Arts Business Innovation Fund
Arts Queensland is implementing measures to support the Queensland arts sector and the individuals, organisations and collectives impacted by the COVID-19 crisis.
The Arts Business Innovation Fund is closed and will be redesigned to support the Queensland arts sector following the impact of COVID-19.
The Arts Business Innovation Fund (ABIF, the Fund) addresses the need to support innovation to strengthen income generating and entrepreneurial capacity in Queensland-based not-for-profit arts and cultural businesses.
The Fund is an initiative of the Queensland Government, through Arts Queensland (AQ) and the Tim Fairfax Family Foundation (TFFF)..
Following close consultation with the Tim Fairfax Foundation, the decision has been made to close the Arts Business Innovation Fund.
This decision is in response to COVID-19 impacts on Queensland’s arts sector, and acknowledges the need for arts companies to focus on stabilising in this current environment.
Arts Queensland will design a new grants program that supports innovation to deliver enhanced sustainability outcomes for artists and arts companies.
- Strengthen not-for-profit arts businesses financially and operationally by responding to innovative business ideas that will achieve an organisation's mission into the future.
For arts organisations, outcomes will include:
- new and more resilient business models
- diversification of income streams
- access to new markets
- access to new finance and funding streams
- better capitalisation.
For government and Queensland, outcomes will include:
- a pool of funds provided by the private sector that can be re-invested
- increased value and return on government investment.
The Arts Business Innovation Fund is closed and will be redesigned to support the Queensland arts sector following the impact of COVID-19
- Read the Arts Business Innovation Fund documents.
Contact an Arts Investment Officer on (07) 3034 4016, 1800 175 531 (toll free), or email@example.com.