Applications are now open for Stream 2 of the state government's Research, Commercialisation and Startup Fund, which supports entrepreneurs to start and grow innovative early-stage businesses.
Entrepreneurs can apply to Stream 2 via three pathways:
- Bootstrap Pathway – up to $100,000 matched equally by founders with in-kind contributions and cash.
- Incubator Pathway – up to $100,000 with at least 50% of the grant matched by an investor who brings value in addition to their financial investment.
- Scale Up Pathway – over $100,000 and up to $1 million with the full grant amount matched equally by investors.
For more information, and to apply, visit the Department for Innovation and Skills website.
FIXE is launching a mentor program to connect budding entrepreneurs with experienced business people. The informal program is designed to facilitate productive conversations and give smaller startups access to expert advice as they navigate this difficult business environment. Click here to register.
Similarly, the Adelaide chapter of the Entrepreneurs' Organisation will match six promising startups with more experienced members. These mentors can assist with strategic planning and act as a sounding board for ideas and concerns. Email firstname.lastname@example.org to apply.