Recently, Dr Richard Wraith, Partner and Head of Innovation & Grants at Matthews Steer, shared practical insights with local entrepreneurs on how Australian businesses can access funding to support innovation and growth.
Speaking directly to founders at a business and entrepreneurship event in Melbourne, Richard outlined the wide range of government programs available to help businesses develop new technologies, improve products and processes, and scale into new markets. These programs, including grants and the Research and Development (R&D) Tax Incentive, can provide valuable financial support for companies investing in innovation.
The session explored how businesses can navigate the funding landscape and position themselves for successful applications.
Funding Growth Through Innovation
For many Australian businesses, growth is closely linked to innovation. Whether that be through developing new products, improving manufacturing processes, building software platforms, or exploring new technologies.
Programs such as the R&D Tax Incentive are designed to encourage businesses to undertake research and development activities by offsetting some of the associated costs. The incentive is one of the Australian Government’s key mechanisms for supporting innovation and helping companies remain competitive globally.
Alongside the R&D Tax Incentive, a wide range of federal and state grants can provide funding for activities such as:
- Commercialising new products or technologies
- Expanding into export markets
- Improving manufacturing capability
- Investing in sustainability or advanced technologies
Understanding which programs are available and how to prepare a strong application is often the biggest challenge for businesses.
Expert Support with Grants and R&D Tax Incentives
At Matthews Steer, our dedicated Innovation & Grants team works closely with businesses to identify funding opportunities and guide them through the application process.
Led by Dr Richard Wraith, an R&D funding specialist with more than 15 years of experience, the team has helped businesses secure funding across industries including manufacturing, technology, engineering, health sciences and software development.
Our team combines technical expertise with commercial insight to help businesses:
- Identify relevant government grants and funding programs
- Prepare compelling grant and R&D tax incentive applications
- Navigate eligibility and compliance requirements
- Align funding opportunities with long-term growth strategies
With the right guidance, government funding programs can become a powerful tool to accelerate business innovation and growth.
Supporting Australia’s Innovators
Events like this highlight the growing interest among entrepreneurs, scale-ups and established businesses in funding innovation.
As investment in research, technology and product development continues to drive competitive advantage, understanding how to access grants and R&D tax incentives is becoming increasingly important for Australian businesses.
Speak with an Innovation Funding Specialist
If your business is developing new technology, improving products or processes, or investing in research and development, you may be eligible for government funding.
To explore the grants and incentives available to your business, speak directly with Dr Richard Wraith and the Innovation & Grants team at Matthews Steer.
Call 03 9325 6300 or contact us to arrange a confidential discussion about your funding opportunities.
