Discover the first priority of our Innovation Roadmap. Attracting more investment and innovative businesses to Queensland is vital to creating high-growth businesses and new jobs. Supporting local ideas to grow into globally competitive innovative businesses that stay in Queensland is also critical. Explore the key initiatives across government for opportunities to participate and prosper.
Outcome
Greater investment attraction and more innovative businesses starting, growing and staying in Queensland
Attracting capital — the funding that supports innovation — is our first priority. Startups need investment to get off the ground and more mature companies need it to scale up and go global.
Innovative high-growth businesses are more likely to grow and stay in Queensland, adding new opportunities and jobs, if there is ready access to investment support.
Objectives
These objectives clarify the actions we need to take to achieve the first priority:
- Attract and retain more innovative businesses in Queensland.
- Increase startup and business survival rates.
- Strengthen Queensland’s venture capital market.
- Increase the value of capital invested in Queensland startups and businesses.
- Increase high-value knowledge economy jobs.
Key initiatives
There are more than a dozen initiatives across various agencies with more to be added as the Roadmap continues to get delivered and reviewed. All of the initiatives contribute to achieving the ultimate goal of the Roadmap across different sectors of the economy.
| Key initiatives | Lead agency |
|---|---|
| Support the delivery of Forward Fest.* | DESI |
Deliver the Towards Tourism 2032 strategy.* | DTS |
Deliver the Enterprise Acceleration Fund.* | Treasury |
Deliver the Queensland Venture Capital Development Fund.* | Treasury |
Deliver the Ignite Ideas Fund with enhanced wrap-around support services and options to pilot new co-investment models. | DESI |
Explore gaps and options for new capital programs to ensure a sustainable pipeline of innovative business growth for early-stage businesses from idea to venture capital. | Treasury |
Deliver the Backing Queensland Business Investment Fund (Qld Jobs Fund). | Treasury |
Deliver the Invested in Queensland Program (Qld Jobs Fund). | Treasury |
Deliver small business support programs (Business Growth Fund, Mentoring for Growth, Business Basic Grants, Business Boost Grants, Business Launchpad, Small Business Essentials, Deadly Business 2032, and Growing Migrant and Refugee Business Program). | DESBT |
DESI and TIQ | |
Active participation in the Tropical Innovation Festival. | QCE |
Deliver Queensland’s Innovation Festival. | QCE |
Deliver the Women’s Investment Summit. | QCE |
Facilitate smart capital pathways relevant to different parts of the ecosystem. | IAC |
*New initiative included for delivery
Lead agencies
- DESI — Department of Environment, Science and Innovation
- DESBT — Department of Employment, Small Business and Training
- DTS — Department of Tourism and Sport
- IAC — Innovation Advisory Council
- QCE — Queensland Chief Entrepreneur
- TIQ — Trade and Investment Queensland
- Treasury — Queensland Treasury
Last updated: 17 Jul 2024