Startup
Assisting startups access innovation funding to accelerate growth
MJA: Your Startup’s Trusted Partner in Innovation Funding
MJA has assisted thousands of Australian startups obtain maximum value from government innovation programs including the R&D tax incentive, ESIC and innovation grant programs. From the outset, we can help you ensure that your company structure and business records are aligned with the requirements of the innovation funding programs, including the R&D and ESIC tax incentives and innovation grant programs aimed at helping companies through the early years to deliver innovative solutions to complex technical problems.
The R&D Tax Incentive encourages Australian businesses to invest in research and development. It provides a tax offset for eligible R&D expenditure, which can either reduce your tax liability, and for startups with little or no revenue, this can often result in a cash refund. This funding can then be reinvested to provide further runway for targeted research and development that will further drive the growth of your business.
MJA can assist you in establishing gold standard record keeping processes to ensure that you are capturing the right information, and we assist you in navigating the complexities of the program so you can be confident you are meeting the requirements of the program.
Startups are often seeking external investor funding to accelerate the growth of the business and facilitate the development of their technology. Investors can take advantage of the Early Stage Innovation Companies (ESIC) tax incentives that are designed to encourage investment tech startups. MJA’s ESIC consulting services are specifically designed to help potential Early Stage Innovation Companies determine whether they are able to meet the initial requirements and guide them through either the 100-point innovation test or the principles-based test, lodging a Private Ruling Application on your behalf.
Having a Private Ruling on the eligibility of your company as an ESIC gives certainty to your investors that they can access the favourable tax treatment on both acquisition and subsequent sale of complying shares in your startup.
The Federal and State governments offer grants to assist startups undertake R&D and to commercialise new products. These grants are mostly aimed at the technology sector, particularly those companies providing enabling technologies for the priority sectors identified in the National Reconstruction Fund (NRF) program, which includes the Industry Growth Program Advisory Service and grants. Technologies of interest include value-add in resources and agriculture, transport, medical science, renewables and low emissions technologies, defence and advanced manufacturing.
With decades of expertise, MJA consistently delivers top-tier submissions for grant programs, boasting exceptional success rates.
Empowering Startups for Sustainable Growth
MJA empowers startups to achieve sustainable growth by leveraging industry expertise, financial incentives, and a forward-thinking approach. By helping startups secure R&D and ESIC tax incentives and grants, we can assist you in building long-term growth strategies to enable financial stability and scale up. With deep knowledge and expert insight, MJA offers valuable advice on improving record keeping that align with program objectives, ensuring your funding strategies are delivering maximum value, and helping you maintain your innovation impetus in a competitive market.
Get Started with MJA Today!
Contact MJA to see how your startup can benefit from government innovation funding to accelerate your growth strategy.
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