What is Advance Queensland Deadly Deals Initiative?
Deadly Deals Initiative provides grants to support Indigenous businesses and innovators to undertake the next step in the development of a product, process or service to market.
The Queensland Government’s Advance Queensland initiative focuses on growing the economy and creating jobs. This includes supporting the start-up and growth of Aboriginal and Torres Strait Islander businesses (Indigenous businesses) to deliver new products, processes and services, and establishing new industries that will provide the jobs of the future.
Deadly Deals aims to:
- support growth in priority industry areas in Queensland
- help diversify the Queensland economy
- engage and/or benefit regional Queensland
- create new jobs or career pathways for Aboriginal and/or Torres Strait Islander people
Deadly Deals will provide successful applicants with up to $100,000 (excluding GST) to progress the development of a product, process or service developed by an Indigenous business to a stage at which they are able to enter the product, process or service into the market or attract follow on funding from other sources to get their product, process or service to market (‘the proposed project’).
Deadly Deals initiative funding is a flexible investment to support a key activity that is important for the development of a product, process or service to market. The funding can only be used to meet the cost of activities that advance a product, process or service to market.
The proposed project must be:
- supported by a Business Plan, Feasibility Study or equivalent documentation; and
- capable of being completed within 12 months.
This is a targeted initiative, only available to applicants who are invited by the Department of Innovation, Tourism Industry Development and the Commonwealth Games (DITID) to apply.
To be eligible to apply the applicant organisation must:
- receive a formal invitation to lodge an application from DITID
- have previously applied for funding for the proposed project from another funding program and been unsuccessful OR be unable to meet the funding requirements of any currently offered Advance Queensland program
- be an Indigenous business
- have a valid Australian Business Number (ABN) and be registered for GST
- be headquartered in Queensland
- have no more than 50 full-time-equivalent employees
- not be a subsidiary of a group of companies that has 50 or more full time equivalent employees in total.
Applications open on an ongoing basis.