Home Property Australia Expressions of interest for innovation fund open

Expressions of interest for innovation fund open

  • October 11, 2024
  • by Property Australia
Expressions of interest are now open for the $150 million SEQ Innovation Economy Fund

Expressions of interest for the $150 million South East Queensland Innovation Economy Fund have opened and will close at 11am on Friday 22 November 2024.

Eligible local governments, industry, public and private entities can now apply for funding for capital projects that will deliver new and improved innovation infrastructure in South East Queensland.

The fund is aimed at helping grow high-value, knowledge-intensive jobs across South East Queensland by supporting capital projects which will:

  • Develop infrastructure within existing SEQ innovation precincts to accelerate the delivery of high value, future-focussed employment opportunities
  • Grow the SEQ innovation economy through the development and commercialisation of innovative products, services or processes using new and sustainable technologies
  • Develop new and leverage existing partnerships that strengthen the SEQ innovation economy to drive greater economic, environmental and social outcomes for the region.

Up to $25 million in funding is available for major capital projects that include new builds, extensions or refurbishments of innovation infrastructure, the purchase and installation of new equipment, or innovation-specific expansions to current projects.

Meanwhile funding of up to $5 million is available for minor capital projects including refurbishments and the purchase and installation of new equipment. 

More information including on how to apply and how to register for an upcoming webinar can be found online.Â