Ignite Spark Program – Australia

In particular, the program aims to support innovation driven enterprises to progress prototypes to advanced staged products and/or services that have been tested, validated, customer endorsed and are ready to be commercialised.

An innovation driven enterprise is a business that emphasises innovative solutions as a key driver of growth, competitive advantage, and value creation. Such enterprises focus on developing and commercialising new products or services to achieve their strategic objectives.

The objectives of the program are to:

• 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

• Funding of $50,000 to $75,000 (excluding GST) is available for projects with a duration of up to twelve months with a matched funding contribution from the applicant organisation as outlined below:
  • Tier 1
    • For applicants headquartered in South East Queensland, a 20 percent matched funding contribution is required.
  • Tier 2
    • For Indigenous businesses and/or applicants headquartered in a Queensland region a 10 per cent matched funding contribution is required.
    • Successful applicants will be eligible for additional business development support through the Ignite+ program.

Eligibility

• To be eligible for funding, applicant organisations must, at the time of application, and for the duration of the funded project:
  • 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
• To be eligible for funding, at the time of application, projects must:
  • have an existing functional prototype for a product or service that is scalable to meet industry/market demand
  • demonstrate that the product or service is ready to be validated in an industrially or operationally relevant environment
  • demonstrate that the product or service is not currently in market
  • Organisations and their related parties are limited to one application per funding round.

For more information, visit Queensland Government.