What is the Xero Beautiful Business Fund?
The Xero Beautiful Business Fund provides up to $20,000 to small businesses and nonprofits globally for projects that support their growth and future aspirations. Contact Bulletpoint for assistance.
Background
The Xero Beautiful Business Fund is an initiative by Xero, a global small business platform, designed to accelerate and support the growth plans of small businesses and nonprofits worldwide. Launched in July 2023, the fund aims to help businesses achieve their dreams and take significant steps forward with confidence. Last year, the fund distributed over $690,000 to various winners, including four Australian organisations.
Objectives
The objectives of the Xero Beautiful Business Fund are to:
- Support small businesses in achieving their growth aspirations.
- Provide financial assistance to help businesses take significant steps forward.
- Encourage innovation and development within small businesses and nonprofits.
- Foster a global community of successful and sustainable businesses.
Eligible Entities
Applicants for the Xero Beautiful Business Fund must meet the following criteria:
- Be a current Xero customer.
- Operate as a small business or nonprofit in Australia, New Zealand, Singapore, South Africa, the United Kingdom, the United States, or Canada (excluding Quebec).
Eligible Expenditure
The eligible expenditure for the Xero Beautiful Business Fund includes:
- Projects that support business growth and future aspirations.
- Initiatives that enhance business operations and sustainability.
- Activities that contribute to the development and innovation within the business.
Eligible Activities
Eligible expenditure for the Xero Beautiful Business Fund includes:
- Implementing new business processes and workflows
- Conducting market research and promotional campaigns
- Enhancing digital presence through website and app development
- Procuring specialised equipment to improve productivity
- Expanding business operations to new regions
- Securing advisory services for strategic planning
- Strengthening leadership teams and corporate governance
- Investing in employee training and development programs
Funding
The Xero Beautiful Business Fund provides up to $20,000 per winner, with a total prize pool of $700,000 to be shared among 28 winners globally. Additionally, four global winners will receive an extra $50,000 each.
How to Get the Xero Beautiful Business Fund
In order to get the Xero Beautiful Business Fund, you will need to focus on:
- Summarise your business, focusing on the problem it solves, the demand for your product, and your unique solution.
- Clarify how your project fits the fund’s criteria, including funding details and expected impacts.
- Compile all received funding, including investments and grants, to provide a full financial overview.
- Craft a succinct project pitch highlighting your next year’s goals and potential obstacles.
- List key team members, including founders and employees, to showcase your team’s depth of expertise and commitment.
- Include up to three CVs for your project’s key figures, highlighting their qualifications and relevance.
- Show your engagement in high-quality business programs, demonstrating your active participation in the ecosystem.
- Demonstrate business traction with details on product development, revenue, and customer base.
- Outline your 12-month growth strategy, focusing on acquiring new clients, entering new markets, boosting revenue, or securing more investment.
- Explain the fund’s necessity and the challenges it will help you overcome, alongside a detailed budget showing how the grant will be used for eligible activities and the expected outcomes.
Timing
The closing date for the Xero Beautiful Business Fund applications is yet to be announced for the current year.
More Information
2024 Winners
to automate production of algae-based sustainable decals, scaling their eco-friendly solution and reinforcing their commitment to environmental responsibility.
to enhance silicone prosthetics technology with software upgrades, a new 3D printer, and advanced 3D scanning research, creating life-changing innovations.
to support renters through free legal services and equip law students with hands-on experience, bridging education and community impact.
to foster inclusivity and connection through movement and wellness programs, supporting diverse communities with offerings like teen yoga and skills groups.
