ClosedBusiness
Accelerating Regional Innovation Fund — NSW
$300K – $700K available
Department of Regional NSW
The Accelerating Regional Innovation Fund provided grants to support incubator and accelerator programs that help regional New South Wales businesses build knowledge, skills, networks and investment opportunities. It targeted programs supporting entrepreneurs, start-ups and new businesses in focus industries across regional New South Wales.
Funding
$300K – $700K
Closed
30 Sept 2022
Duration
up to 2 years
Location
New South Wales
Who Can Apply
• Be an existing incubator or accelerator that can assist entrepreneurs, new businesses and start-ups in the focus industries
• Be an existing incubator or accelerator that has been operational for at least two years
• Have an Australian Business Number and be registered for GST
• Be financially viable and likely to remain so over the duration of the project
• Have demonstrated skills and capacity to deliver relevant programs and support
• Have at least $20 million public liability insurance, or be able and willing to secure it before entering into a Funding Deed if successful
• Be based in regional New South Wales, Wollongong or Newcastle
• Be able to commence within six months of funding announcements and complete by 30 June 2024
• Be one of the following entity types: Australian incorporated company, incorporated trustee on behalf of a trust, incorporated not-for-profit organisation, or publicly funded research organisation
• Joint applications are acceptable if the lead applicant is an eligible entity
• Individuals, sole traders and partnerships cannot apply
• Australian or New South Wales Government agencies, State Owned Corporations, statutory authorities, Local Government Authorities and Section 355 Committees cannot apply
• Organisations without an Australian Business Number, unincorporated associations, insolvent organisations, and incubators or accelerators located in Greater Sydney cannot apply
Applicants had to be existing incubators or accelerators assisting entrepreneurs, new businesses and start-ups in the focus industries, operational for at least two years, holding an active ABN and GST registration, financially viable, capable of delivering the program, and based in regional New South Wales, Wollongong or Newcastle. They also needed at least $20 million public liability insurance or willingness to secure it before contracting, and had to be able to commence within six months of funding announcement and complete by 30 June 2024. Eligible entity types included Australian incorporated companies, incorporated trustees on behalf of a trust, incorporated not-for-profit organisations, and publicly funded research organisations. Individuals, sole traders, partnerships, government agencies, local government authorities, organisations without an ABN, unincorporated associations, insolvent organisations, and incubators or accelerators located in Greater Sydney were ineligible.
What's Funded
Eligible activities included delivering accelerator or incubator programs for regional businesses and entrepreneurs, providing technical and business skills development, customer acquisition and business development support, creating access to mentors, researchers and customers, running innovation events, training and workshops, and facilitating investor network access for capital raising.Before you apply
Check Accelerating Regional Innovation Fund fit and evidence gaps before 30 Sept 2022
Use this business grant page to sanity-check eligibility, funding fit, evidence gaps and application effort before you commit days to drafting. If you already know the grant you want, the 48-hour audit gives a practical go/no-go view, reviewer-readiness score and next-step risks.
Get a 48-hour grant fit auditExpected Outcomes
Expected outcomes included improved business capability and competitiveness, stronger regional innovation networks, revenue and profitability growth, access to capital raising opportunities, and creation of sustainable jobs in regional New South Wales.Grant not accepting applications
Applications for this round are closed. A new round may open in the future.
Browse open grantsKey Information
Applicant Types
companytrustnon_profituniversityother
Stage
established
Funding Purposes
innovationtrainingemploymentcommercialisationcommunityother
Keywords
regional innovationincubatoracceleratorstart-upsentrepreneursregional New South Walesbusiness capabilityinvestment networks
Frequently Asked Questions
1
What is the Accelerating Regional Innovation Fund?
The Accelerating Regional Innovation Fund is a business grant offered by Department of Regional NSW in Australia, providing $300K – $700K in funding. The Accelerating Regional Innovation Fund provided grants to support incubator and accelerator programs that help regional New South Wales businesses build knowledge, skills, networks and investment opportunities. It targeted programs supporting entrepreneurs, start-ups and new businesses in focus industries across regional New South Wales.
2
How much funding does the Accelerating Regional Innovation Fund provide?
The Accelerating Regional Innovation Fund provides $300K – $700K in funding. The typical project duration is up to 2 years.
3
Who is eligible for the Accelerating Regional Innovation Fund?
- Be an existing incubator or accelerator that can assist entrepreneurs, new businesses and start-ups in the focus industries
- Be an existing incubator or accelerator that has been operational for at least two years
- Have an Australian Business Number and be registered for GST
- Be financially viable and likely to remain so over the duration of the project
- Have demonstrated skills and capacity to deliver relevant programs and support
- Have at least $20 million public liability insurance, or be able and willing to secure it before entering into a Funding Deed if successful
- Be based in regional New South Wales, Wollongong or Newcastle
- Be able to commence within six months of funding announcements and complete by 30 June 2024
- Be one of the following entity types: Australian incorporated company, incorporated trustee on behalf of a trust, incorporated not-for-profit organisation, or publicly funded research organisation
- Joint applications are acceptable if the lead applicant is an eligible entity
- Individuals, sole traders and partnerships cannot apply
- Australian or New South Wales Government agencies, State Owned Corporations, statutory authorities, Local Government Authorities and Section 355 Committees cannot apply
- Organisations without an Australian Business Number, unincorporated associations, insolvent organisations, and incubators or accelerators located in Greater Sydney cannot apply
4
When does the Accelerating Regional Innovation Fund close?
Applications closed on 30 Sept 2022.
5
What activities are funded?
Eligible activities included delivering accelerator or incubator programs for regional businesses and entrepreneurs, providing technical and business skills development, customer acquisition and business development support, creating access to mentors, researchers and customers, running innovation events, training and workshops, and facilitating investor network access for capital raising.
6
How do I apply for the Accelerating Regional Innovation Fund?
Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.
Need help applying?
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