Seed-Start Program is sponsored by Government of South Australia's Research and Innovation Fund. This program provides financial support for early-stage and high-growth potential businesses in South Australia.

Seed-Start | Department of State Development Supporting commercialisation of innovative, early-stage SA startups The Seed-Start program equips innovative, early-stage South Australian startups with grant funding to support the commercialisation of an innovative product or service. The product or service must be unique and demonstrate a sustainable competitive advantage in national and international markets.

Funding is available through a competitive grants program to high growth potential businesses, to assist with the costs of delivering a clearly defined project that will generate significant benefits such as revenue growth, export income, local employment or other social benefits to South Australia. Seed-Start offers two funding options based on a business’s stage of development.

Level Type Seed Grants Grant funding: Minimum grant: $50,000 Maximum grant: $100,000 Matched funding: At least a 2:1 basis ($2 Government to $1 Applicant) Funding period: Up to 2 years maximum An applicant must commit the required matched funding as a cash contribution towards the costs of the proposed project.

Level Type Start Grants Grant funding: Minimum grant: $100,001 Maximum grant: $500,000 Matched funding: At least a 1:1 basis ($1 Government to $1 Applicant) An applicant must commit the required matched funding as a cash contribution towards the costs of the proposed project.

Seed-Start eligibility criteria To be eligible an applicant must: be based in South Australia be a company incorporated in Australia with an active Australian Business Number (ABN) be a non-tax-exempt business be registered for Goods and Services Tax (GST) have an average annual net sales revenue of less than $2 million over the three financial years prior to lodgement of the application.

Read the Seed-Start Guidelines in full before proceeding with the application process.

Examples of projects previously funded under Seed & Start – RIF include: Ping Services, now Eologix-Ping , completing an optimised design of their device for monitoring wind turbines to detect potential failure and embarking on field trials with customers Teamgage expanding their local software platform, which aims to drive continuous improvement in organisational culture, into global markets Updated guidelines are now available for download.

Foil Drive leveraging Seed-Start for success South Australian startup Foil Drive is capitalising on the growing popularity of ‘foil surfing’, manufacturing the world's only retrofit battery-powered motor system. A $100,000 Seed-Start grant is helping this business develop a new and improved version of their Foil Drive Assist Kit – accelerating their progress from product prototype to market.

Foil Drive CEO Paul Martin said Seed-Start allowed us to invest in more manufacturing hardware, additive manufacturing and specialised staff within SA. “This allowed Foil Drive to bring more processes and manufacturing in house and become more vertically integrated. This has allowed us to be more self sufficient in an uncertain world where relying on overseas manufacturing for everything isn’t wise,” Mr Martin said.

“Foil Drive is proud to be a local manufacture and employer that sells its product globally. ” Research and Innovation Fund The Seed-Start Program is part of the South Australian Government’s Research and Innovation Fund (RIF), which exists to enable greater collaboration between research and industry to deliver widespread economic benefit for our state.

Through the RIF, our department can leverage state, Australian Government and private investment to support industry and research projects, events, and other initiatives designed to increase South Australia’s research and innovation capabilities. Get help navigating opportunities There are experienced DSD team members available to support your growth ambitions.

Whether that be help with workforce development, navigating government and other support programs, connecting with peers and industry leaders, or the adoption of new technologies. statedevelopment. sa.

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