20K Grant Up for Grabs for WA Businesses
The Western Australian State Government is giving WA small-to-medium enterprises (SMEs) the opportunity to secure up to $20,000 through the Innovation Vouchers Program (IVP).
The grant is poised to help SMEs invest in professional skills and services that advance their ideas.
In 2019, 15 vouchers were awarded to WA SMEs across a wide variety of sectors. This gave them a much-needed leg-up to transform their great ideas into products that could generate income and create local jobs, according to Innovation and ICT Minister Dave Kelly.
“The WA Government recognises that SMEs have great ideas but that it can be difficult taking these ideas and turning them into sustainable business opportunities with real commercial outcomes,” Minister Kelly said.
“The Innovation Vouchers Program is designed to help innovators overcome some of those hurdles on the path to commercialisation.”
Using the grant in 2019, Malaga-based protective equipment firm Protective Innovations was able to develop a marketing strategy for its products. The firm has since grown from three to 10 employees.
2018 IVP participant Jandakot-based Electro. Aero used its $20,000 voucher to develop a propulsion system for sustainable aviation, named Prototype ElectrDuct115. The firm has now submitted a patent for the system, secured several domestic and international customers, and grown from six to nine employees.
Applications have opened in the 2020 round of the IVP. Applications close on March 25, 2020. For more information, visit http://www.newindustries.wa.gov.au.