The new grant assists Western Australian innovators bridge the gap between commercialised innovation and a sustainable business. The CBG aims to assist founder(s)/teams in:

• Western Australia that have been developing their innovation-drive business for at least a few years, has customers and the potential to build a scalable, multi-million dollar business.
  
  
• Contributing to, matching and completing a new funding round, without further diluting the investors.

• Strengthening their commercialised product or service, such that it can become a sustainable, profitable and scalable business.

• Building a globally focused innovative business and team.

• Creating jobs, developing new industries and assisting in the diversification of the WA economy, as per the Diversify WA framework.

A typical startup/ small business that the CBG could fund would:

• Be based in WA;

• Have at least a three-year trading history

• Have developed a commercial innovation

• Have some early customer revenues; but

• Not yet achieved ‘breakthrough growth’, (but has the potential to do so).

Click here find out all details.

Smith Thornton subscribes to a grant search provider and can help you prepare your grant application. If you have any questions our Business Services Advisor Jenna van Nierop will be happy to assist. You can email her at jennav@smiththornton.com.au or call her on 9842 5155.