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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
  • Applications are now open and close at 2.00pm EST on Wednesday 9 May 2018.
  • Additional application requirements apply.

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 market-ready; or in a local market and ready to scale into new markets; or has the potential to significantly disrupt or ‘step-change’ key industries in Queensland.

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.

Funding recipients

Round 3 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 registered and head-quartered in Queensland
  • 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 five criteria and assigned weightings:

  1. Innovation and market potential (25% weighting)
  2. Market readiness (15% weighting)
  3. Project planning, feasibility, budget and timeframes (20% weighting)
  4. Technical and management capability (15% weighting)
  5. Benefits to Queensland and regional impact (25% weighting).

How to apply

Submissions are now open.

Apply now

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.

Ignite Ideas Information Sessions

Ignite Ideas Fund Information Session—Rockhampton

Wednesday 18 April 2018 | 5.30pm – 7.00pm
Customs House, 208 Quay St Rockhampton.  Light refreshments will be provided.

Book your ticket now

Ignite Ideas Fund Information Session—Gladstone

Thursday 19 April 2018 | 1.30pm – 3.00pm
Gladstone Events Centre, Corner Wood and Bell Streets, South Gladstone.

Book your ticket now

Ignite Ideas Fund Information Session—Mackay

Thursday 19 April 2018 | 12.30pm – 2.00pm
Split Spaces, Level 2 Building 4, 92 Sydney Street Mackay.  Light refreshments will be provided.

Book your ticket now

Webinar series

Ignite Ideas Fund Webinar

In this Ignite Ideas Fund webinar Brian Ruddle, Managing Director at Impact Innovation Group, discusses what’s new in Round 4, the need-to-know eligibility and assessment criteria, and commonly overlooked FAQs.

Attracting investment and winning customers webinar series

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


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Licence
Creative Commons Attribution-NoDerivs 3.0 Australia (CC BY-ND 3.0)
Last updated
17 April, 2018

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13 QGOV (13 74 68)

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