The Queensland Government have launched a new Small Business Digital Grant aimed at assisting small business in funding new digital technology and matching the funds up to $10,000 ex GST.
The Small Business Digital Grants Program provides small businesses with access to digital technologies and services to enable them to work smarter, engage with the global economy and make the most of the online business opportunities arising from digital disruption.
Matching funding of up to $10,000 (excluding GST) may be provided to eligible businesses for the purchase of hardware, software and services (such as digital coaching). The business must show that the digital technology or service purchased and adopted will enhance the digital capabilities of their business and help them to be more competitive and employ more staff.
Up to 20% of the applicant’s co-contribution amount can be an in-kind element for their personal time being trained in new technologies.
The digital technology or service must fall under one of five identified priority areas:
- digital marketing and social media
- digital content (web pages, mobile apps, media etc.)
- receiving payments or selling online
- specialised digital technology or software (business specific)
- digital planning and advice/training.
To be eligible the business must:
- have fewer than 20 employees at the time of applying for the grant
- have an Australian Business Number (ABN) and be registered for GST
- have Queensland headquarters or significant Queensland-based operations
- declare if any owners or directors of the business are an undischarged bankrupt or insolvent.
- The participating business must provide a project report on completion of the project detailing how the funds were spent and the impact it has had on the business.
Round 1 opens on 8 November 2016 and closes 9 December 2016.