Queensland-based startups and small businesses can now apply to take innovation to market through the Advance Queensland Ignite Ideas Fund.

Grants of up to $200,000 (excluding GST) are now available to eligible businesses. Applications are now open and expressions of interest close on Thursday, 7 July 2022.

The Ignite Ideas Fund is available to commercialise new and innovative products or services, which are at ‘minimum viable product’ stage or beyond. A minimum viable product is one that is beyond initial proof of concept/prototype stage with the program’s goal to support small to medium businesses who have high-growth potential.

Eligibility includes being a business headquartered in Queensland with no more than 50 full-time equivalent employees. The full criteria are available on the Ignite Ideas Fund website.

Round nine applications are now open.

This two-stage process is outlined as follows:

Stage one – Expression of interest

The first stage includes a short expression of interest application that must be submitted online before 10am on Thursday, 7 July 2022.

Stage two – Full application

Following the assessment of the expression of interest applications, shortlisted applicants will be invited to submit a full application.

Read more on the Ignite Ideas Fund on the Advance Queensland website which has more information about the process, eligibility and application guidance.

If you require any assistance understanding or applying for this opportunity, please contact your Hall Chadwick advisor.