This program aims to create commercial opportunities for innovative Queensland businesses by connecting them to corporates and providing a risk-managed process to explore and co-fund solutions to corporate challenges. An innovative solution can include new or significantly improved products, processes or systems; or by applying existing products, processes or systems in a novel way.
The benefits of the program for Queensland businesses include:
- access to Advanced QLD funding to trial technologies with corporates;
- create connections with corporates and potential commercial contracts;
- opportunity to pivot products or services to new sectors;
- retain intellectual property; and
- building credibility by having corporate customers.
This program uses a staged process, designed to manage risk while providing a straightforward pathway for trailing Queensland-developed solutions.
Funding Available:
Matching Funding of up to $50,000.
Eligibility:
- have an ABN (Australian Business Number) registered in Queensland;
- be registered for GST (Goods and Services Tax);
- be an established Queensland-based startup or small to medium enterprise (SME) with full-time equivalent employees (FTE) below 200;
- have a minimal viable product being developed in Queensland; and
- not have had previous commercial contracts from the participating corporate.
Tender specifications:
Rather than seeking a specific product or service, the PSP Program focuses on what the challenge is and invites Queensland businesses to propose how they think it could be solved.
Instead of tender specifications, PSP challenges are outcome focussed, and set out what a solution should deliver, and what technical and/or regulatory requirements a solution needs to meet.
How to apply
Applications are submitted online, through the SmartyGrants platform- https://advance.qld.gov.au/grants-and-programs/jan/private-sector-pathways-program
Find out more
Any questions should be directed to the Private Sector Partnerships team at partnerships@dtis.qld.gov.au.