The Advance Queensland Initiative is boasting an array of grant and funding opportunities for Queensland startups. The initiative – established in 2014 – has been supporting Queensland startups by improving access to finance, driving innovation and building on the state’s natural advantages. The Advance Queensland Initiative is said to be an investment in a “stronger Queensland economy” with $1.5 billion already invested.
The initiative promotes the collaboration between research bodies and industry by funding programs such as the Regional Angel Investors Support Program, Industry Attraction Fund and Innovation Partnership Grants. In previous years, funding was allocated to fields utilising agritech, biotech and meditech. With the success of previous funding recipients driven by the initiative, we decided to compile a list of opportunities open in 2021:
Business Growth Fund Program
The Business Growth Fund (BGF) is delivering funding to Queensland startups, small and medium-sized businesses experiencing high-growth to buy equipment to assist in scaling the venture. Startups may be eligible for a single payment of up to $50,000 to put toward the purchase of specialised equipment in order to maximise economic returns. Eligible specialised equipment may include logistics systems, production and manufacturing equipment.
Deadly Deals Grant
Deadly Deals provides funding assistance for Indigenous startups and businesses to develop a product, process or service for market. The funding will go toward the development of an innovative offering. To be eligible for the funding of up to $100,000 startups must be headquartered in Queensland, be registered for Goods and Service Tax (GST), have an idea supported by a business plan and have no more than 50 employees. Applications are now open on a rolling basis.
Women’s Research Assistance Program (WRAP)
The Women’s Research Assistance Program (WRAP) supports female scientists to continue their research when they are on maternity leave. The grants of up to $26,000 are available for Queensland-applicants who aim to continue their research following their leave period. The grant’s objective is to retain female researchers in universities, businesses or Queensland startups. Applications are now open and will close when the total funding amount has been exhausted.
At Allied Legal we can assist your startup in accessing the latest funding and grant opportunities. Whether you are a Queensland startup, or you are located either nationally or internationally, we are available to help. If you need assistance applying for a grant, or if you need startup-specific legal advice, give us a call on 03 8691 3111 or send us an email at hello@alliedlegal.com.au.
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