Community Programs

6.2 Business Support

This program provides for business advice and planning as well as business development support for Australian-based enterprises.

Benefits
Business Advice – Free advice from Many Rivers. This is NOT compulsory.
Business Planning – Up to $2,500 per financial year for business planning services.
Business Development – For Australian-based businesses:

  • First application: Up to $22,000 one-off grant to start up a new business, purchase an existing
    business, or develop an established business.
  • Second application from the same member OR from the same business: Up to $11,000
    one-off grant to start up a new business, purchase an existing business, or develop an
    established business.
Eligibility
  • Business Development support – IBN Members who wish to establish, acquire, develop or expand a Australian-based business (conditions apply).
  • Businesses must be ABN registered.
  • No pooling of member benefits
  • To comply with fiduciary duties requirements, current IBN Board Directors are not eligible for
    Business Planning or Business Development support.
AVAILABLE items

Business Planning Support

  • Legal advice
  • Market research, feasibility or scoping studies
  • Business or marketing plans
  • Initial startup costs such as computing equipment
  • Other relevant costs

Business Development Support

  • Business purchase costs
  • Initial business insurance
  • Tools and equipment
  • Business vehicles
  • Renovation or expansion costs
  • Other costs directly related to the purchase or development of the business
Items NOT available

General business operating costs, such as rent, utility bills and wages.

Conditions
  • No pooling of member benefits.
  • Extra conditions apply for Business Development applicants.
Supporting documents
  • Program application form 6.2
  • Supplier invoices or quotes showing payment details
  • Business Development applications:
  • Business Plan prepared by a qualified business consultant
  • Business bank account statements
  • Evidence of bookkeeping or accounting arrangements
  • Customer contracts or letters of support
  • Proof of ABN/ACN registration
Application Processing Time
  • Business planning applications – up to 10 working days once all documents have been received by IBN.
  • Business development applications may take several weeks.

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