Dr Anthony Lynham

STATE MEMBER FOR STAFFORD

Innovation grants for businesses

11 March, 2019 –

Small-to-medium businesses are eligible for grants of up to $200,000 through round five of the Advance Queensland Ignite Ideas Fund.

Since its launch three years ago, we’ve invested $34 million to support almost 270 companies through the Ignite Ideas program. This is to help Queensland businesses to grow, employ more staff and support the economy.

Already, we’ve created 1,000 new jobs through Ignite Ideas with about two-thirds located in regional Queensland. That’s what our Advance Queensland strategy is all about – creating the jobs of the future in our state.

Previous successful start-ups include De Motu Cordis Ltd and their Epihaler project to assist sufferers of anaphylaxis – it’s exciting to see local innovation come to life, present job opportunities, and potentially help to save lives.

Other success stories include Aurtra – a Queensland company that received $100,000 to develop a data logger which is now being used throughout the US and Australia to monitor transformers for power supply.

Each of these recipients has great commercial potential. They are looking to export their products overseas and create sustainable jobs in Queensland.

We’re committed to investing in innovative local companies that employ Queenslanders. I encourage anyone with a product ready for the next big step to apply for an Ignite Ideas grant.

Applications for expressions of interest close on 25 March 2019.

For more information, visit advance.qld.gov.au/entrepreneurs-startups/ignite-ideas-fund.aspx

Useful resources

Download the Innovative Pathways flyer – info and support for inventors and entrepreneur [PDF]