Advance Queensland is the Queensland Government’s $500 million initiative that aims to:
“Position Queensland as a place where entrepreneurs, industry, universities and government collaborate to turn great ideas into commercial products and businesses that create jobs.”
It encompasses a suite of programs designed to create the knowledge-based jobs of the future, drive productivity improvements, and promote the state as an attractive investment destination with a strong innovation and entrepreneurial culture.
The following programs from the Advance Queensland initiative demonstrate the value of researchers, knowledge application, and research commercialisation to the state.
Business Development Fund
The Business Development Fund helps to turn ideas into reality with co-investment in Queensland businesses at the forefront of commercialising ground-breaking research or innovations. Queensland businesses can apply for $125,000 to $2.5 million in funding to commercialise research, an innovative idea, or an innovative product or service.
Commercialisation Partnership Program
The Commercialisation Partnership Program places Queensland innovators in Chinese incubators to collaborate with global expertise, access top facilities and accelerate commercial outcomes.
Founders’ Fellowships supports researchers, scientists and clinicians to develop their innovations into practical commercial outcomes, and to access appropriate support.
Global Partnership Awards
The Global Partnership Awards supports collaboration between Queensland and international innovators by offering graduates, researchers and entrepreneurs the chance to learn directly from overseas successes.
The Global Partnership Awards include:
- The Innovation and Market Insight program
Designed to enable Queensland startups, business leaders, investors and support organisations to undertake accelerated learning by engaging with world leading companies, venture capital and angel investors, accelerator programs, and startup systems.
- The International Innovation Partnerships program
Will establish medium to long-term strategic relationships with global research or innovation organisations. The program provides opportunities to build joint investments with leading global research institutions or universities to support collaborative research and development.
Innovation Partnerships positions Queensland as a global innovation hub by providing grants of up to $1.5 million for Queensland research organisations to collaborate with industry on research projects.
Knowledge Transfer Partnerships
The Knowledge Transfer Partnerships program builds collaboration between universities and small businesses by providing up to $50,000 funding to small businesses to employ a university graduate to work on an innovative project.
Small Business Innovation Research Program
The Small Business Innovation Research program supports innovators to develop and test new, commercially viable solutions to specific Queensland Government challenges.