There may very well be some inventor assistance available to help entrepreneurial inventors start a small business around their creations. The Australian government seeks to encourage and support innovation because of the many benefits inventors or new products and services bring to the economy by increasing the country’s ability to compete in both domestic and international markets. This means providing different types of inventor assistance . The Australian government inventor assistance could appear in the form of small business funding for starting a business that revolves around a new product, or it could be research and development financing or tax benefits, both of which are fairly common so far as Australian government funding is concerned. Not every invention will qualify for small business financing, for any number of reasons. You may have a good invention, but you may not be able to illustrate how you can profitably commercialize it in such a way that it can be the foundation of a successful and sustainable small business.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.