INDIGENOUS ENTERPRISE DEVELOPMENT

Transcription

1 INDIGENOUS ENTERPRISE DEVELOPMENT Online Application Form Primary Applicant * indicates a required answer Enterprise Name (if already operating or registered) * Contact Person Title * Given Name * Family Name * Position Title * Phone Mobile Provide the postal address of the primary contact. Postal Address * Address line 2 Address line 3 Suburb * State * Postcode * Country * For partnership, joint venture or consortium Applicants In an attachment, please list each partner in the proposed or existing partnership, venture or consortium and have an authorised representative of each partner provide their full name, contact details and signature. Signatures must be witnessed and dated. 1

2 Information about you and your proposed enterprise 1. Are you: An individual An unincorporated body (including sole trader, partnership) An incorporated body (including Aboriginal and Torres Strait Islander Corporations) Unsure 2. Which category best describes you? New business/start-up idea Existing business 3. What do you need? Funding/financing Business support services Both funding/financing and business support services 4. What is the current working name of your enterprise? (This might change later that s OK) * 5. Provide a short description of your enterprise or business idea. * In your answer provide information about: - The type of business you want to operate e.g. tourism venture, bakery, retail, supplying to other businesses, manufacturing 6. Do you have a business plan attached to this application? (Please note, you do not need to have a business plan attached it may be something we are able to help you develop. But if you have one already, please attach it. A template is available at <HYPERLINK> if you wish to develop one.). Yes 2

3 Eligibility This section will help us determine whether you are eligible to apply. 7a. Will your business operate in Australia (note this includes the Jervis Bay Territory, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island)? Yes Answer 7b You are unfortunately ineligible for this funding 7b. Provide the business address if known. If not known, state the town/city and state you intend to operate from. 8. Is your business insolvent?* Yes You are unfortunately ineligible for this funding N/A (if you don t currently own a business) 9. Are any businesses owned or operated by you under investigation or notice of external administration? * Yes You are unfortunately ineligible for this funding. N/A (if you don t currently own a business) 10. Are you or your business partners undischarged bankrupts or under consideration for bankruptcy? * Yes You are unfortunately ineligible for this funding 11. You must have an ABN before a grant will be settled upon your business. Do you have an Australian Business Number (ABN)? Yes Australian Business Number (ABN) but, if successful, I agree to register for an ABN and for GST purposes with the Australian Taxation Office 12. Have you or any of your partners or any of your businesses been named as non-compliant under the Workplace Gender Equality Act 2012? Yes You are unfortunately ineligible for this funding Unsure 3

4 Assessment Criteria Potential for Success Your answers to these questions will help us assess if your proposed enterprise has the potential to be financially and commercially viable. If you are a start-up business you may not be able to answer all of these questions in detail. Just tell us as much as you can about what you ve planned so far and how you see your business operating. Financial documentation should be included where applicable, especially from existing businesses. 13. What goods or services will your enterprise sell? For example: what price will you charge for your goods and services? if you already operate a business, tell us what your business currently does and how you will be changing or growing the business. 4

5 14. Who are your customers and how do you know that there is demand for your product and/or services? For example: how many customers will you have? what are their characteristics?, e.g. miners, professionals, welfare recipients, students high income, medium income, low income add any other defining features for your customer base how do you know that they will pay the prices you intend to charge? are your products or services intended for an underserviced community? how will you advertise to your customers so they know you exist? how will you get the products or services to them? 15. Who are your suppliers? For example: what supplies do you require and what do they cost? where do you expect to get your supplies from? are your suppliers domestic or international? what is the cost of transportation/freight? 5

6 16. Who is your competition (other businesses that offer similar products/services to your target customers)? For example: who is the competition? how do you know there is enough space in the market for you? what makes you different to your competitors? 17. What assets or capital do you already have? For example: do you own or lease a car or truck? do you have tools? do you have any property, royalty payments, shares or savings? have you received (or do you anticipate that you will receive) grants or gifts from other Government or non-government sources? 6

7 18. If possible, complete the following table to show what you expect your costs, income and profit to be over the next 3 years? If you cannot fill out this table, please continue with your application. You may be eligible for business support services to help you plan your funding. Revenue = money you get from selling your product or service. Other income = money you get from any other sources, excluding this programme, such as funding from state or territory governments. Expenses = costs of equipment (whether bought or hired), machinery, wages, advertising, IT systems, and all business related bills like rent, power etc.). Profit = the amount of money you have left after paying your expenses. You can calculate this number by subtracting you Expenses from your Revenue. Revenue (money you get from sales) Other income YEAR 1 YEAR 2 YEAR 3 Expenses Profit/breakeven/loss 7

8 19. Expenses For example: what will your major expenses be? what machinery, IT systems, soft systems (e.g. website development), rent, assets, wages, legal services will you need to pay for? 20. Funding Sought If you are applying for a grant/loan package, what is the TOTAL amount of money you need to establish your enterprise? (This should be enough to cover your start-up costs and the difference between your costs and income until you start making profit) Total Funding Sought ($A including GST) Breakdown of required funding (e.g. fit outs, working capital) Item Cost $ $ $ $ 8

9 Skills and Capability This section captures information about the business skills and capabilities you have, and where you think you need to improve your skills to run the business effectively. You must demonstrate that you have the capacity to develop a realistic and practical business plan, or agree to work with a business support service provider at PM&C s expense to develop one. 21. What business skills or experience do you have that would help you run your business? For example, work experience in the industry, business planning, advertising, distribution, financial management, payroll, managing staff etc. 22. Are there any skills or is there any advice you think you need to help you set up or run your enterprise? 9

10 23. Business success relies upon good governance (decision making). In the space below describe how you will make decisions about your business. For example, who will make decisions? How will disagreements be resolved? Employment and Economic Development Impact You must demonstrate that the enterprise will positively contribute to the community(s) in which it will operate, especially in terms of job creation and economic development. 10

11 24. How will your enterprise contribute to Indigenous economic development?* At least 50 per cent of my enterprise will be owned by people of Aboriginal and/or Torres Strait Islander descent * Please be aware that you may be required to sign a statutory declaration. The primary purpose of my enterprise will be to support the establishment or operation of Indigenous businesses The primary purpose of my enterprise will be to create a significant number of jobs for Indigenous people Please provide some details 25. If you are an existing enterprise, do you employ Indigenous Australians? Yes N/A I do not currently operate a business If yes how many and what proportion of your employees are Indigenous? 11

12 26. Will your enterprise create new jobs? Please provide details, including: expected number of jobs (including any self-employment by the Applicant) if the positions will be full-time, part-time or casual how many jobs are likely to be filled by Indigenous Australians and/or from the local community 27. Will your enterprise operate from a remote region of Australia, as defined by this map Yes Support for application 28. Have you consulted with local Indigenous, community and business groups/organisations to gather support for your business idea? Yes If yes, please provide the name and contact details of the people you spoke with 12

13 29. Do the groups or people you have spoken with generally support your application? Yes Don t know Please provide some details Referees Please provide contact details of two referees that can vouch for your experience and personal character. Do not include immediate family members (an immediate family member is a parent (including step-parent), grandparent, child (including step-child), brother, sister, grandparent, spouse/partner, or any relative that lives with you). One of your referees may be a staff member from the PM&C Regional Network. If you have already discussed your business idea with IBA or another commercial lender one of your referees may be a representative of that lending organisation. Referee 1 Referee 2 13

14 Other information 30. Is there anything else you would like to add or is there anything else we should be aware of when considering your application? 31. By submitting your application you agree that PM&C, Indigenous Business Australia may use and disclose to each other, your personal information and any information or documentation concerning your affairs that relates to the Indigenous Enterprise Development funding. I/we have read the terms of the Application Kit for Indigenous Enterprise Development funding and authorise PM&C, IBA and/or our commercial lending partners to collect, use, store and disclose to each other your personal information and any information or documentation concerning your affairs relating to your application for Indigenous Enterprise Development funding. I/we have read the terms of the Application Kit for Indigenous Enterprise Development funding and do not authorise PM&C,IBA and/or our commercial lending partners to collect, use, store and disclose to each other your personal information and any information or documentation concerning your affairs relating to your application for Indigenous Enterprise Development funding. 32. If you have an Australian Company Number (ACN) please enter it here: Australian Company Number (ACN): 33. If you will be operating an enterprise from a remote area, please indicate if you would be interested in offering one or more CDP Hosted Placements to remote job seekers. Yes Don t know N/A operating outside a remote area 14

15 34. Please list any attachments you ve added to the application. You should attach any additional information you feel would support your application, including business plans, proposed budgets or a CV highlighting your credentials. 35. Have you spoken to a PM&C Regional Network representative about your application? Speaking to PM&C about your application is encouraged but not a requirement but, if you have spoken with a PM&C staff member, please note this here. Yes If yes, please provide the name and contact details of the people you spoke with 36. Do you have a preferred lender? You can nominate any of the IED commercial lending partners. A list of these partners is available here. It doesn t matter if you don t have a preferred lender, PM&C will progress your application through to IBA for commercial assessment. If yes, please provide the name of the commercial lender 15

16 37. Have you applied for and/or received funding or support from any Commonwealth, state/territory or local government agency or programme (including PM&C), private sector organisation, or not-for-profit organisation? Yes please specify 16

17 Applicant s Certification To the best of my knowledge, the information I have given in this application is complete, true and correct in every aspect. I am duly authorised to make this application for and on behalf of the Applicant organisation. I declare that: the information, including documentation provided and contained in this form is true and accurate; I have read the relevant programme guidelines for the programme which I have applied for; I have read, understood and accepted the terms and conditions, including incorporation requirements, of funding and my organisation will be able to fully comply with those conditions; I understand that incomplete applications will not be considered; if this application is successful, I will accept the terms and conditions of the Funding Agreement, unless otherwise stated (with supporting reasoning) in my application at the time of this submission; if and where any personal details of a third party are included, the third party has been made aware of, and given their permission for, those details to appear in this application; and I am not aware of (or have declared in this application) any perceived or actual conflict of interest that will arise by submitting this application. I/my organisation understands that the application is not an offer on the part of the Commonwealth nor does it create any obligation on the part of the Commonwealth to enter into a commercial or other relationship with any sponsor organisation. I understand that PM&C, IBA and/or our commercial lending partners may request further information. I also understand that for funding under $80,000 PM&C may conduct a credentials check and may conduct a financial viability assessment if deemed appropriate. Name of Applicant s authorised representative (print) Position held Signature Applicant s authorised representative Date 17

18 Name of Witness (print) Position held Signature of Witness Date 18