The following handbook provides guidance notes on what information needs to be provided to complete the Ignite Ideas application form. The guidance notes provide a broad description of the information which your response should provide and the potential points which your application can address. This handbook should be read in conjunction with the FAQ document to provide clarification on some of the terminology used.
Applicant responses should be concise and address the guidance notes if possible. Responses can be in dot-point form to enable easier and faster identification of key issues.
The Ignite Ideas Fund will offer grants to enable small to medium enterprises to prove the technical and/or commercial feasibility of their product, process or service. To apply, you must already have a working prototype of your product, service or process that can be proved through support from the Fund.
Grants are in two tiers, with different requirements for matching funding and project duration.
Tier One – up to $100,000 (excluding GST) per project which may be used to fund from 60 to 100 per cent of total eligible project costs depending on the number of full-time equivalent (FTE) employees in the applicant’s business. Projects must be completed within 12 months.
Tier Two – from $100,000 up to $250,000 (excluding GST) per project which may be used to fund 50 per cent of total eligible project costs. Projects must be completed within 24 months.