The Queensland Government today announced it is providing $2 million from the Business Development Fund to Brisbane-based home care company, Five Good Friends.
Acting Premier and Treasurer Curtis Pitt said the company developed IT applications allowing older people to stay in their own home longer while maintaining connections with their family, friends and community.
“Five Good Friends has developed an app so members can request help they need, when they need it,” Mr Pitt said.
“The app communicates with a members family, identifies who will be helping, confirms when help has been provided and shares the information with family members.
“We know that the majority of older people prefer to stay in their own home and around 60% of older Queenslanders live in their own home.
“Living at home supports a person’s independence and can sustain their comfort while providing other opportunities which may not be as available in more institutional settings such as continuing established social activities or caring for pets.
“By combining skilled community services professionals, community networks and easy-to-use technology, Five Good Friends creates a digital help marketplace which is accessed through the company’s ‘Family App’.
“The Family App enables clients to request, personalise and rate home care and share this information with family and friends. It also allows them to build their own digital ‘community’ of like-minded people around them.
“This helps ease the responsibility of care from informal carers that is carried out overwhelmingly by women in their peak working years. This can allow for greater workforce participation for those who have carer responsibilities.
“Not only that, investment in home support and home care packages means Five Good Friends can create job opportunities for those who will deliver the help.”
Mr Pitt said the $40 million Business Development Fund could invest from $125,000 up to $2.5 million in matched funding from private sector co-investors to assist businesses turn their bright ideas and innovations into commercial realities.
“The Business Development Fund is continuing to invest in innovation and turn ideas into a commercial reality,” he said.
“The BDF is helping to create jobs and develop a sustainable private market for venture capital finance in Queensland.”
Mr Pitt said other BDF investments included:
- $2.5 million in Tritium, a Brisbane-based innovation firm that could soon be powering electric vehicles around the globe with its new super-speed charging stations
- $250,000 for Brisbane firm MiCare Global to further develop their innovative enterprise management system for the child, disability and aged‑care sector
- $125,000 for Brisbane-based EFTLab to help develop its products for the electronic payments market
- $500,000 for Townsville-based JESI Management Solutions to increase product development of its journey management software for companies with mobile work forces.
“These are exactly the types of companies the Queensland Government is keen to support and invest in through the Fund, and our $405 million Advance Queensland program,” Mr Pitt said.
For further information on how to apply visit: http://advance.qld.gov.au/small-business/business-development-fund.aspx or mail email@example.com or phone 13 QGOV (13 74 68).
Treasurer, Minister for Aboriginal and Torres Strait Islander Partnerships and Minister for Sport
The Honourable Curtis Pitt