Queensland based innovators in the engineering, construction and resources sectors can apply for a new Engineering, Construction and Resources Innovation Hub (ECRI Hub) program.
The Department of State Development’s pilot program aims to identify commercial opportunities in these sectors by translating ideas into products and services and exploiting their full potential.
Under the first stage of the pilot program, up to eight participants will be selected to work with leading engineering and professional services company GHD to increase their market intelligence and understanding of the commercial value of their product.
Up to three participants will be advanced to a second, more intensive stage of the program focused on developing industry partnerships and longer term outcomes.
The Queensland Government will cover two-thirds of the $9000 Stage One and two-thirds of the $18,000 Stage Two costs, and participants will be expected to make a financial commitment.
Successful applicants will be required to co-contribute the amounts outlined in the table below.
|Stage||Applicant co-contribution amount (incl GST)|
GHD will work with participants to develop an overview of their innovations’ opportunities by identifying possible industries, geographies, markets and clients and document the recommended next steps to commercialisation.
By mid-next year participants are expected to have a product or service ready for market and a strategy to maximise growth.
Expressions of Interest for the program close on 14 November 2016. For more information and to apply visit dsd.qld.gov.au/ecrihub.