About the Indigenous Business Development Fund (IBDF)

The goal of the IBDF is to create jobs and businesses that meet the needs of the community and are consistent with the eco-cultural values of the Quandamooka community

The IBDF is a joint initiative of QYAC and the Queensland Government being undertaken as part of the North Stradbroke Island (Minjerribah) Economic Transition Strategy (ETS). Consultation was undertaken with QYAC on its development. QYAC is leading its delivery as the nominated Project Co-ordinator.
The appointed IBDF Assessment and Advisory Committee will consider and approve applications for funding. Successful applicants must show that their business ventures will generate sustainable employment for the Island and meet the eco-cultural values of the Quandamooka community.
New Quandamooka business ventures on Minjerribah will stimulate growth in the Island economy including:

• Tourism services and associated industries such as
• Guided nature and cultural experiences
• Accommodation services
• Hospitality services
• Adventure activities
• Education services and products;
• Transport services;
• Primary Industries, fisheries and aquaculture;
• Service industries.

Available funding

The IBDF provides a total of $144 500 in grants for each annual funding round. Your application can specify that you are applying for a grant up to the total amount of $144 500 but be aware that when assessing an application, the IBDF Assessment and Advisory Committee can decide to approve funding for an amount less than that applied for.
To improve your chances of success, your business plan should provide budget details that show how the grant funds would be used to support the business goals.

Funding decisions

The IBDF Assessment and Advisory Committee has been appointed by the Queensland Government in consultation with QYAC. The committee includes nominated representatives from the Department of State Development, Redland City Council and QYAC.
The Committee will assess each eligible* application on its merits and will also assess each application against the criteria listed below. Your application must provide enough information to show how your new business venture:

• improves the availability and quality of goods and services to the Island community
• provides employment, career and skills development to the Island community
• provides assistance to vulnerable groups in the community (such as elderly, women and youth)
• contributes to the well-being of the Island community
• advances the strategic priorities* of the Quandamooka People
• advances eco-cultural sustainability for the Island.

To improve your chances of success, your application should include a business plan. Your business plan could include some or all of the following:

• products / services
• business environment / competitors
• budget
• financial plan
• operational plan
• capital expenditure
• marketing strategy

Be aware that the IBDF Assessment and Advisory Committee:

• has absolute discretion to determine how much of the funding amount will be awarded and to which applications; and
• may request further information from you regarding your application.

*An eligible application means an application that meets criteria 1 and 2 below.
*The strategic priorities of the Quandamooka People can be found in the document Our Direction 2014-2016

Timeframes

Round 2 Funding

• Applications open Thursday, 1 March 2018
• Applications close 4pm, Thursday, 29 March 2018
• Funding released, by 30 June 2018

Round 3 Funding

• Dates to be confirmed
• Funding released by, 30 June 2019

Round 1 Funding NOW CLOSED

• Nine applications were received for Round 1 of the IBDF in 2017. Six applications were recommended for funding, totalling an estimated value of $142,597. New Quandamooka businesses that have been successful in obtaining funding will be operating in the areas of aquaculture and the arts, contributing to a sustainable economy for Minjerribah.

Criteria

Criteria One - "New" Business Ventures

Only applications for new business ventures are eligible to apply under the IBDF for funding. This can be entirely new enterprise or a new activity for an existing enterprise.
Your application form must include proof that your funding proposal is for a new venture and is not for an activity or service that your business already provides.

Criteria Two - New "Quandamooka" Business Ventures

Only Quandamooka People or businesses can apply for funding under the IBDF.
A business applying for funds must be owned or controlled by a majority of Quandamooka People (more than 50%)*.
Any joint venture applying for funds must be owned or controlled by a Quandamooka business entity (a Quandamooka business entity is majority-owned by Quandamooka People).
Quandamooka People are the descendants of any one of the apical ancestors listed below:

• Nellie/Lilly Kidgeree
• Mary Indoole Compignie
• Elizabeth Ruska
• Charlie Moreton (Dandruba)
• Sidney Rollands (Kingal/Winyeeaba)
• Lillian Lyons (Dungoo)
• King Billy Toompani
• Juno (Gonzales)
• Liza Jungerboi (mother of Rose Martin nee Bain)
• Tommy Nuggin (Gendarieba)
• Tilly (mother of Tommy Dalton, Richard Dalton and Henry Lea)
• Kindarra

See Delaney on behalf of the Quandamooka People v State of Queensland [2011] FCA 741 at Schedule 1
*For example, Quandamooka Business Services (QBS), being a division of QYAC, is also eligible to make an application for funding under the IBDF.

“Viable” New Quandamooka Business Ventures

Only viable new business ventures will receive funding under the IBDF. A viable new business venture is sustainable and will guarantee enough revenue to cover all costs and make a profit.

Apply

QYAC has partnered with the Department of Aboriginal and Torres Strait Islander Partnerships (DATSIP) to provide support to Quandamooka People requiring assistance with their application for IBDF funds. Please contact:

• DANIEL FUALALO
  
Project Officer
South East Queensland North Region
daniel.fualalo@datsip.qld.gov.au
07 3003 6489

Download IBDF Application in Microsoft Word

Download Application Now

IBDF Application Checklist

• Completed Application Form, signed and dated by the Applicant(s)
• Business plan (try to include a budget, financial plan etc)
• ABN number (if you have one)
• Submitted by the deadline 4.00pm, 29 March 2018

* If you have ticked the box at p 8 of the application, any applications submitted after this date may be considered for the second round of funding.

Submitting Applications

Application forms and attachments can be submitted:

• By email to
• IBDF_Applications@qyac.net
• By post to
• IBDF Assessment and Advisory Committee
  c/- QYAC
  PO Box 235, Dunwich, 4183
• By hand delivery to QYAC office reception. Clearly mark an envelope including your application form and all the relevant documentation to:
• IBDF Assessment and Advisory Committee
  c/- QYAC
  100 East Coast Road, Dunwich

Frequently Asked Questions

Will my application be kept confidential?

• QYAC understands the importance of maintaining “Commercial in Confidence” and handles each application with utmost confidentiality.
• Personal information will be managed by QYAC in compliance with the Information Privacy Act 2009 (Qld) and any other relevant legislation.

Do I need a business plan?

• A Business Plan is not essential but will improve your chances of obtaining funding as it helps you to present detailed budgeting and finance information that shows how your new business venture will become profitable.
• QYAC is unable to provide assistance to complete the Application Forms or to prepare specific Business Plans and associated documents.

What is a “new” business venture?

• A “new” business venture refers to a business activity that your business does not already do. For example,
• Café Sunset is open most days serving Breakfast and Lunch to the public. The owners of Café Sunset have done their research and believe that a profit can be made if a food van is leased to deliver lunch and coffee to workers, or tourists visiting at the weekends. They apply for an IBDF grant to lease the food van and acquire necessary equipment.
• Ken and Cass sell various handmade household items for sale at markets and craft stalls. Many customers have asked for T-Shirts and other clothing items. They apply for funds under the IBDF to purchase screen printing equipment so that they can print shirts, clothing and run screen-printing workshops during the school holidays.
• The Sunshine Handy Van provides general repair services to the local community. They want to expand their business to provide cabinet making services and apply for funds under the IBDF to purchase tools and equipment.
• If you have a current business that you are seeking to expand with a “new” venture, you should include information about your current business activities and explain how your new business venture is different.

What is NOT a “new” business venture?

• The IBDF is not open to businesses looking to employ more workers, purchase equipment, vehicles, engage consultants, develop feasibility studies or investment proposals etc in respect of their current business activities.

How do I prove that I am a Quandamooka person?

• The Application form asks you to provide proof that you are a Quandamooka person. You can easily do this if you already are a QYAC member. If you do not have QYAC membership you will need to provide other proof that you are descended from at least one of the Quandamooka ancestors listed above. A letter from your Quandamooka Elders may help to confirm your ancestry.

What if I miss the application deadline?

• Your application will be considered for the next round of Funding. Round 2 funding will be awarded prior to the end of each financial year.

How will I find out if my application has been successful or not?

• QYAC will contact you within 30 days of the application closing period.

Will QYAC provide support or assistance to complete the Application Form?

• QYAC is unable to provide any assistance to anyone seeking to lodge an application.
• The IBDF Assessment and Advisory Committee may invite you to submit further information in support of your application.

Can QYAC make an application for funding under the IBDF?

• Yes. The Quandamooka Business Services unit forms part of QYAC and as an entity controlled by a majority of Quandamooka People, is eligible to make an application under the IBDF.

Can QYAC board members apply?

• Due to the requirements of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 QYAC board members, thier spouse, children and parents are not eligible to apply for funds under the IBDF .

Can QYAC staff apply?

• QYAC staff are not eligible to apply for funds under the IBDF.

What about media & communications?

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• QYAC and DSDMIP are seeking more opportunities to tell the story of successful IBDF applicants through print and electronic media and communications.
• If your application is successful, QYAC and DSDMIP will request that your full name, business trading name and a general description of your business be made available for publications through various electronic media, print media, webpages and social platforms administered by QYAC and DSDMIP.