Ignite Ideas Round 9 Now Open
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 is Queensland based industry support for SME businesses with 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 into the future.
For Round 9, successful recipients will be eligible for additional business development support through Advance Queensland’s new Ignite+ program.
This pilot program will provide support across sales and marketing, customer acquisition, competitor analysis, intellectual property (IP)/legal support, financial structure, connections to mentors and sponsors, and access and introductions to business and investment networks.
Funding is available in two tiers:
Up to $100,000 (excluding GST) for projects of up to 12 months duration.
Greater than $100,000 and up to $200,000 (excluding GST) for projects of up to 24 months duration.
Are you Eligible?
In order to be eligible for funding, your business must:
- be headquartered in QLD
- have less than 50 full-time employees
- not be a subsidiary for a larger company
- not have already receive funding for the proposed project
- be GST registered.
Tier 1 Eligibility
- Not have received an Ignite ideas Fund previously.
- Make a cash contribution to the project equal to 20% of project cost
Tier 2 Eligibility
- not previously received a tier 2 grant
- not be applying for a product or service that has previously received Ignite Ideas funding
- your business must have successfully completed a Tier 1 funded project if a tier 1 grant was applied for.
- make a cash contribution equal to the sought funding
Expression of Interest applications will close Thursday, 7 July, 2022 at 10:00 a.m.
Ignite Ideas advise late applications will not be accepted.
TCF Services & Ryan have a history of delivering successful Ignite Ideas claims.
Give us a call to get started
Ryan can assist with services such as:
- Scope your potential to claim various grant programs
- Assist with the preparation and lodgement of grant applications
- Review or provide a health check on your internally prepared grant applications
- Establish record-keeping practices as required under various grant programs
- Provide prepayment loans against future cash refunds under the R&D Tax Incentive
- Keeping industry informed on all new Government policy and grant initiatives
Don’t hesitate to give us a call.