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Queensland Ignite Ideas Fund

Tier 1 up to A$100,000 for up to 12 months with cash contribution at least 20% of grant sought; Tier 2 over A$100,000 to A$200,000 for up to 24 months with a 1:1 cash match · Advance Queensland

Queensland Ignite Ideas Fund is a grant programme from Advance Queensland for Queensland-headquartered SMEs commercialising an innovative product or service with global growth potential Current lifecycle: closed. Real economics: Tier 1 up to A$100,000 for up to 12 months with cash contribution at least 20% of grant sought; Tier 2 over A$100,000 to A$200,000 for up to 24 months with a 1:1 cash match.

Tier 3governmentaustraliagrantnon-dilutive

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Key facts

FunderAdvance Queensland
AmountTier 1 up to A$100,000 for up to 12 months with cash contribution at least 20% of grant sought; Tier 2 over A$100,000 to A$200,000 for up to 24 months with a 1:1 cash match
Decision timeNo fixed notification date is published; invited full applications undergo merit assessment and due diligence.
EligibilityA Queensland SME must have a validated market-ready MVP not already broadly commercialised, propose first-time commercialisation and customer growth, avoid duplicate government support for the same activity, and provide the applicable cash match.
RestrictionsTier 1 pays 50/40/10 and Tier 2 pays 25/25/25/15/10 against agreement, milestone reports and evidence including transaction listings, invoices, payslips, receipts and bank statements. Commercialisation only, not prototype completion, routine operations, large-scale production or clinical trials. In-kind contributions do not count as match and pre-agreement cost is excluded.
Statusclosed

Always confirm on the official page before applying — dates and terms change.

Application process

  1. Submit one expression of interest per related group
  2. Pass eligibility and competitive merit ranking
  3. Submit an invitation-only full application
  4. Complete independent assessment and due diligence
  5. Negotiate milestones and funding agreement

Background

Advance Queensland operates Queensland Ignite Ideas Fund. This pass separates direct cash, repayable finance, credits, incentives and umbrella programs so later ranking does not compare unlike instruments. Program-level success is tracked through market launches, survival, exports, ecosystem strength and jobs The official route adds Ignite+ business-development support to cash awards

How the application really works

Submit one expression of interest per related group → Pass eligibility and competitive merit ranking → Submit an invitation-only full application → Complete independent assessment and due diligence → Negotiate milestones and funding agreement

Tips

Watch out for

Track record

The government describes the round as significantly oversubscribed but publishes no application and award denominator.

Frequently asked questions

Is this actionable now?
closed. Round 13 is closed; it used a two-stage expression-of-interest then invitation-only full application.
What is the real economic value?
Tier 1 up to A$100,000 for up to 12 months with cash contribution at least 20% of grant sought; Tier 2 over A$100,000 to A$200,000 for up to 24 months with a 1:1 cash match
Who is eligible?
A Queensland SME must have a validated market-ready MVP not already broadly commercialised, propose first-time commercialisation and customer growth, avoid duplicate government support for the same activity, and provide the applicable cash match.
How does selection work?
Submit one expression of interest per related group; Pass eligibility and competitive merit ranking; Submit an invitation-only full application; Complete independent assessment and due diligence; Negotiate milestones and funding agreement. No fixed notification date is published; invited full applications undergo merit assessment and due diligence.
What burden and restrictions apply?
Tier 1 pays 50/40/10 and Tier 2 pays 25/25/25/15/10 against agreement, milestone reports and evidence including transaction listings, invoices, payslips, receipts and bank statements. Commercialisation only, not prototype completion, routine operations, large-scale production or clinical trials. In-kind contributions do not count as match and pre-agreement cost is excluded.
What evidence exists?
Program-level success is tracked through market launches, survival, exports, ecosystem strength and jobs The official route adds Ignite+ business-development support to cash awards The government describes the round as significantly oversubscribed but publishes no application and award denominator.

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Sources