Business Development Fund QLD
Funding for Queensland businesses to commercialise new ideas, products or services
Last Updated: 10 June 2020
Business Development Fund QLD
The Business Development Fund provides funding for businesses to help them research or commercialise an innovative product or service.
Applications may be made at any time.
What do you get?
Funding of between $125,000 and $2.5 million.
Who is this for?
Queensland based businesses.
Overview
The Business Development Fund provides early stage co-investment funding to innovative Queensland businesses. The Fund invests in businesses that are looking to commercialise new research or innovative ideas, products or services.
Funding of between $125,000 and $2.5 million is available to invest in a Queensland business. The amount invested will not exceed the amount invested by the private sector co-investor. The invested amount may differ from the level of funding the business seeks. The Fund's investment is a direct investment in the business, and is not a:
- payment to the co-investor
- grant
- loan
Both the co-investor and the Fund will become shareholders in the business. The Fund can exit an investment if:
- the co-investor exits the investment, or
- the business is merged, acquired or publicly listed
What are the eligibility criteria?
To be eligible, you must:
- be an Australian company
- have the majority of your assets and employees based in Queensland
- not have property development, land ownership, finance, or construction as your main business activity
- not be an investment fund
- be in the process of developing or commercialising an innovative product or service
How do you apply?
Find out more about eligibility and how to apply at Business Development Fund.
