The Small Business Sparks grant program aims to help small businesses deliver innovative solutions.
As a small business owner in Boroondara, the grant could help you:
- develop new products or service offerings
- introduce new technologies, processes and outcomes to your business
- enable a benefit to the local economy
This grant program provides amounts of up to $2,000.00 on a dollar for dollar basis. For every dollar you receive, you will need to invest the same amount in your proposed business. If your application is successful, you will receive the approved amount on signing a Funding Agreement.
- Applications are open from 27 March 2018.
- Applications close on 4 May 2018.
- Successful applicants will be notified by 31 May 2018.
- own a business or propose to start up a small business within Boroondara’s municipal boundary (a small business is defined by the Australian Bureau of Statistics as employing under 20 people)
- have an appropriate business registration, registered business name or equivalent
- have a business plan or project plan
- have the appropriate insurances, permits and licences for business operation
- demonstrate a matching cash contribution
- View the Boroondara Economic Development & Tourism Strategy 2016-2021 key objectives
The following are ineligible for the Small Business Sparks grant:
- employees of the City of Boroondara
- employees of Australian and local government agencies and bodies
- owners corporations (strata and company owned)
- unincorporated associations, branches, franchisees or subsidiaries of larger companies
- businesses that have an adverse effect on public health, safety, the environment, or heritage.
We aim to fund projects that:
- facilitate localised product or service development (Made in Boroondara);
- enhance or service retail activity
- increase footfall and patronage into shopping centres
- facilitate uptake of local commercial vacancies
- provide a new service in a shopping centre
- increase visitation within, and into Boroondara
- provide a new or enhanced resident or visitor experience
- showcase local assets to visitors
- enhance digital capacity or transformation
- apply new technologies
- demonstrate an innovative or creative solution to a small business issue
- introduce an environmental or sustainable solution to a business
- activate underutilised spaces for public use
- enhance local business to business capability
- create new networks with other businesses or organisations within Boroondara
- introduce a new or innovative product or process to the city, or
- encourage entrepreneurial activity.
Funding will not be provided for:
- the purchase of buildings or property extensions or additions
- relocation of a business
- permanent staffing or ongoing operational costs
- basic or common operational equipment
- routine maintenance
- security cameras
- internal shop fittings including display shelves and painting
- projects that will rely on future recurrent funding from the City of Boroondara
- temporary structures or other materials used to promote one off or recurring events
Note: Businesses receiving funding from the State and/or Federal Government are still eligible to apply for a Small Business Grant. Small business may apply for funds for an existing project, as long as that project has not yet been implemented.
Apply for the Small Business Sparks grant program
Read the Eligibility Criteria to determine whether you are eligible to apply for the grant.
Use the online form to submit your application.
Applications will be assessed by the Economic Development Department according to the following criteria.
Contribution towards the achievement of key focus areas within the Economic Development & Tourism Strategy
Reference how your proposed project or activity will align to at least one of the three Boroondara Economic Development & Tourism Strategy 2016-2021 key focus areas:
On meeting the eligibility criteria, demonstrate how the proposed project will be achieved.
Demonstrates an innovative or creative solution to a small business issue
Some key points include (but are not limited to):
Benefit to the City of Boroondara
Demonstrate how the project will significantly benefit city of Boroondara businesses/residents by:
Successful applicants will be required to acquit their grant, providing evidence of the grant fund expenditure and outcomes.
The acquittal form will be made available to successful applicants.
The acquittal requirements for grant funds include:
- A written report detailing the outcomes attributable to the grant funds and digital images where relevant
- proof of matched funding (by way of invoices/receipts or alternatively, bank statement showing direct cash input to the project).
For more information contact the Economic Development Department on 9278 4814.