Ignite Ideas Fund

Supports Queensland based start-ups and small to medium Queensland businesses to commercialise innovative products, processes and services to enable them to grow and compete in a global market and create new jobs.

What's important

  • Round 7 of the Advance Queensland Ignite Ideas Fund is now closed.
  • Please register for the AQ newsletter via the link provided on this page and follow us on social media to ensure you are kept up-to-date regarding any future Advance Queensland funding opportunities that may arise.

About the program

The Ignite Ideas Fund supports Queensland based small to medium businesses that have high-growth potential to undertake commercialisation projects that will:

  • strengthen key industries in Queensland
  • diversify the Queensland economy
  • compete in domestic and global markets
  • engage and/or benefit regional Queensland
  • create new jobs, now and into the future.

Viability and scalability beyond completion of the project must be a key long term outcome.

Funding

Two tiers of funding are available:

Tier 1

Up to $100,000 (excluding GST) for projects of up to 12 months duration.

Tier 2

Greater than $100,000 and up to $200,000 (excluding GST) for projects of up to 24 months duration.

Eligibility

To be eligible for funding, applicant organisations must:

  • be a business or start-up organisation headquartered in Queensland as at the application closing date
  • be registered for GST as at the application closing date
  • have no more than 50 full-time-equivalent employees
  • not be a subsidiary of a group of companies that has more than 50 full-time-equivalent employees in total
  • not have received funding for the proposed project activity from either the State, Federal or Local Government

If applying for Tier 1, the applicant organisation and/or related parties must:

  • not have received an Ignite Ideas Fund grant previously
  • make a cash contribution to the project that is at least equal to 20% of the value of funding sought.

If applying for Tier 2, the applicant organisation and/or related parties must:

  • not have received an Ignite Ideas Fund Tier 2 grant previously
  • have successfully completed any project funded under Tier 1 of the Ignite Ideas Fund (if relevant)
  • make a cash contribution to the project that is at least equal to the amount of funding sought
  • have been registered with the Australian Securities and Investments Commission (ASIC) prior to 1 July 2018

Organisations and their related parties are limited to one application per funding round. 

Financial incentive agreement (PDF)

Case studies

Queensland company putting their heart on the line to help the critically ill In Australia heart failure affects... Read more

Go1

Go1.com are a homegrown startup success story and an example of the robust innovation ecosystem thriving in... Read more
Advance Queensland alumni GO1 have partnered with Microsoft to launch an app for organisations using Microsoft Teams... Read more
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