Thanks to funding from the Queensland Government, Smart Precinct NQ has access to a new grant Fund to activate and develop a minimum of 8 innovative ideas over the period of 2023 and 2024.

This Fund aims to support the development of new innovative ideas, technologies, and prototypes that embody or have the potential to embody the values of circular economy.  

The Circular Economy (Industry Research) Program

Explore the transformative concept of a circular economy and discover how you can contribute to a more sustainable future with Smart Precinct NQ.

What is Circular Economy?

Circular economy is an innovative approach that aims to minimise waste and maximise resource efficiency. Unlike the traditional linear economy, which follows a “take-make-dispose” model, a circular economy focuses on maintaining the value of products and materials throughout their lifecycle. This approach promotes the reduction of waste, encourages recycling and upcycling, and emphasises the responsible use of resources. By adopting circular principles, businesses can create long-lasting economic, environmental, and social benefits. 

The Queensland Circular Economy (Industry-Research) Innovation Grants are designed to support industry-driven research and innovation, with the aim of assisting industry in transitioning towards a less wasteful circular economy model. The grants initiative will facilitate the development of innovative ideas, technologies, and prototypes that demonstrate the circular economy principles and can be progressed to the pilot or commercialisation stage.

The grants program will be a key enabler for the Queensland Government’s commitment to advancing the economic, environmental, and social objectives.

How can you get involved?

• INDUSTRY CHALLENGE: For industry and research partners wanting to solve a challenge through innovative solutions. Click here. 

• DARE TO THINK CIRCULAR: A 4-hour workshop for circular entrepreneurs to learn all about circular economy and develop innovative solutions for the North Queensland region. Click here.

• GRANT FUNDING: Grants of $20,000-$50,000 for eligible businesses to develop their innovative solutions with industry and research partners that aim to solve a problem in the North Queensland region. Opening soon, watch this space!