South Australia Venture Capital Fund

About this grant

Funding is available for local early-stage entrepreneurs and companies to stimulate economic activity and job creation.

Eligibility requirements

All of the following criteria must be met:

• Applicants must:
• Be able to demonstrate a market for their product or service
• Have either commenced generating revenue or can demonstrate customer validation and evidence a route to revenue generation
• Hold less than $250 million in assets
• Not be a publicly listed company, unless that company will be delisted within 12 months of the investment being made
• Have 50% of their assets and 50% of their staff located within sa during a period that ends 12 months from the initial investment date.
• Funding is not available to companies whose predominant activity is:
• Property development or land ownership
• Finance (other than finance technologies)
• Insurance (other than insurance technologies)
• Construction (other than construction technologies)
• Sponsorship for events that support the promotion of trade and investment in wa
• Assistance and support for businesses affected by natural disasters
• Asset write-offs for businesses

What the funding covers

• Funding amounts will vary depending on your circumstances.

How to apply

1. 1Confirm readiness: Ensure you meet criteria (e.g., ABN, turnover limits, GST registration), align project objectives with grant goals, and estimate time for evidence gathering and writing.
2. 2Gather evidence: Collect documents like financials, business plans, market research, project budgets, resumes, risk analysis, and support letters to prove capability and impact.
3. 3Register/log in: Obtain an Australian Business Number (ABN) if needed, sign into the relevant portal (e.g., Business Grants Hub portal), and note any prerequisites like advisory service reports.
4. 4Prepare and write application: Address all selection criteria clearly (project details, government alignment, costs, outcomes, benefits); keep concise, factual, and compelling; validate for completeness.
5. 5Review, approve, and submit: Proofread, get stakeholder sign-off, submit online via the portal before deadline (no late entries); expect eligibility check, merit assessment, and outcome notification.
6. 6Visit https://business.gov.au/grants-and-programs/south-australia-venture-capital-fund for application details

Application tips