The Queensland Government is launching a new $24 million fund to help innovative start-ups grow.
The Enterprise Acceleration Fund will make investments from $500,000 up to $2.5 million in businesses that have a majority of their employees in Queensland.
“There are great businesses right across Queensland that are developing new products and services right now,” Trade and Investment Cameron Dick said.
“This new $24 million fund will back those businesses and help them to grow their market share.”
Innovative businesses across Queensland are urged to start expressing their interest in the fund, which will be independently managed by the State’s investment manager, Queensland Investment Corporation (QIC).
“This is good news for Queensland businesses, but it’s also good news for taxpayers,” Mr Dick explained.
“By investing in these innovative companies, the State is helping them to succeed and will get a financial return when they do.”
For more information, visit https://www.qic.com.au/bqbif