A new program offers tech-focused, Queensland-based small businesses up to three months at a Chinese incubator program.
The Queensland government has opened up applications for a new program that offers tech-focused businesses looking to expand overseas the opportunity to spend up to three months to develop their business ideas in China.
The Commercialisation Partnership Program (CPP) is jointly run by the Queensland’s government’s Advance Queensland Global Partnerships initiative and the Chinese Government’s Ministry of Science and Technology (MOST).
The program has received $480,000 in funding over three years, with applications for the first cohort closing on 30 November.
Businesses selected for the program will receive a grant of up to $20,000 to fund international travel and living expenses. During the trip, they will be hosted for up to 90 days at one of six MOST incubators.
These include Zhongguancun Technology Science Park in Beijing; Shanghai Zhangjiang National Innovation Demonstration Zone or Zizhu National High-Tech Industrial Park in Shanghai; China – Singapore Suzhou Industrial Park in Jiangsu; Guangzhou New and High-Tech Industrial Development Zone in Guangzhou; and Shenzhen High-Tech Industrial Park Guangdong.
The incubators will provide internet access and other office facilities, as well as access to science and technology facilities, advice concerning Chinese laws and government policy, access to industry leaders, as well as promotion and marketing support in China.
To be eligible, businesses need to have less than 200 full-time employees and be incorporated in Queensland, with the grants also available to publically funded research institutes and universities.
They also need to be working on digital-enabled technology, advanced materials and nanotechnology, agriculture (including food), health, clean energy or environmental products.
Applicants will be judged by both the Queensland government and MOST based on the progress and impact of their product, its relevance to China, how well intellectual property rights are protected, as well as capabilities and skills.
“This is a fantastic foot-in-the-door opportunity for Queensland entrepreneurs, whether they are a technology startup, established science-related business,” Queensland Innovation, Science and Digital Economy Minister Leeanne Enoch said in a statement.
“They will have access to world-class facilities, mentors and local business links, and receive invaluable insight into the Chinese market as well as the potential to secure capital to refine their concept and get their business up and running.”
More information about the grant is available and applications can be made through the Queensland government’s Advance Queensland website.