About the program
As part of Advance Queensland's (AQ) Corporate Innovation Network (CoIN), the Private Sector Pathways (PSP) Program aims to create commercial opportunities for innovative Queensland businesses by connecting them to corporates and provide a risk-managed process to explore and co-fund solutions to corporate challenges.
Benefit for Queensland businesses (SMEs and scaleups)
- AQ funding to trial technologies with corporates
- Create connections with corporates and potential commercial contracts
- Opportunity to pivot products or services to a new sector
- Retain intellectual property
- Building credibility by having large corporate customers.
Benefit for corporates
- Expose to latest technological innovation
- Solve corporate challenges using local solutions and technologies
- Diversify procurement and supply chain options to a wide range of Queensland innovative businesses
- Co-fund, de-risk and increase speed of adoption of improved efficiencies and technologies.
How it works
The PSP Program uses a staged process designed to manage risk while providing a straightforward pathway for trialling Queensland-developed solutions.
- Identify
Advance Queensland works with corporates to nominate challenges and define their scope and parameters. A challenge statement will set out the benefits sought and identified constraints. - Release
The challenge statement is released to market and information sessions may be held to allow applicants (SME/Scaleup) to better understand the challenge from the corporate. - Engage
Applications are assessed, and shortlisted applicants (SME/Scaleup) may be invited to present their proposed solutions with the evaluation panel. - Select
An applicant (SME/Scaleup) with feasible solutions is selected and final parameters and negotiations are finalised before entering the project stage. - Fund
The successful applicant (SME/Scaleup) will receive funding from Advance Queensland and the corporate to develop and pilot their proposed solution. Advance Queensland will match the corporate’s funding contribution up to $50,000. The corporate contribution may be more than $50,000 to cover total project costs greater than $100,000.
What’s important
- Each challenge will be co-funded by Advance Queensland and the Corporate Challenge Owner for up to 6 months. Challenge Statements will provide a guide of expected project costs.
- Participating corporates (Challenge Owner) will assemble evaluation panels, including Advance Queensland staff, to assess the applications. These panels may include technical, operational, policy and commercial experts. Full evaluation criteria are included in each challenge statement and SmartyGrants application form.
- The successful applicant will be required to enter into a PSP Program Agreement with Advance Queensland and the corporate partner, which will include the terms of participation.
- The applicant (SME/Scaleup) owns the Intellectual Property (IP) that they provide and/or develop during their PSP project. Any background IP the Corporate owns and is provided for during the project, the Corporate retains. The terms of participation set out how IP is managed through the PSP program.
More information
- Read the Private Sector Pathways Program Guidelines for more details.
- Email partnerships@dtis.qld.gov.au.
