Substantial interest from small business in round 1 of the Digital Grants was evident with the Department of Tourism, Major Event, Small Business and the Commonwealth Games (DTESB) reporting receiving 1,285 eligible applications from small businesses across Queensland. Competition for funding was high with $1,000,000 available for distribution in round 1.
The Round two application window is open from 8th March to 10th April 2017 and a further $1,000,000 is available for distribution. The Grants allocated are a maximum of $10,000, must be match funded by the business and eligible digital projects need to deliver into one of four priority areas:
- content development (web pages, mobile apps, visual and audio media etc.)
- receiving payments or selling online
- specialised digital technology or software (business specific)
- digital planning, marketing strategy development, and training.
There have been some changes to program eligibility for Round 2, with eligible businesses needing to have less than 20 employees at the time of application, have a turnover of no more than $2mil in the last 12 calendar months and have capacity to match fund the grant to deliver the project.
To submit an application for the Grant applicants need to provide the following details:
- a detailed quote for the digital technology or service for which you are seeking funding
- clear outline of how the digital technology or service will enhance the digital capabilities of the business and make the business more competitive
- detail outline of the impact the digital technology or service will have on the business, for example revenue growth, cost savings, time savings, employment outcomes
- a declaration of employee headcount
- confirmation and breakdown of your matched financial contribution.
Applications must be submitted by 10 April 2017 to be considered for the second grant round, each application is assessed on its merits with particular focus on the quantification of the impact of implementing the digital project to be partly funded under the grant. Feedback from DTESB is that round 1 applications were all considered on their merits and the order of application submission did not influence funding decisions. With a total budget of $6,000,000 for the Small Business Digital Grant program we expect additional rounds to open again in June and November 2017.
At Hanrick Curran we understand that submitting Grant applications can be confusing and time consuming. To assist, Hanrick Curran have Government Grant specialists who can help determine if the project and business is likely to qualify for the Grant and provide a fixed cost to project manage the lodgement of the Grant or use our experience to review the application to be submitted to improve the opportunity of funding.
To explore if your business will qualify for a Grant to implement your digital project please contact your usual Hanrick Curran advisor or alternatively speak to Angela Winton on 3218 3900, to schedule a complimentary Grant eligibility consultation.
Further information on the Small Business Digital Grant can be found here.
Please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice.