The QIPP fund comprises three streams: 

• The first $4 million stream of the fund - Strategic Initiatives Program is now open and will deliver grants of up to $300,000 to existing Queensland innovation precincts and places. 

• Stream 2 provides $1 million for the Innovation Place Leaders Network and engaging with targeted stakeholders directly.  This will develop and strengthen linkages and collaborations within and between innovation places and the innovation ecosystem. 

• Stream 3 is the Regional Precincts and Places Infrastructure and Technology program. It is a $10 million program that will provide grants of up to $1 million for smart infrastructure, technology and upgrades that support future industry focused collaborative projects. 

• Streams 2 and 3 of the Fund will both open later this year. 

What's important:

• Applications are now open for the $4 million Strategic Initiatives Program
• Grants of up to $300,000 are available to existing Queensland-based innovation precincts and places
• The program will open on 20 July 2023 for 10 weeks and will close on 28 September 2023.