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Advisory and Director Boards are created to oversee significant business activities and decisions. Yet, how many of your board members are experts in innovation and technology commercialisation?

Director board membership generally only attracts finance, legal and technical proficiency. Advisory boards tend to comprise technical experts that know a lot about the field but not necessarily how to translate new ideas from the field into commercial, social, or environmental value.

Impact Innovation Group fills this gap. We help other businesses with the innovation and commercialisation expertise they need to ensure a return on innovation investment. Our people are directors on boards for different organisations of all sizes. We bring specialist innovation and technology commercialisation acumen to the table, as well as substantial board experience.

Did you know that the Queensland Government has allocated $3 million in grant funding over three years to help established Queensland-based small businesses engage an advisory board or independent advisor? You could be eligible for this funding.

The Accelerate Small Business Grants Program provides targeted assistance to small businesses that demonstrate high-growth and employment aspirations, to engage high-level expertise in their business.

If you can provide matching funding (less than $10K), you could receive a funding boost to engage business mentors, coaches, or an advisory board, for between 6–12 months. This means you could have that specialist advice on tap…exactly what you need, when you need it.

Impact Innovation can help you establish your advisory board. Or we could enhance the one you already have, to help get the most out of your new ideas.

Queensland companies eligible for the Accelerate Small Business Grants Program must be financially sound, have a business name registered within the last three years and have fewer than 20 employees at the time of applying for the grant. You’ll also have to provide a clearly defined opportunity and plan for growth, and demonstrate how engaging external advice will allow your business to achieve these goals.

More details about the Advancing Small Business Queensland Accelerate Small Business program can be found here: www.business.qld.gov.au/starting-business/advice-support/grants/accelerate-grants

Ask us what type of advisory board or services are going to make a big difference to your business. Call +61 7 3041 1128 or check out our services for SMEs.

– Alexandra Connors, Impact InnovationGroup Project Coordinator

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