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Boost Your Business Voucher Program – Social Enterprise Capability Stream

Overview

This program aims to support capability development projects within individual Victorian social enterprises. It is one of the funding streams of the Victorian Government's Boost Your Business Voucher Program which seeks to support Victorian businesses to become more productive, employ more people, improve market access and in general, increase their scale, diversity and profitability. This stream is a key initiative aligned with the building business capacity and skills action area to support the viability, sustainability and growth of social enterprises.

The objectives of the program are to:
- Improve organisational efficiencies through implementation of new-to-the-firm business systems and processes that increase firm productivity.
- Increase new market development through identifying new market opportunities and developing workable plans to access those markets.
- Increase financial readiness, better equipping social enterprises to identify and manage investment and funding opportunities.
- Increase contract readiness, better equipping social enterprises to access government and corporate procurement opportunities.

The vouchers will subsidise 80% of the services up to a maximum of $25,000 (GST exclusive). Applicants must contribute a minimum of 20% of the total costs of services.

Up to two vouchers are under this stream. Requests for split payments may be made for vouchers with a minimum value of $10,000 (GST exclusive).

Who Can Apply?

Eligible applicants include:
- Not-for-profits and charitable organisations
- Businesses that employ less than 20 staff

In addition to the eligibility criteria described in Section 3.1 of the Guidelines, applicants must:
- Be a social enterprise as defined by its business model that supports an economic, social, cultural or environmental mission consistent with a public or community benefit.
- Derive a substantial portion of income from trade-based activities.
- Reinvest the majority of business profit in the fulfilment of their mission.

Please refer to the Guidelines for the complete eligibility requirements.

Eligible Activities

Eligible projects include those that will:
- Lead to organisational efficiencies through implementation of new-to-the-firm business systems and processes that increase firm productivity.
- Increase new market development through identifying new market opportunities and developing workable plans to access those markets.
- Increase financial readiness, better equipping social enterprises to identify and manage investment and funding opportunities.
- Increase contract readiness, better equipping social enterprises to access government and corporate procurement opportunities.

Eligible service activities include:
- Business process and systems improvements
- Business transformation
- Financial management planning
- Industry standards implementation and certification
- Tender guidance

Main Assessment Criteria

The main assessment criteria include:
- Extent to which the proposed project and identified service activities support one or more of the voucher stream objectives. (30%)
- Extent to which the project, funded by the voucher, has the potential to benefit the company by reaching longer term outcomes (e.g new jobs, access to new markets and customers, new products and services and increased revenue). (30%)
- Demonstrated capacity or capability to successfully implement the project or project findings (e.g. track record of company and resources to be allocated to the project). (20%)
- The need for government support for the project to proceed. (20%)

Documentation Uploaded
Guidelines 2018-06-04 Download
Registered Service Providers 2018-06-04 Download

Use these documents as a guide only - always get the latest direct from the Administrator

Add to
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Category
Business
Community
Dates
Status Pending
Opening Date 4 Jun 2018
Closing Date 16 Jul 2018
Closing Information
This program is available annually. The next funding round is yet to be announced.

Value
Funding Type Voucher
Max.Funding $25,000
Co-contribution Yes 5:1
Competitive Yes
Eligible Activities
Activities
Marketing
Export
General Operations
Sector/SubSector
CommunityServices : Other
Gender Any
Age Any
Who Can Apply?
Location
Victoria
Region
Any
Industries
General - Non-Industry Specific
Eligible Organisation Type(s)
Organisation
Difficulty Rating
Administrator
Tier State
Department
Department of Jobs, Precincts and Regions
Contacts
Program Administrator
Department of Jobs, Precincts and Regions
Telephone
132215
Email
Kirra.Skrobalak@ecodev.vic.gov.au
General WebsiteVisit
Program Website Visit