The VC’s generally have huge funding capabilities and they look out for high ROI or huge potentials.
VC’s normally take equity in the startups, you might want to take that into consideration.Funding rounds led by VC investment can be huge.
2) Crowd Funding & Equity crowdfundingEquity crowdfunding legislation was given the green light in Australia in March 2017, allowing individuals to invest small amounts into companies for small amounts of equity.Many of the startups are opting in for the equity funding and they consider it to be a good alternative, but you might want to take into consideration getting your startup into private company might come with some complications at the same time this is a great way of allowing your customer to be part of your journey.Last year, cinema ticket startup Choovie embarked on a campaign to raise $700,000, with founder and chief Sonya Stephen saying the idea was “to get our fabulously loyal customers to become shareholders".In 2016, Melbourne headphone startup Nura completed the most successful Australian Kickstarter campaign ever, securing $2.5 million from almost 8,000 backers.Now, Nura is a fully-fledged and well-funding startup, raising $21 million in an oversubscribed Series A round in November last year.In 2017, Aussie product design startup Orbitkey ran four campaigns on Kickstarter, raising a total of $1.5 million for its flagship keyring product designed to make it easier to carry multiple keys at once.We would recommend you to approach https://readyfundgo.com/ as they are expert people in helping you to get those funds across and help your startup with the required fundings.3) Government GrantsAustralian Government is supporting the startups by proving various grants to boost their morale and provide with motivation to start something exciting.
The Entrepreneurs’ Programme, which replaced Commercialisation Australia and the Innovation and Investment Fund in 2014, aims to help businesses increase productivity and competitiveness with funding and access to a national network of private-sector advisers and facilitators.CSIRO Kick-Start: Startups and SMEs keen to partner with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) in research activities can get up to $50,000 in matched funding to help them further develop and grow their business.
It aims to further drive Australia’s innovation output by supporting local startups “on their way to becoming Australian success stories".Austrade Landing Pad: This initiative aims to give Australian startups a leg-up in the global market by immersing them in one of five world-class innovation hubs.
Startups accepted into Landing Pads in Singapore, Berlin, Shanghai, Tel Aviv or San Francisco benefit from an on-the-ground presence in these markets plus access to their networks, talent, mentors and investors.Biomedical Translation Fund (BTF): The Biomedical Translation Fund (BTF) was established by the federal government as part of the National Innovation and Science Agenda in December 2016, and was fuelled with $250 million of Commonwealth capital and an additional $250 million of a private sector capital.