Small Business Digital Adaptation Program Grants Still on Offer
On the 15th of November, the Victorian Government initiated the Small Business Digital Adaptation Program. The scheme offers grants to small businesses to assist them in trialling new digital products and tools and is still currently open.
With a registration deadline of 28 February 2021, there is still time to apply. However, businesses need be wary that limited grants remain, and the program may stop accepting registrations sooner.
Small Business Digital Adaptation Program Background and Details
The program will offer successful applicants a $1,200 rebate to cover the cost of trialling new and practical digital tools relevant to their business. Successful applicants will undertake a structured program following this progression:
- Complete the online registration to assess eligibility and partake in suitable product trials/workshops.
- Sign up for and purchase their chosen software or tool through one of the selected suppliers partnered with the program.
- Apply for the $1,200 purchase rebate to cover 12 months’ access to the selected digital tool.
The Government has partnered with a number of digital suppliers who offer eligible choices. These include Mr Yum (food and beverage), MYOB (business management), Xero (business management), Shopify (end-to-end retail), Square (end-to-end retail) and Squarespace (website creation).
Businesses should note that the rebate will not cover renewals of existing products or software licenses, minor updates to existing products or for products that aren’t eligible under the program.
In order to be eligible to register for the program, as per Business Vitoria’s website, applicants must:
- Operate a business located in Victoria.
- Hold an Australian Business Number (ABN).
- Have held that ABN on 13 September 2019.
- Be registered for Goods and Services Tax (GST) on 13 September 2020.
Businesses should take some time to assess which digital applications or tools are the most relevant to their organisation and which they will seek to trial. The grant presents an opportunity to trial a new and likely beneficial business tool with no consequence. Many organisations will find value in consultation throughout this process. If you require assistance, Provide Technology can help you select the digital provider and product best suited to your business.
The scheme offers small organisations an enticing opportunity to modernise their business (in some manner). We would recommend any eligible prospective applicants to ensure they express interest and register as soon as they can.
If you have questions about any of the above matters, or require assistance in any way, don’t hesitate to contact us at Provide Technology.