Ignite Ideas Fund

Ignite Ideas funding is available to commercialise highly innovative and new products or services that are at minimum viable product stage or beyond.

What's important

  • Expression of interest applications for Ignite Ideas Fund Round 9 are now closed.
  • All Round 9 applicants will be contacted by email by late August with the assessment outcome.
  • The next round of Ignite Ideas will be offered in mid-2023.

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.

Funding and support

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.

For Round 9, successful applicants will be eligible for additional business development support through our new Ignite+ program. This pilot program will provide support across sales and marketing, customer acquisition, competitor analysis, intellectual property (IP)/legal support, financial structure, connections to mentors and sponsors, and access and introductions to business and investment networks.  

Eligibility

To be eligible for funding, applicant organisations must at the time of application:

  • be a business headquartered in Queensland
  • 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
  • not have received funding for the proposed project activity from either the State, Federal or Local Government
  • be registered for GST (at time of full application submission).

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
  • not be applying for a product or service that has previously received Ignite Ideas funding
  • 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

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

Key documents

Enquiries

  • QiHub - networks, resources, find a critical friend to review your plan.

Additional support

Watch the webinar

Watch our Ignite Ideas webinar where fellow founders who have successfully secured Ignite Ideas funding share their insights about their experience and learnings from the process.

Speakers include:

  • Yasmin Grigaliunas, Co-Founder, World's Biggest Garage Sale
  • Nyree McKenzie CF APMP, Co-Founder, Bidhive
  • Jason Atkins, Co-Founder, Cake Equity
  • Gillian Gardiner, Chief Operating Officer, Advance Queensland
  • Stephen Lamb, Director, Contract and Investment Management, Advance Queensland

Subscribe

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