Queensland Minister for Minister for the Environment and the Great Barrier Reef and Minister for Science and Innovation, Leanne Linard (AAP Image/Darren England)
The Queensland government’s Advance Queensland initiative has allocated over $5.5 million in grants to 56 local SMEs. These funds aim to aid in the development and commercialisation of new and innovative products and services.
The funding is split between two programs: the Ignite Ideas Fund and the new Ignite Spark Program. The Ideas Fund offers grants of up to $200,000 and assists businesses in bringing viable products to the market. The Spark Program offers grants of up to $75,000 and supports businesses in advancing their products from prototype to being more market-ready.
The Queensland Minister for Science and Innovation, Leanne Linard, highlighted the significance of these programs in empowering Queensland’s innovative enterprises.
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