Business Development Fund QLD

At a glance

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Provides Queensland businesses with investment funding between $125,000 and $2.5 million to research or commercialise an innovative product or service.

Who can apply:

At a minimum, you must:

  • be an Australian company
  • have the majority of your assets and employees based in Queensland
  • be in the process of developing or commercialising an innovative product or service.

Other eligibility requirements may apply.

Deadline to apply:

Applications may be made at any time.

Contact information:

13 74 68

advancequeensland@dsiti.qld.gov.au

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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.

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.

Find out more about the eligibility criteria at Business Development Fund.

How to apply

Find out more about how to apply at Business Development Fund.

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