Program overview

Who is it for?

South East Queensland organisations who represent existing SEQ innovation precincts and places.

What are the grant/program objectives?

Invest in capital projects to ignite innovation precincts to deliver more knowledge intensive jobs.

What does it involve?

The $150 million SEQ Innovation Economy Fund will support new or improved infrastructure developments and/or acquisition of plant and equipment (that contribute to innovation focused priority industries and innovation growth sectors).

What are the grant/program goals?

  • Accelerate the delivery of jobs
  • Grow the SEQ innovation economy through innovation focused priority industries and innovation growth sectors
  • Leverage and develop connections and partnerships

What will recipients get?

Grants are available for two categories:

  • Tier 1: Minor capital projects, including refurbishments and/or plant and equipment – Funding of $1 million to $5 million (excluding GST)
  • Tier 2: Major capital projects, including new builds, extensions, refurbishments, and/or plant and equipment – Funding of $5 million to $25 million (excluding GST)

A 50% cash co-contribution must also be provided by the applicant and/or project partners

How do you apply?

Applications are now closed.

Applicants must meet the eligibility criteria and will be assessed against the Guidelines.

The Smarty Grants Help Guide provides guidance and has lots of helpful hints about how to apply for grants.

Submission deadline

Applications for this program closed on Friday 13 December 2024.

It is anticipated that successful recipients will be notified by mid-2025.

Eligibility criteria

To be eligible for the fund, the applicant organisation must be:

  • an eligible public or private sector entity
  • GST registered with an ABN
  • operating in an eligible SEQ local government area
  • trading for more than 12 months.

Entities that are ineligible to be an applicant could be a project partner to the applicant.

Eligible projects must be for the establishment of new or improved infrastructure for an existing innovation precinct in SEQ.

Please refer to the Innovation Economy Fund Guidelines (PDF, 426KB) for detailed eligibility criteria and definitions.

Information webinar

Contact

If you have questions about this program, contact us by calling 13 QGOV (13 74 68) or emailing SEQIEF@des.qld.gov.au

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Supporting resources

Additional support