Grants
Thread Grants
Over 27 years I have helped companies access millions of dollars in grant funding. Australian governments award billions of dollars in grant funding each year. Thread has experience across all industry sectors, having liaised with relevant State and Federal departments for ongoing evaluation and feedback during the application process.
Many companies don’t know how to access these funds and find the process too complex to pursue. Grants are competitive - prospective in nature - with no guarantee of success. So it is critical to thoroughly prepare for the opportunity or look to alternative funding options early on, rather than pursue dead ends.
Importantly, Thread can integrate a grants review with R&D services to address overlapping legislation such as “clawback” requirements.
Thread's grant offering can include:
- Matching current / future funding opportunities to your projects
- Preparation, drafting, editing, review of grant documentation
- Management assistance for the grant review process
- Milestone reporting review and preparation once the grant is awarded
- Discretionary funding applications: Direct government approach – for national reach or significant economic benefit projects
- Manage business projects to deliver defined, measurable outcomes
- Scale-up assistance across project life-cycle
Key Success Factors
Common grant characteristics:
- Highly competitive
- Grants are prospective, so prepare and submit early, before you spend money on the project
- Grants often take time to lodge and months to award
- Significant grant amounts usually involve extensive preparation
- Cost-benefit analysis is mandatory before you burn too much time or money
- Understand the key eligibility threshold requirements
- Beware the 'need for funding' requirement and need to co-fund the project
- Beware potential jobs and employment criteria
- Do you have a track-record of business success?
- Have you considered a discretionary funding request?
- Beware clawback of your R&D tax claim