Dennis,
COMET doesn't cover what the government would consider operational
costs ('inhouse running expenses') or marketing costs ('international
travel').
There are grants that assist with international marketing (EMDG
grants) which reimburse you a % of your costs in arrears.
COMET covers market research, development of a prototype and proof of
concept (which was useful in my case because my technical resources
are a contracted third party) and IP protection.
And management skills training etc.
You get to negotiate which ones you go for, and the split between
them, with your COMET advisor who gets 1% of any funds you raise
(capped at $100K) for 2 years, I think.
The best way to get assistance with operational costs is through the
R&D Tax Concession.
You can claim it if you're doing R&D, and if you have $20K or more of
costs in a year.
You don't have to be paying tax/profitable to claim a % of your "R&D
spend".
It's about 33%, I think.
You can claim salary, rent, equipment, interest costs, IP such as
patents you purchase in order to further develop / commercialise etc.
And there's a different program and different rebate level for tax-
paying companies.
John Haining of MJA & Associates may be able to help, but I think they
operate mainly with grants & tax concessions for larger R&D projects
at the big end of town.
But John's very approachable and will soon tell you.
Cheers,
Andrew.
On Jul 1, 9:08 pm, Dennis <deniss.su...@gmail.com> wrote:
> Hello,
> Is COMET the program that supposed to help you to kick start your
> startup? If that's the case then how would you apply if it doesn't
> support "research and development and production expenses", "in-house running
> expenses (e.g. accounting fees, office expenses)", "international
> travel incurred by the customer."? It's a bit confusing...
|
