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Ignite Ideas Fund

Supports startups and small to medium Queensland businesses to commercialise market ready innovative ideas that will help them grow and compete in a global market and create new jobs.

What's important

  • Tier One—up to $100,000 (excluding GST) per project
  • Tier Two—up to $250,000 (excluding GST) per project
  • Additional application requirements apply
  • Applications have closed.

About the program

Grants of up to $250,000 (excluding GST) to support activities that will test and implement commercialisation plans for a product, process or service that is at or beyond minimum viable product or market ready stage.

The Ignite Ideas fund aims to support startups and small to medium Queensland businesses to commercialise market ready innovative ideas that:

  • generate jobs today and in the future
  • enhance innovation and skilled job opportunities across regional Queensland
  • help Queensland businesses compete in global markets
  • grow Queensland’s reputation.

Past funding recipients

Round 2 funding recipients.

Round 1 funding recipients.

Eligibility

To be eligible for funding, organisations must be a Queensland based organisation and meet the following requirements:

  • be a Queensland registered and based business that is undertaking the project
  • have less than 200 full time equivalent staff
  • be registered for GST (at time of application)
  • have a Queensland developed and owned (or rights assigned) highly innovative (new) product, process or service which is at, or beyond, minimum viable product or market ready stage
  • have a clearly defined project that has the potential to achieve high growth for the business and benefit Queensland’s economy
  • provide clear evidence of business skills and financial capacity to successfully deliver the project
  • provide clear evidence of demand or support from identified customers, industry partners, and/or investors.

In addition to the above, applicants for Tier Two funding must:

  • have been trading for two years or more
  • provide accountant prepared financial statements (including a profit and loss statement and balance sheet) for the previous two financial years.

How the program is assessed

Applicants are assessed through a competitive and merit based process, by a panel of independent external assessors on the following criteria:

  • innovation and market potential
  • project planning, feasibility, budget and timeframes
  • technical and management capability
  • benefits to Queensland and regional impact.

How to apply

Submissions are now closed.

For more information on the Ignite Ideas Fund, refer to the:

It is strongly recommended that applicants view the webinar series link below before commencing an application.

Webinar series: Attracting investment and winning customers

Innovate Queensland has developed the Attracting investment and winning customers webinar series to assist innovators, entrepreneurs, and organisations across the state to attract investment from public and private funds and win over major customers.

Licence
Creative Commons Attribution-NoDerivs 3.0 Australia (CC BY-ND 3.0)
Last updated
13 July, 2017

Call us

13 QGOV (13 74 68)

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