The Queensland government is providing financial grants to businesses designing projects to support and optimise the Queensland electric superhighway.

Up to 70 Queensland businesses will receive a grant as part of more than $8.3 million of innovation funding through the Palaszczuk Government.

Announced on the 1st of August, the funding comes from the Advance Queensland Ignite Ideas initiative, designed to support companies with products on the cusp of commercialisation, or ready to scale up for new markets.

Innovation Minister Kate Jones said Ignite Ideas was about supporting entrepreneurs from across Queensland to grow their businesses and employ more staff.

“These companies will use the funds to ramp up market development and expand their workforce,” she said.

“Through a highly competitive, independently assessed process they showed they have an innovative product, the talent and the right mindset to take their business to new levels and new markets.

“The Palaszczuk Government has now supported 271 Queensland businesses through $34.65 million (four rounds) of Ignite Ideas, driving more than one thousand new jobs.”

Member for Jordan Charis Mullen today said, “electric vehicles are the way of the future. That’s why we’ve invested $100,000 to help businesses scale-up their operation and ultimately create more jobs in Queensland,” she said.

Queensland’s Chief Entrepreneur Steve Baxter said the Ignite Ideas funding would help the 70 businesses take their next big step forward.

“Access to capital is one of the key challenges for early stage startups. The Ignite Ideas grants provide a source of funding that can take these businesses to the next level, helping them commercialise quickly,” Mr Baxter said.

Source: Media Statement – Minister for Innovation and Tourism Industry Development and Minister for the Commonwealth Games, The Honourable Kate Jones 

2 Aug 2018

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