Apply now for the Ignite Ideas Fund - Round 7

Moreton Bay Region startups can apply now for Ignite Ideas Fund - Round 7

Moreton Bay Region and Queensland-based startups or small businesses can now apply to take their innovation to market through Round 7 of the Advance Queensland Ignite Ideas Fund.

Grants of up to $200,000 (excluding GST) are available to enable Queensland businesses to take highly innovative new products or services that have reached minimum viable product stage or beyond, into the market for the first time, or into new markets.

About the Ignite Ideas Fund

The Queensland Government’s Advance Queensland initiative focuses on economic recovery, growing the economy and creating jobs. This includes supporting the growth of Queensland businesses to deliver new products and services into domestic and global markets, and establish new industries that will provide the jobs of the future.

The Ignite Ideas Fund supports Queensland based small to medium businesses that have high-growth 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 in to the future.

The impact of COVID-19 on the Queensland economy has been significant so the government is focusing on supporting those businesses that can assist in Queensland’s economic recovery now and in to the future. Market viability, job creation and scalability beyond completion of the project will be key considerations this funding round.

Round 7 Application Process

Round 7 of the Ignite Ideas Fund features a two-stage application process:

Stage 1 – Expression of Interest round

The first stage includes a short Expression of Interest application. Expressions of Interest should be submitted online before 10am, Thursday 16 July 2020

Stage 2 – Full Application round

Following assessment of the Expression of Interest applications, shortlisted applicants will be invited to submit a Full Application for stage 2.

Is your Moreton Bay Region business eligible?

To be eligible to apply for Ignite Ideas funding the applicant organisation must:

• be a business or start-up organisation headquartered in Queensland as at the application closing date
• be registered for GST as at the application closing date
• 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
• 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% of the value of grant 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
• 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 grant funding sought
• have been registered with the Australian Securities and Investments Commission (ASIC) prior to 1 July 2018

Organisations and their related parties are limited to one application per funding round.

Visit the website for more information including Round 7 eligibility criteria and how to apply.