WHAT’S THE BIG IDEA QUEENSLAND?

Written on the 10 November 2010

WHAT’S THE BIG IDEA QUEENSLAND?

BUSINESSES with ‘big ideas’ will have the opportunity to access up to $50,000 in funding to put their plans into action, as part of a State Government initiative.

The ‘What’s Your Big Idea Queensland?’ program will be jointly run with the Australian Industry Group (Ai Group) and will fund up to $2.5 million worth of business ventures, catering to SMEs that have up to 200 staff.

Premier Anna Bligh says Queensland businesses are some of the most innovative in Australia and says the program will help to boost economic growth.

“It's a program that reduces red tape and gives businesses the freedom to tell us what their big idea is and why they should have a share of an initial $1 million prize pool this financial year,” she says.

“There are over 400,000 businesses in Queensland and every-one of them relies on new and exciting commercial ideas to grow and this program will help further invigorate their innovation efforts."

The judging panel for grants will comprise heavy hitters including, Virgin Blue founder Brett Godfrey, QUT Deputy Vice Chancellor Arun Sharma, QMI Solutions CEO Jim Walker and Vulture Street consulting principal Kate Morrison.

Ai Group Queensland director Matthew Martyn-Jones says the new vouchers will raise awareness about innovation and help businesses face the pressures that arise from the minerals boom.

“It's critically important to support innovative ideas and their commercialization to help give businesses a boost in the face of the pressures on industry arising from the minerals boom,” he says.

“Such impacts including the high dollar, pressure on wages, skill shortages and interest rates, are impacting on productivity, particularly in sectors such as manufacturing.

“The new vouchers will both raise awareness of the importance of innovation and give successful business applications under the scheme some support to re-think their business model, develop new products or processes and contribute to making their enterprises and Queensland more productive and profitable."


Latest News

2017 BRISBANE TOP COMPANIES REVEALED

WHILE Queensland is regarded as an economy in transition with the winding down of the mining boom, the 2017 top 50...

2017 BRISBANE TOP COMPANIES 1-10

FROM insurance and banking to travel, gambling, retail, property and pizza, these "heavyweights" have ha...

2017 BRISBANE TOP COMPANIES 11-20

RETAIL, property, an airline, cars, real estate, software services, energy, agriculture, veterinary services bathr...

2017 BRISBANE TOP COMPANIES 21-30

JEWELLERS Michael Hill International listed in 2016 with a half-billion dollar market capitalisation and a new CEO...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter