The level of funding that successful applicants are awarded will be decided by the expert Hot DesQ judging panel. They will take into account your level of experience, the stage of your startup or product, market potential, and your impact of being in Queensland.
The maximum funding will be $100,000 to highly-experienced startups, with a minimum amount of $50,000 paid to emerging and early-stage startups. Only the top tier of applicants will be awarded the maximum amount. All funding is paid in Australian dollars, and is equity-free.
Hot DesQ recipients also get free co-working space for 6 months, plus access to apply to other government funding programs, such as the $10 million Ignite Ideas Fund, or the $40 million Business Development Fund.