Rebates for NSW technology businesses for rental and fitout costs within Tech Central

Overview

This program aims to support technology businesses that are in the scale-up phase to grow or establish their business within Tech Central. The Tech Central target area is considered to be the zone within 500 m of 2 Lee Street, Haymarket.

Eligible applicants can get a 40% rebate on rental expenses up to $600,000 per annum for the first 2 years and up to $300,000 in the third year. They can also apply for a 30% rebate on eligible fitout expenses up to $440,000.

What are the eligibility criteria?

To be eligible, your businesses must be a scale-up technology business expanding within the target area that:

• develops and commercialises new technology as part of their core service or product offering
• employs at least 10 full time equivalent roles within NSW
• be generating revenue from core services or products and have achieved an average growth of 20% or more in either employment or revenue year-on-year, for at least 3 years immediately prior to applying.

Additionally, applicants must:

• be an incorporated company
• have an Australian business number (ABN)
• be registered for goods and services tax (GST)
• have an account with an Australian financial institution.

How do you apply?

Find out more about eligibility and how to apply at Tech Central Scale Up Accommodation Rebate.