Ignite Ideas Fund - Queensland

Description

Supports the development of new or improved products, processes or services to secure investment, launch into global markets and grow business.

Funding of up to $250,000 per project is available to help businesses by supporting activities that prove your idea will work or to assist with identifying a market or investor for your product, process or service.

The Ignite Ideas fund aims to:

  • increase commercialisation rates of Queensland ideas
  • create high-value knowledge intensive jobs
  • secure new investment
  • form new collaborative partnerships
  • increase exports
  • increase business investment in R&D
  • increase levels of business innovation.

Service type

Support Service

A service offered by government to aid in running a business.

Eligibility requirements

To be eligible for funding, organisations must be a Queensland based organisation and meet the following requirements:

  •  have less than 200 full time equivalent staff
  • be registered for GST before the project commences
  • have a product, process or service which is at, or beyond, minimum viable product/working prototype stage
  • have an innovative, unique or new product, process or service with the potential to achieve high growth
  • have identified customer(s), industry partner(s) or investor(s).
You will be assessed on the:
  • innovation and market potential of your project
  • project feasibility, budget and timeframes
  • technical and management feasibility
  • anticipated outcomes for Queensland.

Administering agency

Department of Science, Information Technology and Innovation

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Advance Queensland Implementation Unit

Department of Science, Information Technology and Innovation

Phone: 13 QGOV (13 74 68)
Email: advancequeensland@dsiti.qld.gov.au
Website: Advance Queensland (Opens in new window)