A hardware incubator is opening its doors in Fortitude Valley this February, offering Brisbane startups the opportunity to develop and commercialise their products.

Partially funded by a federal government grant of $268,000, the incubator offers a space for creative individuals to bring their creations to life and features labs for developing and testing product ideas, tools like 3D printers, and support staff.

However, in order to gain access to the space, startups and companies need to propose a solution to a problem, and then propose a plan to make the solution financially sustainable.