Business Development Fund

4 November, 2019

The Business Development Fund (BDF) 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.

Through providing early stage co-investment funding, the Business Development Fund promotes 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.

What we are looking for

Queensland based businesses that:

  • are commercialising research, an innovative idea or an innovative product or service
  • require seed, early stage or follow-on investment
  • will create opportunities for new, high value and skilled employment
  • have a realistic prospect of becoming commercially successful.

Private sector co-investors that have:

  • committed to providing an investment in a business that at least matches the investment sought from the Business Development Fund
  • demonstrated commitment to, and track record in making investments in seed and early stage businesses
  • experience in providing support, management and mentorship to seed and early stage businesses
  • a strong and established reputation
  • the ability to manage fund reporting.

The independent Business Development Fund investment panel, made up of eight experienced entrepreneurs, assess fund applications.

Application process

The application process is 5 steps:

  • Online application.
  • Shortlisting.
  • Investment pitch.
  • Evaluation.
  • Offer.

Find out more about the Business Development Fund.

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