About the Business Development Fund
The Queensland Government’s Business Development Fund (the Fund) has closed and is not accepting new applications.
Since 2016, the Fund has supported the growth of more than 60 innovative Queensland businesses, especially in emerging industries. The Fund’s investments have helped these businesses create high-value, knowledge-based and skilled jobs now and into the future. To date it has supported the creation of more than 400 new jobs and attracted new industries to Queensland.
Through providing early stage co-investment funding, the Fund has promoted angel and venture capital investment in Queensland-based businesses. This helps to facilitate the development of a sustainable private market for venture capital finance in Queensland.
The Fund continues to manage its dozens of ongoing investments and to deliver outcomes for the respective businesses and Queensland more broadly.
The Fund is part of the Advance Queensland initiative - a comprehensive suite of programs designed to create the knowledge-based jobs of the future, drive productivity improvements and build on Queensland’s natural advantages.