Western Australian Venture Support (WAVES) 2022–2025


The WAVES pilot program supports venture funds that are established in Western Australia for the first time, and/or existing funds in other Australian states that physically locate an employee in WA for the first time.
Closed

The grant is no longer available

What do you get?

Funding of up to $100,000.

Who is this for?

Early venture funds.

Overview

The WAVES program aims to attract:

  • new early stage venture funds to headquarter/establish an office in WA and invest in WA-owned and early stage innovative companies, and/or
  • existing Australian early stage venture funds to place an active on-the-ground presence/representative in WA to focus on investing in WA-owned and early stage innovative companies.

Preference will be given to new venture funds that set up and operate in WA and invest a majority of their funds into WA-based early stage, innovative companies and scalable small to medium enterprises (SMEs).

Check if you can apply

To be eligible, applicants must:

  • have an Australian business number (ABN) or Australian company number (ACN)
  • be a registered early stage venture capital limited partnership or similar entity
  • set up and be headquartered in WA with the intent of investing in WA's early startups and scalable SMEs
  • be a legal entity that can enter into a funding agreement with the WA government
  • be a solvent Australian-based non-government fund.

Applicants may also be eligible if they either:

  • intend to set up such a venture fund with the expectation of being operational during the 2022–23 financial year and beyond
  • are an established fund located in Australia, placing an employee in WA for the first time.

Apply now


Apply for the Western Australian Venture Support (WAVES) 2022–2025

Find out more about your eligibility and how to apply.

Contact information