Applications for the Amazon Launchpad Innovation Grants fare now open with five grant packages up for grabs.
Each package is worth more than $80,000 and includes a $20,000 cash grant, Amazon marketing support, AWS Activate credits, and exclusive access to mentors such as Amazon leadership and entrepreneur experts from Australia and HQ in Seattle; time with successful e-commerce savvy Australian SMBs; and insights from angel investors in the venture capital community.
Chadd Ciccarelli, Head of Launchpad at Amazon Australia said that the recently released Amazon Launchpad Innovation Report revealed that more than a quarter of SMBs (29%) identified a lack of available funding is the biggest barrier to innovating or growing the business for the remainder of 2020.
“More than half (55%) lacked guidance or mentorship during this time. We hope that the new Amazon Launchpad Innovation Grants will catapult a new wave of small businesses who have evolved during this time to continue creating and transforming products,” he said.
Amazon Launchpad Innovation Grants applications close on Monday, August 24, at 11.59pm. Applications can be found at Amazon.com.au/launchpad.
The five Amazon Launchpad grant recipients will be announced in September 2020.
Ciccarelli recently joined us on Startup Daily on ausbiz, to tell us more about the Amazon Launchpad Innovation Grants. You can watch below.