Got an innovative new tech idea, but need financial support? The next round of applications for the Lord Mayor’s Budding Entrepreneurs Program is opening, so put your hand up to receive a hand out.

The Lord Mayor’s Budding Entrepreneurs Program is accepting applications from 1 March from young entrepreneurs who need practical support for their digital start-up ventures.

Lord Mayor Graham Quirk said the program, an initiative of Brisbane Marketing’s Digital Brisbane Strategy, encouraged success from young Brisbane entrepreneurs.

“The Budding Entrepreneurs Program is one of Digital Brisbane’s most successful initiatives, with the first round attracting hundreds of applications and introducing us to some talented young technology start-up pioneers,” says Cr Quirk. “Start-up companies, which have relatively low entry costs, have the potential to reach global markets and bring hundreds of millions of dollars into the Brisbane economy.

“Why wouldn’t we want to encourage as many of them as possible?”

A total of $25,000 is up for grabs in this round of grants for innovative tech projects that have global reach or strong problem-solving capacity.

“My expectations were vastly exceeded by the original ideas and talent of all who applied in the last round and I would encourage any budding entrepreneurs, even those who missed out in the first round, to get their applications in now,” says Cr Quirk.

Past grant recipient Mat Chen, developer of (an interactive website for Chinese students), says the program is a great opportunity for new business hopefuls.

“This Budding Entrepreneurs Program encourages entrepreneurs to introduce their hard work to the public, expand their network and get more opportunities and supporting funds.”

The application process is open until 31 March and grants of up to $5000 are available to individuals, to be used for attending start-up events or conferences, attaining professional advice, joining support or educational programs, or funding trade missions.

Previous recipient Alex Ghiculescu used the grant to attend a Yow! Developer Conference to network with industry experts, other businesses and develop new skills.

“Sometimes the hardest thing is getting started, and the grant is a great way to give you a kick in the backside and encourage you to take the next step – whether that’s building a product, building a team, or just getting more serious about what you’re doing, as it was in our case,” says Ghiculescu. “I would definitely suggest applying to anyone who’s ready to get their hands dirty in building a business.”

For more information or to make an application, visit the Digital Brisbane website.