Accelerate Small Business Grants Program - Queensland

Description

The program provides targeted assistance to small businesses that demonstrate high-growth and employment aspirations to enable them to engage business mentors, coaches, specialist consultants or an advisory board for 6-12 months.  The objectives of the program are to:

  • enable small businesses to grow and employ more Queenslanders
  • increase the capabilities of small business owners
  • improve business confidence and sustainability
  • assist small businesses grow to medium-size businesses
  • enable more small businesses to embrace new opportunities.
Available funding:

Matched funding of up to $10,000 (excluding GST) may be provided to eligible businesses. The funding must be matched by a cash contribution by the participating business.
Two grant payments will be made directly to the business. The first 50% of the grant amount will be paid on approval and on receipt of a valid tax invoice from the applicant, and the final 50% will be paid on successful completion of the project.

Service type

Support Service

A service offered by government to aid in running a business.

Eligibility requirements

To be eligible for this grant, the business must:

  • have a trading history of a minimum of 3 years
  • have a minimum turnover of $500,000
  • have a maximum headcount of 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 operations
  • have competitive opportunities in domestic or international markets
  • be experiencing growth and have clearly defined high-growth and employment opportunities
  • declare if any owners or directors of the business are an undischarged bankrupt or insolvent.

Only one application will be accepted from an individual ABN or business address.

Businesses can only have one application submitted for consideration at any time.

Successful applicants cannot reapply for funding.

Commencement

Round 2 is now open.

The participating business must provide a progress report after 3 months and a final report on completion of the project outlining:

  • the advice received
  • how the advice has been implemented
  • the impact on the business
  • the results and outcomes achieved.

Businesses will be surveyed 12 months after the completion of the project.

Additional information

Further information including program guidelines, timeframes and how to apply are available on www.business.qld.gov.au/accelerate.

Administering agency

Department of Tourism, Major Events, Small Business and the Commonwealth Games

Office of Small Business

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Office of Small Business

Department of Tourism, Major Events, Small Business and the Commonwealth Games

Phone: 13 QGOV (13 74 68)
Email: grants@dtesb.qld.gov.au