-business and business-to-research collaboration, to build economies of scale)
  • Manufacturing Translation Stream (helps manufacturers translate good ideas into commercial outcomes)
  • Manufacturing Integration Stream (helps manufacturers integrate into local and international supply chains and markets)
National Manufacturing Priorities 

All of these streams are designed for manufacturing projects that have broad sectoral benefits across six National Manufacturing Priorities, these include:

  1. Space – Currently open for applications. Applications close 22 March 2021 5PM AEDT
  2. Medical Products – Currently open for applications. Applications close 29 March 2021 5PM AEDT
  3. Resources Technology and Critical Minerals Processing – Currently open for applications. Applications close 1 April 2021 5PM AEDT
  4. Food and Beverage – Applications will open for this sector in the coming weeks.
  5. Recycling and Clean Energy – Applications will open for this sector in the coming weeks.
  6. Defence – Applications will open for this sector in the coming weeks.

Grant Opportunities

As you can see, the first round of MMI is already open, with space and medical products the first national manufacturing priorities to receive funding. Commonwealth funding can provide up to 50% of eligible project costs across all funding streams, with a minimum grant amount of $1 million and a maximum grant amount of $20 million. It’s expected that the average grant size will be about $4 million.

For the MMI’s ‘Translation and Integration Stream’, an initial combined total of approximately $140 million is available from 2020-21 to 2023-24 across all the National Manufacturing Priorities. Specifically, for the 2020-21 financial year – $40 million is available to support grant opportunities across all the National Manufacturing Priorities. It’s also anticipated that there will be $40 million in 2021-22, $40 million in 2022-23 and $20 million in 2023-24 available.

Conclusion:

As you can see grant opportunities abound in the coming years for manufacturers within the R&D sector, and the opportunities are starting now! If you’d like more information on the process of R&D grant applications, please check out our blog ‘6 Musts For Grant Success In 2021‘. Alternatively, get in touch with our NOAH team of dedicated experts, we’re ready to help unleash your potential.

 

 

 

 

 

 

 

 

 

 

 

 

 

6 Musts For Grant Success In 2020

Australian Federal and State Governments offer more than 1,000 grants and funding programs each year targeting different sectors and different types of activities from ‘cleaner tech’ to ‘accelerating commercialisation’.  

While grants can be a game changer for your business the application process is often difficult and time consuming (to say the least). In this blog, we’ll discuss some government grants that might be of interest to you and outline six essential tips to help you succeed with your application in 2020. 

Common Federal Grants 

Below are three popular federal grants available. However, to find the grant or support program right for your business, answer four simple questions at business.gov.au’s ‘Grants & Programs’ page.

Accelerating Commercialisation Grant (AC Grant) 

Who it’s for: Australian businesses with a turnover of less than 20 million per year who have a novel product, process or service they want to commercialise.

What you get: Up to $250,000 matched project funding for Commercialisation Offices and Eligible Partner Entities; or up to $1 million for other applicants.

Export Marketing Development Grant (EMDG)

Who it’s for: Aspiring and current exporter businesses of small to medium size.

What you get: Reimbursement of up to 50% of eligible export promotion expenses above $10,000 provided that the total expenses are at least $20,000. Eligible applicants may apply for up to eight grants.

Manufacturing Modernisation Fund (MMF)

Who it’s for: Small to medium manufacturing enterprises that are investing in new manufacturing technologies and processes. The program supports technology and efficiency improvements as well as investment in more transformative technologies.   

What you get: Co-funding grants of between $50,000 and $1 million.

Six Steps To Grant Funding

Congratulations, you’ve researched and narrowed down your selections. Now follow these six steps to maximise the success of your application.

1. Identify A Grant Program That Matches Your Objectives

Every grant program has objectives that are tailored to a desired policy outcome. Once you’ve determined that your company or project meets the basic eligibility criteria, the next step is to ensure your project aligns with the program’s objectives.

Examine closely:

  • The strategic objectives of the department offering the grant e.g. the MMF grant is sector-specific and falls under the Advanced Manufacturing Growth Centre (AMGC). The AMGC’s Sector Competitiveness Plan outlines the government’s strategic priorities for the sector – does your project align with these? 
  • Program statistics and previous grant recipients – research publicly available data on the number of grants awarded per round, average grant size, grants per sector and more. This will give you a practical guide to the types of projects the program intends to fund and its competitiveness.

This research will allow you to define the project in a way that is most sympathetic to the program’s objectives. Successful applicants in any program must demonstrate that they offer best value for money for the taxpayer’s dollar – push to show how your business will create jobs, improve Australia’s competitiveness or upskill workers. 

You can discover the projects successfully funded under the AC Grant here.

2. Map Out The Cut Off Dates

Grants often have strict deadlines and long assessment processes. There may also be multiple stages to the application process. 

Map out the cut-off dates as best as possible before starting the application process to understand a birds eye approach to the progression required. The timeframes must be carefully managed with your business needs, as in most cases, project costs incurred prior to the grant agreement or contract being signed will not be funded.

3. Get Financials & Records In Order

On a similar note, review the mandatory attachments to the application such as a business plan, detailed budget, financial statements and market research report. Feedback on applications will generally only be provided where the application is complete and all attachments are included, at least in draft form.

If you are successful, keep in mind you will also need to report on project progress against agreed milestones as per the funding agreement. 

4. Examine the merit criteria and understand the relative weighting/score

Using the AC grant as an example, businesses will need to demonstrate ‘need for funding’ before other criteria will be assessed. It’s a fine balancing act to demonstrate this need for funding and at the same time showcase that your business has funding planned from other sources to meet its contribution. 

5. Create A Comprehensive Business Plan

Expect to spend time meeting with program delegates and revising your application based on their feedback. Have in place good business governance processes such as a comprehensive business plan, strong financial reports and detailed budgets. This will give your case managers confidence in your business. Use your business plan to show how you will implement the grant successfully in the future of your business. 

6. Seek Professional Advice

Applying for a government grant is a complex, time consuming and highly competitive process. Seek out a professional advisor for help in assessing eligibility criteria and to ensure you put forward the strongest application possible.  

Excited to explore your future business goals? For professional assistance, contact the Noah Connect team. We’ll support you from the initial steps of grant selection all the way through to funding and beyond. Discover more about our services over at our ‘Grant & Funding Programs’ page.