Eligibility

Applications for Tomorrow Studio tenancy are limited to businesses that:

• Are primarily operating in the digital media industry.
• Are seeking commercial opportunities involving digital media products or services for local or global markets.
• Are registered in South Australia and are non-tax exempt businesses.
• Have an Australian Business Number (ABN) and registered for GST, or prepared to become registered for GST.
• Can provide a basic business plan addressing commercial viability with evidence to support their view of the potential viability and continued growth of the business idea.

Rent subsidy

A rental subsidy is also available to eligible start-up businesses that have not received previous Government rental assistance.

A “start-up” business is generally defined as a business earning revenue for less than three years to the date of application.

An “established” business is generally defined as a business earning revenue for more than three years to the date of application and will not be eligible for rental subsidy.

The rental subsidy is provided as follows:

• Year 1 of tenant occupancy, eligible start-ups will receive a subsidy of 80% of rental (including GST) not inclusive of shared cleaning and utilities expenses.
• Year 2 of tenant occupancy, eligible start-ups will receive a subsidy of 50% of rental (including GST) not inclusive of shared cleaning and utilities expenses.
• Year 3 of tenant occupancy, eligible start-ups will receive a subsidy of 20% of rental (including GST) not inclusive of shared cleaning and utilities expenses.