The Innovation Booster Grant (IBG) program is closed for 2024, until further notice in 2025.
About
The Commercialisation Bridge Grant (CBG) is a competitive Western Australian government grant, funded through the $25.8 million New Industries Fund.
Launching for the first time in 2023-24, the CBG has been designed to assist WA innovators in bridging the gap - the so-called ‘Valley of Death’ - between a commercialised innovation and a sustainable, scalable business, creating more jobs and economic diversification for Western Australia.
While the CBG program is open all year round, there are various ‘cut-off dates’ when the latest submissions will be downloaded, and then assessed.
Submitted applications cannot be changed after this date. If your application is not ready for assessment, simply continue working on it, without pressing ‘submit’.
About the Grant
Show moreThe WA Government recognises that innovative startups and small businesses have great ideas, but taking these ideas and turning them into new and sustainable, scalable business opportunities with real commercial outcomes can be difficult.
A typical startup/ small business who 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 ‘break through growth’, (but has the potential to do so).
Aims of the Grant
Show moreThe aims of the CBG is to assist founder(s)/teams in:
-
Western Australia who have been developing their innovation-drive business for at least a few years, have 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; and
-
Creating jobs, developing new industries and assisting in the diversification of the WA economy, as per the Diversify WA framework.
Other grants
Show moreIf your project is not yet commercialised, and needs early development work, testing or commercialisation services, then another grant, such as the Innovation Booster Grant (maximum $40,000) might be more suitable. Other grants are also available from local, state and federal government agencies.
