Assists Western Australian innovators in bridging the gap between commercialised innovation and a sustainable business.

The CBG is administered by the Department of Energy and Economic Diversification and targets innovation-driven small-to-medium enterprises (SMEs) and startups in Western Australia, to provide them with support to bridge the funding gap between early start commercialisation and ‘break through growth’ to assist them in becoming sustainable, profitable and scalable businesses.

The CBG is designed to assist businesses to:

• Strengthen their commercialised product or service, such that it can become a sustainable, profitable and scalable business
• Build a globally-focussed, innovative business that is based in WA
• Create jobs, develop new industries and assist in the diversification of the WA economy.

Intended outcomes of the program are that:

• Startups with commercialised ideas build the capabilities necessary to scale their innovation. Startups and small businesses can address a technical problem and develop their product or service
• More innovation-driven startups can scale into global businesses with sustainable revenue
• Innovators can access the capital they need to strengthen, grow and further advance their commercialised innovation
• More innovators overcome barriers to securing investment to develop, test and commercialise their technologies/products.

Matched funding requirements for successful applicants in targeted cohorts have been reduced from 50% to 25% to encourage applications from:

• Businesses headquartered in regional WA
• First Nations founded businesses, and
• Female-founded businesses.

Click here to view full funding guidelines on the provider's website.

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.