Business Development Fund - Queensland

Description

Helps to turn ideas into reality with co-investment in Queensland businesses at the forefront of commercialising ground-breaking research or innovations.

The Fund is a $40 million early stage investment fund targeted at emerging and high growth innovative Queensland businesses to help Queensland's best and brightest turn their ideas and innovations into a commercial reality.

The Business Development Fund (the Fund) focuses on the growth of innovative Queensland businesses, particularly in the emerging industries of tomorrow. It will create high value, knowledge-based and skilled jobs now and into the future.

Through providing early stage co-investment funding, the Business Development Fund will promote angel and venture capital investment in Queensland-based businesses. This will help facilitate the development of a sustainable private market for venture capital finance in Queensland.

What we are looking for Queensland based businesses that:

  • are commercialising research, an innovative idea or an innovative product or service
  • require seed, early stage or follow-on investment
  • will create opportunities for new, high value and skilled employment
  • have a realistic prospect of becoming commercially successful.

Private sector co-investors that have:

  • committed to providing an investment in a business that at least matches the investment sought from the Fund
  • demonstrated commitment to, and track record in making investments in seed and early stage businesses
  • experience in providing support, management and mentorship to seed and early stage businesses
  • a strong and established reputation
  • the ability to manage Fund reporting.

The Business Development Fund's independent Investment Panel, which consists of experienced entrepreneurs, will assess applications.

Service type

Support Service

A service offered by government to aid in running a business.

Eligibility requirements

Learn about the Fund's eligibility criteria.

Administering agency

Department of Science, Information Technology and Innovation

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Advance Queensland Implementation Unit

Department of Science, Information Technology and Innovation

Phone: 13 QGOV (13 74 68)
Email: advancequeensland@dsiti.qld.gov.au