Accelerate INDIGENOUS Small Business Grants Program

Services provided by

Geoff Neil

 

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.

Available funding

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.

 

Eligibility criteria
To be eligible the business must:

  1. 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)

  2. have a minimum trading history of 3 years

  3. have a minimum turnover of $350,000

  4. have a maximum headcount of 20 employees at the time of application

  5. have an Australian Business Number (ABN)

  6. have Queensland headquarters or significant Queensland operations

  7. have competitive opportunities in domestic or international markets

  8. be experiencing growth and have clearly defined high-growth opportunities

  9. 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

WANT TO KNOW MORE ?

Call us now on 0422 040 956 or Contact Us or Email Us and we will contact you to discuss your situation, eligibility, and how we can help.

 

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