Three piles of gold coins with progressively large trees growing from them

The Impact Investment Ready Growth Grant provides impact businesses and mission-driven organisations with grants of up to $100,000 for business, financial, legal and other capacity building support from providers to secure investment. Applications open soon for the next grant round.

Who can apply?

The key eligibility criteria for grant applicants are:

  • Your organisation is based in Australia
  • Your organisation has a mission at its core that aims to solve a social and/or environmental problem
  • You have a sustainable and validated business model and a solid track record with the product/service you are planning to scale
  • You are planning to raise equity and/or debt financing within the next year
  • You are planning to use the grants funds to pay for external capacity building support that helps you to raise capital

What Growth Grants fund

All grant funds must be used to pay for capacity-building services from external intermediaries (Providers) that are directly related to your investment readiness and securing capital. The support financed by the grant must get you all the way to your capital raise.

The support needed is largely dependent on the characteristics of your organisation, but often includes:

  • Financial modelling and preparation of the investment case
  • Preparation of term sheets, legal documentation and information memorandum
  • Review of the organisation’s constitution and legal structuring
  • Liaison with and introductions to investors

Growth Grants do not fund:

  • Costs for ongoing operations of your organisation and overhead costs (e.g. rent, insurance, wages, admin)
  • Product trials, clinical trials, MVP-stage
  • Marketing, branding and customer acquisition
  • Developing your business plan and strategy
  • Retrospective funds (support for activities which have already taken place)
  • Travel costs (e.g. investment roadshow)

Applications open: 1 September 2017

Applications close: 30 September 2017

More information

Apply online

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