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Small Business Entrepreneurship and Innovation Fund- now taking applications

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Wyndham City 15 Mar 2021

Applications are now open for Wyndham City’s Small Business Entrepreneurship and Innovation Fund.

This annual program has been specifically designed to support very young businesses and start-ups that demonstrate a high level of innovation and entrepreneurship.

The program is also for more established businesses that are not only innovative but seeking to scale up and/or diversify their operations to grow existing markets and/or penetrate new markets.

Wyndham City’s Future Focused Economy Portfolio holder, Cr Mia Shaw said the Small Business Entrepreneurship and Innovation Fund is building employment opportunities and providing local jobs for local people which is at the very heart of Wyndham City’s Economic Growth Strategy.

“While the intent of the program is to support businesses; equally important are the flow on impacts of such growth including the creation of new jobs,” said Cr Shaw.

“After the past year we have experienced, grants like these have an even higher importance due to recent economic impacts of COVID-19.”

“Total funds allocated to this competitive based program is $200,000, with applicants nominating for funding allocations of $2,000, $5,000 or $10,000; with the requested level of funds taking into account the extent of the proposed project.”

Eligibility For the purposes of Wyndham City’s Small Business Entrepreneurship and Innovation Fund businesses which meet the following business structures may apply:

non-employing businesses - sole proprietorships and partnerships without employees; micro businesses - businesses employing 5 people or less; either fulltime, part time or a combination of fulltime and part time

To be eligible for funding, the applicant must be a business that:

has its principal place of business within Wyndham; has a current, active ABN; is compliant with all relevant local, state and federal legislation.

The Small Business Entrepreneurship and Innovation Fund opens on Friday 12 March with applications received up until 5.00pm 29 March. For more information visit: https://www.wyndham.vic.gov.au/services/business-investment/business-support-during-covid-19/small-business-entrepreneurship

Source: Wyndham City : Small Business Entrepreneurship and Innovation Fund- now taking applications
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