The Ignite Ideas fund had supported more than 270 Queensland businesses to date, through $26.5 million and three rounds of Ignite Ideas funding.
Through four rounds of funding the Ignite Ideas program has supported hundreds of Queensland companies, and created more than 1,000 jobs.
Ignite Ideas funding has supported applicants tourism, agriculture, advanced manufacturing, engineering, renewable energy, information technology, virtual reality, safety and construction sectors.
Through this Advance Queensland program, the Queensland Government is providing innovative businesses with opportunities to take their ready-to-market idea to the next level.
I’m encouraging small businesses and innovators in Bancroft to apply for Round 5 of this program.
Projects are assessed on their ability to commercialise innovative products and demonstrate job creation and a positive impact for our regional economy.
Innovation Minister Kate Jones has said that the Advance Queensland Ignite Ideas program targets businesses with fewer than 200 staff that have a suitable working prototype that is ready to be turned into commercial reality.
Advance Queensland is the Palaszczuk Government’s $518 million initiative to diversify Queensland’s economy, create the jobs of the future and build Queensland’s reputation as a global innovation and investment destination.
More information on the program is available on the Advance Queensland website https://advance.qld.gov.au/entrepreneurs-startups/ignite-ideas-fund.aspx.