Ignite Spark Program

Ignite Spark Program

What is Ignite Spark Program

The Ignite Spark Program offers $50,000 to $75,000 to Queensland-based SMEs for advancing innovative products or services towards commercialisation.


Background

The Ignite Spark Program supports Queensland’s innovation-driven SMEs in their journey to bring groundbreaking products or services closer to market readiness. This initiative is part of the state’s strategic efforts to foster a culture of innovation, ensuring that local enterprises not only thrive in competitive domestic and international arenas but also contribute to the diversification and strengthening of Queensland’s economy. By aiding the transition from prototypes to market-ready innovations, the program aims to ignite sustainable growth, create valuable employment opportunities, and reinforce Queensland’s reputation as a hub for innovation and entrepreneurship.


Objectives

The objectives of the Ignite Spark Program are to:

  • Strengthen key industries in Queensland by accelerating the development of innovative products or services.
  • Diversify the Queensland economy through the support of innovation-driven enterprises.
  • Enhance the competitiveness of Queensland’s businesses in both domestic and global markets.
  • Promote engagement with and bring benefits to regional Queensland.
  • Support the creation of new jobs, fostering long-term employment opportunities within the state.


Eligible Entities

Eligible entities for the Ignite Spark Program are:

  • Businesses headquartered in Queensland.
  • Entities with an Australian Business Number (ABN).
  • Organisations registered for Goods and Services Tax (GST) at the time of Full Application submission.
  • Businesses with no more than 50 full-time-equivalent employees.
  • Companies that are not a subsidiary of a group with more than 50 full-time-equivalent employees.
  • Applicants that have not received funding for the proposed project from state, federal, or local government.
  • Organisations willing to commit a cash contribution to the project that is at least equal to 10% of the funding sought for Tier 2 applicants, or 20% for Tier 1 applicants. Matched funding must be sourced internally or from investors and cannot include other Queensland Government grant funding. In-kind and non-cash contributions are not considered eligible as matched funding contributions.
  • Each organisation and its related entities are limited to one application per funding round.

Eligible Expenditure

The eligible expenditure for the Ignite Spark Program are:

  • Development and testing of functional prototypes for scalable products or services.
  • Validation of products or services in an industrially or operationally relevant environment.
  • Customer endorsement activities to demonstrate market demand and readiness for commercialisation.
  • Activities directly contributing to moving the product or service from prototype to market entry.
  • Matched funding contributions, sourced internally or from investors, dedicated to project-specific commercialisation activities.


Funding

Eligible Queensland businesses can apply for grants between $50,000 and $75,000 with matched funding on a basis of 10% to 20%, depending on location and business type.


Eligible Activities

Eligible expenditure for the Ignite Spark Program includes:

  • Advancing prototypes to market-ready innovative products or services.
  • Validation and customer endorsement of new or significantly improved products/services.
  • Activities to bring the product/service to market, including testing in relevant environments.
  • Matched funding contributions dedicated to the project’s commercialisation efforts.
  • Efforts to demonstrate the product or service’s scalability and industry/market demand.


How to get Ignite Spark Program

In order to get the Ignite Spark Program grant, you will need to focus on:

  • Demonstrate Working Functional Prototype Stage: Ensure your application clearly shows your product/service is ready for validation in a relevant environment.
  • Highlight the Opportunity: Explain how the grant will significantly progress your prototype through validation and testing.
  • Showcase Innovation: Detail how your product/service is innovative, unique, and new, addressing a specific market need.
  • Scalability: Prove your innovation can be quickly scaled to meet industry or market demand.
  • Intellectual Property Strategy: Outline your approach to protecting the intellectual property of your product/service.
  • Well-Planned Activities: Present a well-structured plan showing how activities will advance your prototype towards commercial readiness.
  • Appropriate Project Expenditure: Justify that your project budget aligns with the planned commercialisation activities.
  • Skills and Experience: Demonstrate your team has the necessary skills and experience to successfully deliver the project.
  • Project Appropriateness: Confirm the planned activities are suitable for the stage of innovation being progressed.
  • Sustainability and Resilience: Illustrate how the project will enable growth, attract future investment, and maintain your base in Queensland.


Timing

The closing date for the Ignite Spark Program Round 2 is 22 April 2022 at 11am.


More Information

Source
Guidelines

FAQ

The Ignite Spark Program provides funding to Queensland-based small to medium-sized enterprises to help develop innovative products or services closer to market.

Businesses headquartered in Queensland with no more than 50 full-time-equivalent employees, registered for GST, and not a subsidiary of a group of companies that has more than 50 full-time-equivalent employees.

Projects that progress prototypes to advanced-stage products or services, which have been tested, validated, and are ready for commercialisation.

Funds can be used for activities like prototype development, validation and testing in an industrially relevant environment, and moving innovative products or services towards commercial readiness.

Expressions of Interest for Round 2 close at 11am, 22 April 2022.

Yes, a matched funding contribution is required, with the percentage depending on your organisation’s location and whether it’s an Indigenous business.

Funding of $50,000 to $75,000 (excluding GST) is available, depending on the project’s scope and the applicant’s contribution level.

No, the funding is intended for the development of the product or service and cannot be used for FDA/TGA or other regulatory approval costs.

Bulletpoint specialises in assisting with large grant applications and can provide expert guidance for the Ignite Spark Program application process.

MYTHS & MISCONCEPTIONS

Contrary to popular belief, the Ignite Spark Program supports a broad range of innovation-driven enterprises, not just those in the tech sector. If your project is innovative and has high-growth potential, it may be eligible.

While the application requires detailed information, it’s designed to be accessible. Plus, resources and support are available to help applicants through the process.

The program aims to support projects at the prototype stage, helping to advance them to a stage where they’re ready for commercialisation. A functional prototype is what you need to get started.

Funding from the Ignite Spark Program must be used for specific commercialisation activities related to the development of the innovative product or service. It cannot cover general business operating costs or capital works.

Being a recipient of other government grants does not automatically disqualify you. However, the project for which you’re seeking Ignite Spark funding should not have received funding for the same activities from state, federal, or local government.



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