Funding for QLD businesses to develop an innovative product or service

Overview

Funding is available for projects that relate to developing an innovative product and/or service in the following context:

• innovative solutions to existing problems
• new to world innovation
• innovation diffusion (a unique application of a technology that is significantly different to any previous innovation in the market)
• innovation in the Indigenous context – identified by the applicant as innovative to cultural and community practices.

Check if you can apply

To be eligible, applicants must:

• be headquartered in Queensland
• have an Australian business number (ABN)
• have no more than 50 full-time-equivalent employees, or be a subsidiary of a group of companies that has more than 50 full-time-equivalent employees
• not have received prior funding for the proposed project activity from either the state, federal or local government
• be registered for goods and services tax (GST).

To be eligible, projects must:

• have an existing functional prototype for a product or service that is scalable to meet demand
• demonstrate that the product or service is ready to be validated in an industrially or operationally relevant environment
• demonstrate that the product or service is not in market.