What is the Ignite Ideas Fund?

The Ignite Ideas Fund is an initiative to support Queensland based start-ups and small to medium Queensland businesses to commercialise innovative products, processes and services to enable them to grow and compete in a global market and create new jobs.

 

Background

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 of the Ignite Ideas Fund.

 

Funding

Ignite Ideas 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.

 

Eligible Projects

Ignite Ideas Fund projects should focus on activities that commercialise a new and innovative product or service and fall within the following eligible cost categories:

  • salaries of project staff (including
    salary-related on-costs)
  • services provided by (unrelated) external parties
  • consumables and equipment
  • travel, accommodation and subsistence costs.

It is expected that all Ignite Ideas funding will be expended in Queensland, unless it can be demonstrated that expenditure outside Queensland is essential to ensure successful delivery of the project. Project costs must be deemed appropriate for the project and reasonable in nature by the Department.

 

Eligible Applicants

To be eligible to apply for the Ignite Ideas Fund, 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.

 

Timing

Applications for Round 7 of the Ignite Ideas Fund closed on 16 July 2020.

 

More Information

 

Round 1 Recipients

Admedus Vaccines – $250,000
Trialling a therapeutic HPV vaccine in a Phase Ib, randomised, double-blinded, placebo controlled, escalating dose study to assess the safety, tolerability, immunogenicity and exploratory efficacy of the vaccine in women with chronic pre-cancerous Vulvar Intraepithelial Neoplasia.

Agalytics – $100,000
Commercialise a smartphone enabled sensor that allows farmers to quickly and easily measure the soil nutrients, at a fraction of the cost of laboratory testing, with results in minutes, not weeks.

Alsonex – $100,000
Progress a new anti-inflammatory drug candidate towards clinical trials for Motor Neuron Disease.

Apunga – $100,000
Develop tools and processes to streamline customer onboarding to Apunga, a cloud-based horticultural farm management solution.

Arthritis Relief Plus Limited – $93,500
Support the global market positioning of 4jointz®, a unique patented and clinically tested over the counter topical cream for osteoarthritis, joint pain and some other degenerative joint conditions providing a safe, remarkably effective option combining nature with robust science.

Atmail – $100,000
Assist with the commercialisation of Atmail’s object-storage technology for the US and Japanese markets.

Axis Energy Group – $100,000
Optimisation of a proprietary wind energy technology using advanced Computational Fluid Dynamics modelling for improved wind energy harnessing.

Bayro No.1 – $250,000
Commercialisation of a world first feeding device for people worldwide who have trouble swallowing.

Brisbane Materials Technology – $100,000
Commercialisation of a new LED manufacturing materials that would increase efficiency and lifetime of LED allowing LED to produce more light, use less energy and last longer.

Coral Sunscreen – $250,000
Commercialisation of a world first UV filter technology that mimics the corals natural sun protection mechanism.

Didgigo Marketing – $100,700
Conduct market validati