Queensland universities and research organisations can now apply for grants of up to $1.5 million to undertake research and development projects in collaboration with an industry partner.
The $28 million Advance Queensland Innovation Partnerships program was designed to accelerate the development of emerging industries and technologies that could provide Queensland with a competitive edge in global markets.
The program encourages end users, such as small to medium sized enterprises, industry organisations or not-for-profits, to work on projects with the research sector to help translate more innovative ideas into new products, services or business models.
The Innovation Partnerships program aims to boost productivity growth and competitiveness within established industries by supporting projects that address issues in priority areas such as agriculture, engineering, climate change, clean energy, biotechnology and advanced manufacturing.
Investment in these areas will help Queensland develop and grow as a global innovation hub that provides a gateway into international markets.
The program will leverage on investment that applicants have already secured and match this with funding of up to $500,000 per year for up three years, to help cover the costs of undertaking the project.
The Advanced Queensland Johnson & Johnson Innovation Quick Fire Challenge was launched under this partnership and is focussed on innovative health research and development in our state.
Projects such as these will help grow Queensland’s knowledge economy and position our state as an attractive investment destination.
Applications are now open and interested organisations are encouraged to apply.
Further information and details are available online at www.qld.gov.au/advanceqld