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ARTICLE · 25 DECEMBER 2014

Final revision of Entrepreneur Infrastructure Program and grant funding released

The grants aim to improve Australia's manufacturing skills and open the door to start-up and non-manufacturing companies.

AustraliaAccounting and Audit

Whilst the final revision was expected to be released on 1 December 2014, the announcements made on 1 November now appear to be the final version of the new Entrepreneur Infrastructure Program and its related grant funding.

The latest announcements included:

  • Accessing Commercialisation grants;
  • Extending the supply chain facilitation program; and
  • Wider Business growth services.

The grants continue to be aimed in improving Australia's knowledge base and manufacturing skills and this round opens the door for start-up and non-manufacturing companies. With the R&D tax concession deadline fast approaching and the EMDG program just closed on 30 November, we will take a closer look at the accelerating commercialisation program. It may be that you can claim your tax rebate on R&D costs AND reimbursement of export market development costs PLUS get some funding for the next stage of your product commercialisation. Even up to $1M over a maximum 2 year project period.

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