While many business managers are starting to see the full implications of being a software business, taking the initial steps to transform their business activities can present short term cash flow challenges. Fortunately, there is no shortage of software led business transformation grants and incentives. Below we maintain a continuously updated list of grants and incentives you can leverage to transform your business without negatively impacting your cashflow.
Software Development Finance
As an IBM Partner, we can engage IBM to finance your software development project as one of our clients at a low interest rate and without the complicated paperwork. In most cases, we can get you a decision within days without paperwork.
Federal Government Grants
(1) R&D Tax Incentive
Through our partnership with a range of R & D Tax Incentive Specialists, we may be able to help you recover up to 45% of your software development cost at tax time.
(2) Export Market Development
The federal exports grant provides up to 50% reimbursement for export oriented marketing activities. If your software application fits this criteria you may be able to claim back up to 50% of the cost of your project.
State Government Grants
(1) SA – Innovation Voucher Program
Up to $50k for eligible projects that partner with an SME with annual turnover of less than $200M. Read More.
(2) SA – Manufacturing Business Transformation Voucher Program
Up to $50k for software development innitiative that will significantly transform profitability. Read More.
(3) NSW – Innovate NSW Minimum Viable Product
Matched funding of 50% of project costs to a maximum of $15,000 to develop a prototype or customise a solution. Read More.
(4) Vic – Enterprise Melbourne
Up to $30,000 to expand existing businesses via software, and up to $10,000 to help enter and expand into overseas markets via software. Read More.