Businesses and organisations can now apply for X-TEND WA funding at any time during the year!
X-TEND WA is a competitive co-investment grants program, investing in organisations that deliver initiatives to assist and support the WA Innovation Ecosystem.
The X-TEND WA program is part of the State Government's $25.8 million New Industries Fund (NIF).
“The State Government has committed $16.7 million to the NIF over four years (2021-2025) with an additional $9.1 million provided for 2023-25 to support the State's Innovation Strategy and Innovation Action Plan,” Innovation Minister Stephen Dawson said.
“Successful recipients of the previous round were announced last month and included nine investor and entrepreneurship education programs who are set to receive over $680,000 in funding.”
This incredible program aims to accelerate new and emerging businesses, supporting projects that build entrepreneurship, innovation and commercialisation.
X-TEND WA now offers funding for initiatives which provide broader ecosystem support, as well as entrepreneurial capability and investor education.
This new stream intends to encourage co-working spaces, entrepreneurs in residence, incubators and innovation hubs that educate and build networks in Western Australia and promote a more diverse and inclusive innovation ecosystem.
Applications will be particularly welcomed for initiatives that aim to improve entrepreneurial and investor education for regional, female and indigenous entrepreneurs and innovators.
An evaluation panel will meet twice yearly to review the latest applications giving applicants two opportunities for funding.
“Giving entrepreneurs, founders and investors the opportunity to apply for X-TEND WA on their own time means they aren’t in danger of missing a funding window,” said Innovation Minister Stephen Dawson.
The outcome is the potential to build successful, sustainable and scalable businesses and confident investors.
The Program funds organisations that deliver innovator and/or investor high value educational programs that support the development of entrepreneurs and stimulate private investment in innovative projects in Western Australia.
Learn more and apply here.