Accelerate INDIGENOUS Small Business Grants Program
Services provided by
Member of the Institute Management Consultants (IMC)
Mentor - Qld Gov't Mentoring for Growth Program
The Accelerate Indigenous Small Business Grants Program provides targeted assistance to small businesses that demonstrate high-growth and employment aspirations, to engage high-level expertise for their business.
Funding of up to $20,000 (excluding GST) may be provided to eligible businesses to engage business mentors, coaches, or an advisory board, for 6 to 12 months. The funding must be matched by a cash contribution from the participating business.
Two grant payments will be made directly to the business, with 50% paid on approval and a further 50% paid on successful completion of the project.
To be eligible the business must:
be an Indigenous business that is 50 per cent or more Aboriginal and/or Torres Strait Islander owned (applicants may be asked to provide confirmation of Aboriginality)
have a minimum trading history of 3 years
have a minimum turnover of $350,000
have a maximum headcount of 20 employees at the time of application
have an Australian Business Number (ABN)
have Queensland headquarters or significant Queensland operations
have competitive opportunities in domestic or international markets
be experiencing growth and have clearly defined high-growth opportunities
declare if any owners or directors of the business are, or have previously been, bankrupt or insolvent.
This grant is targeted at established Queensland-based small businesses that are financially sound and have the potential for high-growth over the next 1 to 2 years. High-growth is generally considered to be a 20% increase in turnover or employment.
The participant must have a business plan in place, and the capacity to access finance to fund the growth of their business.
Participating businesses will need to have a clearly defined opportunity and plan for growth, and demonstrate how engaging external advice will allow the business to achieve these goals.
IMPORTANT DATE - Applications are NOW CLOSED
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