Program offers to match business investments in new hardware, software, digital services and training.
Are you based in Queensland and looking to buy a new piece of hardware, software or online service to help give your business a boost?
If so, the state government is looking to help through a new grants program that offers to match your investment on new digital technology up to the value of $10,000 (excluding GST).
The Small Business Digital Grants Program is open to all businesses in all sectors across the Sunshine State with 20 employees or less that have a valid ABN number and are registered for the GST.
Around 200 businesses in total will be awarded with funding in each round of the program.
The grants provide matched funding for the purchase of new business-specific hardware and software, as well as digital marketing and social media, new digital content (including web pages and mobile apps), e-commerce platforms, digital planning and training costs.
Up to 20 percent of the business’ co-contribution can be made up ‘in kind’ through the personal time spent being trained in using the new technologies.
The funds can only be used for new purchases – meaning that the costs of maintaining existing technologies or web hosting costs can’t be claimed – and all purchases have to be made within three months of when the business receives the grant.
As part of the application process, businesses will need to provide a detailed quote, explain how the digital technology or service will boost their digital capabilities and make their business more competitive (including revenue growth, cost savings, time savings, employment).
They will also need to provide a detailed headcount and a breakdown of their matched contribution costs.
The applications will be judged based on whether the purchase will make the business more competitive, create new jobs, and offer good value for money.
Successful applicants will be notified within two months, and will also be required to provide proof of payment for all products and services, as well as fill out a short survey a year after they receive the grant.
The program is being delivered through the Office of Small Business (OSB), in conjunction with the Department of Tourism, Major Events, Small Business and the Commonwealth Games (DTESB).
The grants are one of a number of Queensland government incentives open to startups and small businesses, with one recently closed program offering local entrepreneurs a free China study trip.
Applications for funding close December 9, with further rounds expected in March and June 2017.
Further information about the program, including application details plus terms and conditions are available on this page.