GRANT PROGRAMS
Did you know there are multiple grant programs specifically designed to help Australian defence sector SMEs to access funds and build both capability and capacity?
De Stefano & Co can support your SME to identify grant programs that suit your business needs, crafting highly professional applications which provide you with the highest likelihood of winning the grant funds.
Information on the three major grant programs available to SMEs operating in the defence industry is listed below. A fourth grant program we assist SMEs in accessing is the Export Market Development Grant (EMDG). This program is available to SMEs from any industry.
For further details about each of the grant programs and to check your eligibility, click on the links below:
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Sovereign Industrial Capability Priority (SICP) Grant
This competitive grant program aims to provide eligible Australian SMEs with up to $1 million for projects that will build sovereign industrial capabilities aligned to Defence’s priority sovereign industrial capability priorities. Projects include purchasing, installing, leasing or commissioning of capital equipment, facility upgrades, software infrastructure, cyber security, training and development, etc.
Find out more.
Read our SICP Client Success Story.
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Defence Global Competitiveness Grant (DGCG)
The Defence Global Competitiveness Grant program aims to build the export capabilities of Australian defence sector SMEs as the government works towards making Australia a top-ten global defence exporter. Grants of up to $150,000 will fund a range of export related activities for SMEs, including seeking international accreditations and procuring capital items which make them more competitive in export markets.
Find out more.
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Export Market Development Grant (EMDG)
The Export Market Development Grant (EMDG) program provides financial support for eligible Australian businesses to start or expand their export markets. As of 1 July 2021, the original EMDG reimbursement scheme has became a grant program, providing upfront funding certainty through a grant agreement (of 2 or 3 years), allowing applicants to plan promotional activities with confidence.
Find out more.
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Skilling Australia's Defence Industry (SADI) Grant
The Skilling Australia’s Defence Industry (SADI) Grants Program will provide grants to businesses to help develop defence sector skills and human resources practices and training plans to meet current or future Defence needs. Grants of between $5,000 and $500,000 will be available, covering up to 100% of eligible project expenditure (a COVID recovery support initiative). As of 7 April 2022, the program includes an additional $20.3 million of funding and has been extended until March 2026.
Find out more.
While the above grant programs are the most popular we work with, there are several other State and Federal Government grant programs available to SMEs which may be a better fit for your business.
If you would like assistance with a grant program not listed here, please get in touch via the contact form at the bottom of this page.
Why use De Stefano & Co?
Our team has over four decades of experience working in the defence industry and internationally in accessing export markets. We live and breathe business case development, detailed financial modelling, market analysis and everything else that it takes to write a successful grant application.
We undertake detailed due diligence, free of charge, before we agree to take on any engagement. Unless your particular case stacks up and we believe in it, we won’t take it on. For this reason, we enjoy an unrivalled success rate in helping our clients win grant funds.
If you’d like to talk to us about supporting your business in accessing a grant, please complete the form below, providing as much detail as possible about the grant program and your business need: