QUT Creative Enterprise Australia has launched a business loan fund to assist Queensland based creative businesses.

The Creative Business Loan Fund (CBLF) can help support qualifying businesses with a short term loan.The CBLF is for supporting the next stage of development and the fund is designed to bridge the gap between ‘proof of concept’ or concept development and business development funding for qualifying creative industries businesses.

The program offers interest free loans of up to A$15,000 per eligible business for a maximum of 12 months, flexible expenditure categories to support both start-up and more established businesses and other benefits.

The areas in which funds can be directed include for:

– Refining business strategy;
– Identifying future investment and funding requirements;
– Supporting product, content, technical and creative development;
– Securing adequate intellectual property rights;
– Defining pathways to market and market evaluation;
– Developing a marketing and communications plan;
– Producing a sales generation plan;
– Review of strategic partnership opportunities for business growth.

Creative businesses eligible for this funding you must be start-ups that have traded for less than five years.

They must have a demonstrable need for loan funding, have a clear plan for the business and the use of the funds and be willing to engage with Creative Launch Pad mentoring program and provide milestone updates.

This is an ongoing opportunity.

CBLF is run as an additional feature of Creative Launch Pad, the specialist mentoring program offered by QUT Creative Enterprise Australia.

To discuss your eligibility for CBLF, contact QUT Creative Enterprise Australia at info@creativeenterprise.qut.com.au. For more information visit here.

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