What this funding is for
The Deep Tech Incubator Programme supports your venture to develop and commercialise new technology.
You’ll work with an approved incubator providing funding, mentoring, and connections to help your business grow.
An incubator is an organisation that invests in early-stage businesses and helps them turn promising ideas into successful products and services.
The incubator will:
- invest in your venture alongside government funding
- help test your idea and develop your business model
- give mentoring and commercial advice, and share industry connections
- support you to attract further investment and enter global markets.
If your application is successful, you’ll receive a minimum of $1 million in funding and investment. This includes:
- a $750,000 repayable government grant
- at least $250,000 investment from an approved incubator.
You only repay the grant if your business earns revenue. Repayments are 3% of annual revenue.
Before joining the programme, you'll agree investment terms with the incubator. This may include the incubator acquiring an ownership stake (equity) in your business in return for its investment and support.
- Type
- Grant
- Amount
- Minimum $1 million in funding and investment
- Co-funding
- No business contribution required. Approved incubators invest at least $250,000 alongside the $750,000 repayable government grant
- How it's allocated
- Funding is limited and you compete with other applications for available funding
- Availability
- On-going
- Application effort
- Significant effort, several days to several weeks
Who this funding is for
This fund is for ventures working to commercialise deep technologies that need:
- investment
- research
- development
- Business type
- Deep tech, science or engineering-based
- Business size
- Less than five full-time employees (FTE)
- Business stage
- Early stage, before or early commercialisation
- Business goal
- Grow your business and export to new markets
What to know before you apply
This fund is only for ventures with a strong technology or research and development focus.
This fund is not for businesses with:
- low risk
- a short path to market.
Connect with a deep tech incubator through Callaghan Innovation , Callaghan Innovation
Find the right incubator for your venture and apply on the Callaghan Innovation website.
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