Advance Qld Business Development Fund
Applying for Business Development Fund investment
Once a co-investor has committed to investing in a Queensland business commercialising cutting-edge research or innovative ideas, products or services, the co-investor will need to submit an online application for fund
This is a 5 step process:
Online applicationOn submission of applications, the QIC reviews all applications against the key eligibility criteria and provides the investment panel with the applications that meet the key eligibility criteria.
The state, QIC and investment panel members reserve their rights, at their discretion, to require additional information from any applicant; and take into account any information from its own and other sources in reviewing and evaluating applications.
There is no fee for applying for a Fund investment. All costs incurred in relation to
If an invitation to pitch is made, co-investors and business founders are strongly encouraged to provide a strategic overview of the business plan and any other materials to support their application. The Queensland Government’s Business Queensland website is a valuable tool to assist applicants
The state, QIC and investment panel members are not obliged to accept any application or to proceed with an investment regarding an application. If an offer is accepted, QIC will execute the investment documentation on behalf of the Fund. No legally binding arrangement will take effect until written binding investment documentation is entered into by QIC (on behalf of the state), the co-investor and the business.
After completing the Business Development Fund application form, you can submit your application online.