Incentives & Programs
Incentives, grants and programs for businesses
Invest Wollongong can provide you with advice on the various grants, incentives and programs available to businesses who are in Wollongong or planning to move their organisation here.
Below are some of the programs that we can help you with — including providing advice and assisting with applications.
State Government Grants and Programs
- Boosting Business Innovation Program (BBIP) — this program can give Wollongong based businesses with access to research organisations, such as the University of Wollongong, with the objective to help with economic growth.
- TechVouchers — organises research collaboration between SME’s in NSW and BBIP delivery partners. The Advantage SME initiative at our city’s very own University of Wollongong is a part of this program.
- Minimum Viable Product Grant – designed to support promising startups with the funds needed to progress from a proof of concept stage to a minimum viable product.
- Business Connect — provides tailored and dedicated advice to help you start or grow your small business in Wollongong.
- Easy to do Business — a free NSW Government program to assist new businesses navigate the process of establishing or help existing businesses to expand.
To view the full list of incentives, grants and programs available visit the Invest NSW, the Federal Government website or Austrade’s export grants website.
“UOW has a steel hub, which is a research institute or part of a research center that we use for our R&D and our R&D team integrate very closely with the UOW.”
— Justin Suwart, Business Manager, Bisalloy Steels
Australian Government Grants and Programs
- Research and development tax incentive — an initiative by the Australian government to stimulate Wollongong businesses to invest in research and development (R&D). Tax offsets are available of 38.5% or 43.5% for costs that are incurred on eligible activities.
- Business.gov.au — this website gives scale-ups and businesses a large list of all grants and support programs to help your business grow in Wollongong. It also provides local businesses with advice on compliance with government requirements.
- Entrepreneurs’ Programme – this unique program connects experienced business advisers and facilitators from local and international industry with Wollongong businesses with the objective to analyse the current state of the business, and give the best advice and support to improve competitiveness, productivity and to seek new growth opportunities.
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