Business Development Fund

Up to $2.5M is available from Business Development Fund to help businesses that are commercialising new research or innovative ideas, products or services.


Business Development Fund

The Business Development 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.



The Business Development 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.

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.



The Business Development Fund invests $125,000 to $2.5 million 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.



An application must meet the following criteria to be eligible for Fund investment:

  • The business must have the majority of its assets and employees located in Queensland.
  • The co-investor’s investment in a business must at least match the investment sought from the Fund.
  • The business must not have property development, land ownership, finance, or construction as its predominant activity.
  • The business must not be an investment fund.

Co-investor Criteria

A co-investor can be:

  • an individual investor
  • an angel investor
  • an investment business including a venture capital fund, or
  • a syndicate of investors.

A co-investor must demonstrate a number of attributes, these are:

  • Demonstrated commitment to, and track record in, making investments in seed and early stage businesses.
  • Experience in providing support, management and mentorship to seed an early stage businesses.
  • A strong and established reputation
  • Ability to manage Fund reporting.

As the Fund aims to expand venture capital activity in Queensland, it seeks to encourage new co-investors to enter the market. Therefore, if a co-investor does not possess all of the attributes, it would need to demonstrate capacity to fulfil the role of a co-investor in investing, mentoring and supporting the growth of the business.

Business Criteria

The business requiring investment must:

  • Be commercialising research, an innovative idea or an innovative product or service.
  • Require seed, early stage or follow-on investment.
  • Create opportunities for new, high-value and skilled employment.
  • Have a realistic prospect of becoming commercially successful.
  • Be or become a proprietary or public company prior to any investment.
  • Be an Australian registered company, or an Australian registered subsidiary of a foreign registered company, prior to any investment.



Applications open on an ongoing basis.


More Information

2018-11-12T11:41:15+00:00November 7th, 2018|