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§ Venture Capital · Brisbane, Queensland, Australia
The Queensland Business Development Fund is a state-backed co-investment initiative stimulating the growth of innovative enterprises. It offers early-stage funding by matching private and venture capital investments. This mechanism accelerates commercialisation and expands high-growth Queensland businesses, strengthening the local economy.
Established in 2016 by the Queensland Government, the fund was conceived to address funding gaps for local ventures. The insight was that public capital could de-risk and catalyse private investment into innovative Queensland businesses. Managed by government bodies, it cultivates a dynamic business environment.
The fund serves innovative, high-growth Queensland businesses seeking capital for expansion. Its vision enhances the state's standard of living through job creation and economic growth. It seeks to position Queensland as an innovation hub by promoting a robust venture capital ecosystem, fostering future prosperity.
Queensland Business Development Fund has 1 tracked investment across 1 company. The latest tracked deal is $3.2M Other Equity in SwarmFarm Robotics in October 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 8, 2020 | SwarmFarm Robotics | $3.2M Other Equity | Sarah Nolet | — |