Displaying grants in Innovation
The Try, Test and Learn Fund: Tranche 2
Funding body: Australian Federal Government
Start date: 28/11/2017
The Try, Test and Learn Fund (the Fund) was announced in the 2016‑17 Federal Budget as an initial response to the Australian Priority Investment Approach to Welfare. Tranche 2 of the Fund will finance small‑scale trials of new or innovative approaches to support people at risk of long‑term welfare dependence. Tranche 2 has four priority groups but also welcomes ideas to support other groups proposed (and appropriately justified) by applicants.
The priority groups comprise Newstart Allowance recipients aged 50 and over (with a focus on those who have been out of the workforce for longer than 12 months); migrants and refugees aged 16‑64 and receiving income support; carers aged 16‑64 and receiving Carer Payment; and at‑risk young people aged 16‑21 and receiving income support.
This grant opportunity invites applications for small‑scale trials to provide services or supports to improve workforce participation or capacity to work for people at risk of long‑term welfare dependency. These services can be delivered anywhere across Australia. Tranche 2 grants will provide funding for both the co‑development and delivery of projects. Co‑development refers to collaborative activities to refine project design, for example through workshops with end users.
Trials supported by the Fund must generate useful evidence to inform future Government policy, including by producing measurable outcomes within a two‑year timeframe. Projects will be robustly evaluated to produce high quality policy evidence about what works, for whom, and under what circumstances. The evidence gathered will allow the Government to transform investment in existing programs or make the case for new investment
Minimum Viable Product NSW
Funding body: NSW Government
Minimum Viable Product (MVP) grants support promising pre-revenue startups to progress from proof of concept to a minimum viable product stage. The grants can help startups to engage with a potential business customer or channel to market and create innovative solutions that address industry needs or market gaps.
Grants of up to $25,000 is available to cover up to 50% of approved project costs.
Funding applications invited to deliver the Indigenous Girls STEM Academy
Funding body: Department of the Prime Minister and Cabinet
Eligible applicants are invited to submit applications for Indigenous Girls’ STEM Academy grant funding under the Indigenous Advancement Strategy.
Grant funding may be awarded as a one off payment or on a single year or multi-year basis depending on the final design and delivery of the Academy.
Grant funding is open to applicants that can demonstrate strong credibility in the areas of:
- STEM (Science, Technology, Engineering, Mathematics)
- Supporting Aboriginal and Torres Strait Islander students, including developing strong relationships with students, families, schools and communities.
- Corporate and philanthropic engagement and partnership.
- Processional and academic support.
- Cultural competency – Indigenous Businesses are encouraged to apply and/or form a role within partnerships/consortia for this process.
The Government has committed $25 million for the Academy, with an initial investment of $20 million in the 2017-18 financial year.
Scale Investors – a national network of 100 mainly female angel investors
Funding body: Scale Investors
To equip women to become successful investors whose wealth is enhanced through connection with, investment in, and support of women entrepreneurs in early stage businesses.
Scale is a female focused angel investor network. We were founded in Melbourne in March 2013 inspired by the US based organisation Golden Seeds.
Our founding members are women, but we welcome and include men who share our vision of maximising returns by supporting early stage businesses that value gender diverse leadership.
We require companies to fulfil the following qualifying criteria to be considered by Scale Angels:
- Female founder or woman at the executive level with significant equity and influence. We believe businesses that value gender diverse leadership teams achieve higher returns.
- Raising $100,000 to $700,000 capital from Scale Angels. Typically we will lead early stage rounds with valuations of less than $2m. We will consider joining syndicates for later, larger rounds.
- A scaleable product with proprietary features or channels to market that provide barriers to entry for competition and a business model with potential to generate $20m revenues in 5 years. If the business is pre revenue, a product roadmap reflecting identified client input.
- A commitment to achieving an exit for Scale Angels via a trade sale, MBO or PE exit within 5 years and the potential to realise 10x returns for Scale Angels.