Hilltop Hoods are an Australian hip hop group that formed in 1994 in Blackwood, Adelaide, South Australia. The group was founded by Suffa (Matthew David Lambert) and MC Pressure (Daniel Howe Smith), who were joined by DJ Debris (Barry John M. Francis) after fellow founder, DJ Next (Ben John Hare), left in 1999. The group released its first extended play, Back

In 2005 the annual "Hilltop Hoods Initiative" was established in association with Arts SA, made possible by a donation from the Hilltop Hoods. Valued at A$10,000 (originally $3000), the Hilltop Hoods initiative helped young and emerging South Australian hip hop artists to manufacture and distribute a CD. The initiative also included two mentorship sessions with Hilltop Hoods' former manager, PJ Murton. It acknowledges the important role South Australian government assistance played in the development of the careers of the Hilltop Hoods. In 2009, the initiative became a national grant available to entry for any emerging Australian hip hop artist who have not issued a professional album.  In a Hilltop Hoods newsletter, released on 4 December 2012, the group communicated the following announcement:  In 2013 The Hilltop Hoods and APRA are teaming up again to give a career changing $10K to the most impressive emerging Hip Hop/Soul act in Australia. Aimed at helping fund the manufacturing and marketing of an album release, the grant is open to any act who hasn't yet released anything professionally. Applications will open in early 2013 along with details on how to enter.  Past recipients are: General Knowledge, a three-piece group (2006); Subsketch, a solo artist (2007); Jimblah, a solo artist (2008); K21, a solo artist (2009); 1/6, a solo artist (2010); Koolta, a solo artist (2011); Run for Your Life, a musical collective (2012); Gold Coast, Queensland artist Chelsea Jane (2013); Brisbane, Queensland solo artist I AM D (2014); Sarah Connor, a solo artist (2015); Astro Travellers, a seven-piece group (2016) and MC Sinks, a solo artist from Melbourne, Victoria. (2017). Answer this question using a quote from the following article:

when was it founded?
In 2005 the annual "Hilltop Hoods Initiative" was established