SMART Projects and Supply Chains

What is the SMART Projects and Supply Chains?

The SMART Projects and Supply Chains service is a program that provides businesses with access to strategic or high-value projects that increase business capability, meet the specific needs of a market opportunity, or otherwise improve business performance and leadership capacity.

SMART Projects and Supply Chains is an Entrepreneurs’ Programme service to help your business grow.

Background

The Entrepreneurs’ Programme provides access to a national network of skilled growth facilitators. They’ll work with you to improve your business practices, become more competitive, and take advantage of growth opportunities.

In SMART Projects and Supply Chains we engage with our stakeholders to identify strategic and high-value opportunities to improve outcomes for Australian SMEs. We select projects based on a core theme or opportunity with the aim of increasing business capability, meeting the specific needs of a market opportunity, or otherwise improving business performance and leadership, and management capacity.

You’ll get access to skilled growth facilitators who will:

help you better understand market opportunities and requirements
identify any capability and skills gaps in your business that may impact your ability to meet requirements or realise opportunities
help you address those gaps to improve performance and better meet the needs of your customers
prepare a tailored roadmap with strategies to address gaps
help you implement your roadmap

Once you’ve received your roadmap, you may be eligible for a Growth Grant. This grant will help you fund the recommendations in your roadmap.

Funding

A facilitator will provide advice, guidance, and network connections, and you may also be able to access a matched Growth Grant of up to $20,000 to action recommendations from your participation in the project.

You must be a company participating in an identified project run by one of the growth facilitators.

Eligibility

You must:

have an Australian business number (ABN)
be registered for goods and services tax (GST)
have filed business activity statements showing ongoing trading in Australia, for at least 3 consecutive year

Your business must be one of the following:

an incorporated company
an incorporated trustee applying on behalf of a trust

Your annual turnover or operating expenditure, in the current or one of the two past financial years, must be either:

between $1.5 million and $100 million
between $750,000 and $100 million if you’re from remote Australia or northern Australia

You must also meet one of the following criteria:

be already operating in one or more specified growth sectors
have intent and ability to operate in a specified growth sector
provide enabling technologies or services to a specified growth sector

It’s important that you have the intent and opportunity to trade with a purchaser, with the aim to improve that trade to both Australian and overseas markets.

If you don’t think this service is right for you, you might want to consider a Growth Roadmap. This broad focus service is an excellent way to gain a clearer picture of your business. It’ll give you a strategy to make you more productive and more competitive.

Timing

Applications open on an ongoing basis.

More Information

Source

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