Ignite Ideas Fund
Supports the development of new or improved products, processes or services to secure investment, launch into global markets and grow business.
- Applications are currently closed.
- Round 2 will open 12 September.
- Tier One—applicants can apply for up to $100,000 (excluding GST) per project.
- Tier Two—applicants can apply for up to $250,000 (excluding GST) per project.
- Additional application requirements apply.
Funding of up to $250,000 per project is available to help businesses by supporting activities that prove your idea will work or to assist with identifying a market or investor for your product, process or service.
To be eligible for funding, you must be a Queensland based organisation and meet the following requirements:
- have less than 200 full time equivalent staff
- be a company incorporated in Queensland, or will be incorporated as a company in Queensland at the time of the grant
- demonstrate a clear road to market that will deliver jobs and create new markets for Queensland
- be registered for GST before the project commences
- have both the ambition and the potential to achieve high growth
- have a product, process or service which is at, or beyond, minimum viable product/working prototype/defined target stage
- must provide evidence of customer, industry partner or investor support for the project.
How to apply
The new Round Two application form, guidelines, handbook and FAQs will be available 12 September 2016.
How you will be assessed
You will be assessed on the:
- innovation and market potential of your project
- project feasibility, budget and timeframes
- technical and management feasibility
- anticipated outcomes for Queensland.
About the program
The Ignite Ideas fund aims to:
- increase commercialisation rates of Queensland ideas
- create high-value knowledge intensive jobs
- secure new investment
- form new collaborative partnerships
- increase exports
- increase business investment in R&D
- increase levels of business innovation.
Find out about funding recipients that have been announced.