Deadline: 8 April 2024
Ignite Ideas funding is available to commercialise highly innovative and new products or services that are at minimum viable product stage or beyond.
The Ignite Ideas Fund supports Queensland based innovation driven enterprises that have highgrowth potential to undertake commercialisation projects that will:
- 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.
Ignite Ideas funding is available to commercialise highly innovative and new products or services that are at minimum viable product stage or beyond.
Ignite Ideas funding will not support the development of a concept for a new business; the improvement or development of a new iteration of an existing product or service that is already in market; or the entry into a new market for a product or service that is already in a market. The Ignite Ideas Fund is a companion program to the Advance Queensland Ignite Spark Program which funds projects to progress highly innovative products or services from the functional prototype stage, through testing and validation, to the market ready stage.
Available Funding
- Funding is available under two tiers:
- Tier 1 Up to $100,000 (excluding GST) for projects of up to 12 months duration.
- Tier 2 Greater than $100,000 and up to $200,000 (excluding GST) for projects of up to 24 months duration.
- Successful applicants will be eligible for additional business development support through the Ignite+ program. This program will encompass support across sales and marketing: customer acquisition; scalability; competitor analysis: intellectual property / legal support; financial structure; connections to mentors and sponsors; and access and introductions to business and investment networks.
Eligibility
- To be eligible for Ignite Ideas funding, the applicant organisation must, at the time of application and for the duration of the 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 in total
- be registered for GST
- not have received funding for the proposed project activity from either the state, federal or local government.
- If applying for Tier 1, the applicant organisation and/or related parties must:
- not have received Ignite Ideas funding previously
- make a cash contribution to the project that is at least equal to 20 per cent of the value of Ignite Ideas funding sought.
- If applying for Tier 2, the applicant organisation and/or related parties must:
- not have received an Ignite Ideas Fund Tier 2 grant previously
- not be applying for a product or service that has previously received Ignite Ideas funding
- have successfully completed any project funded under Tier 1 of the Ignite Ideas Fund (if relevant)
- make a cash contribution to the project that is at least equal to the amount of Ignite Ideas funding sought.
- Organisations and their related entities are limited to one application per funding round.
For more information, visit Australian Government.