Regional Startup Hubs Support Program FAQs

Regional Startup Hubs Support Program frequently asked questions

Eligibility

  • Who can apply?

    Funding is open to for profit and not-for-profit organisations.

    Applicant organisation must be based in a Queensland region, have an ABN and be registered for GST.

    Applicants must be a recognised startup support organisation by Advance Queensland that delivers existing programs and events to their local startup community.

    Universities, professional services firms, financial institutions, government agencies and government owned corporations are not eligible to apply for this fund but may be a project partner.

  • What does it mean to be a regionally based startup hub?

    For an applicant, regionally based means the Australian Business Register must designate your organisation as having a regionally based Queensland address outside the Brisbane City Council boundary.

  • If I am an existing Queensland Government grant recipient, am I still eligible to apply?

    Yes, however, funding cannot be provided for any activity that has received funding through another Advance Queensland program.

The application

  • What accompanying documents are required?

    Applications should include a project budget spreadsheet and a plan of activities or your existing Business Plan.

  • Can I apply for funding support for an activity that commenced prior to this application?

    No. Funding is not retrospective. Only activities that commence after the agreed start date of the project will be funded.

  • How can I check the status of my application?

    There is no facility to check your application online. You will be notified of your application outcome via email.

  • When will I be notified of my application outcome?

    You will be notified approximately 6–8 weeks after the funding round closes.

  • Can I revise my application after lodgement?

    No, however you must advise the department of changes which are likely to impact on your eligibility.

Payments and funding

  • What is the program payment structure?

    A 75% per cent initial upfront payment will be made upon signing of the Letter of Offer. The final 25% per cent will be paid upon completion of the annual project activities. In order to receive the final payment, applicants must provide an annual project report and a financial acquittal report, to the satisfaction of the department.

  • Are grant payments subject to GST?

    Yes, all applicants must be registered for GST and grant payments will be GST inclusive.

  • Is matched funding required?

    No, this program does not require recipients to provide any matched funding, however contributions would be viewed favourably by the department.

  • What is a Letter of Offer?

    Successful applicants will receive an offer of financial assistance, in the form of a legally binding Letter of Offer with the Queensland Government. If you accept this offer, you will be required to sign a formal Notice of Acceptance within 15 days of receipt of the offer.

    The Letter of Offer is the legally binding document that accompanies the terms and conditions of the Regional Startup Hubs Support Program.

    The Terms and Conditions outlines the milestone schedule linked to grant payment instalments. This includes a requirement for recipients to report on performance indicators, which illustrate how the project has met the aims and objectives of the fund.

    Please ensure that you have read and accepted the Terms and Conditions prior to submitting an application for funding. They will not be negotiable after a funding offer is made.

  • If I am successful, do I need to acknowledge the Queensland Government support?

    Yes, you are required to acknowledge Queensland Government support. More details about this requirement are outlined in the Terms and Conditions.

  • Can I commence the project at any time?

    No, your project must commence within 90 days of signing the Notice of Acceptance, and be completed within the agreed project timeframe.

  • Can Tier Two recipients receive additional funding after the first year?

    Yes, Tier Two recipients can apply for additional funding after the first year providing the program budget has not been exhausted.

Last updated 10 Dec, 2018
Creative Commons Attribution-NoDerivs 3.0 Australia (CC BY-ND 3.0) ( http://creativecommons.org/licenses/by-nd/3.0/au/ )
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