Yes there are millions of dollars of government funding for new businesses in terms of government grants.
For further reference please check the link as this is an excellent source of information relating to grants.
Increasing government funding of research
There are number of scholarships available to international students through the University of Canterbury and the New Zealand Government. funding for 2012 by more than a
The most important issues facing the new federal government were leadership and financing. As a new government, finding the right government was a difficult task. Funding this new government was also difficult without imposing taxes and meeting resistance.
supporting new businesses anti trust legislation
A government can restrain monopoly power by imposing restrictions such as price-capping, making sure that competing businesses are supported and encouraging new businesses.
a local government
Block Grants: Block grants leave it up to the grant receiver (for example, a US State from the Federal Government) to decide what to do with the money. Categorical Grant: Categorical grants are granted to the receiver (for example, a US State from the Federal Government) for a specific project or projects. Many times these projects include interstate (road) funding, education funding, or state job funding.
subsidies
all privately owned businesses were given up to the government
Established businesses must make way for new ideas.
a decrease in the amount of money collected
The goal of economic development agencies is to retain existing businesses, attract appropriate new businesses, and help them grow. These agencies act as a facilitator, bringing together businesses, government agencies, and other resources.