Programs and Policies
- Backing Queensland Business Investment Fund
- Build-to-Rent Pilot Project
- Business Development Fund
- Coal royalties
- Common user infrastructure assessment principles
- Financial assurance and rehabilitation in the resources sector
- Home owner grants
- Northern Australia Infrastructure Facility
- Project assessment framework
- Queensland Renewable Energy and Hydrogen Jobs Fund
- Queensland Sustainability Report
- Social Benefit Bonds Pilot Program
Backing Queensland Business Investment Fund
The BQBIF is part of the Queensland Jobs Fund which brings together current and new industry development and investment programs to boost the State’s industry footprint, create jobs and strengthen Queensland’s economy.
Business Investment Fund
The BQBIF includes the $100 million Business Investment Fund which supports good quality Queensland businesses that need capital to create jobs for Queenslanders.
The Fund is targeting commercial returns to offset any additional State debt borrowed to invest in the Fund. This also allows the Fund to partner with private investors, financiers, superannuation funds and other financial institutions.
Key investment objectives and criteria
QIC is applying their skills and expertise to engage with Queensland businesses and identify commercial investment proposals for the Business Investment Fund with opportunities for appropriate returns for Government.
QIC is targeting investments in small to medium sized business that:
- create Queensland-based jobs
- have a proven product and an established market presence with significant growth potential
- are beyond proof of concept and are generally profitable or approaching profitability
- are seeking capital to expand or restructure operations, enter new markets or finance significant acquisition, and
- have well established and reputable owners who are committed to growing the business from and in Queensland.
Investments made in Queensland businesses
Business Investment Fund investments include:
Gilmour Space Technologies
Gilmour Space is one of Australia’s leading space companies seeking to launch small satellites to low Earth orbits. The Queensland Government’s investment will help fund the construction of Gilmour Space’s unique Eris rockets featuring new and innovative hybrid propulsion technologies. Read more.
Buildsafe
Buildsafe provides end-to-end height safety solutions including fall-guards, scaffolding, walkway systems, void platforms and temporary fencing to some of Australia’s leading residential building companies. Read more.
VALD
VALD is a global sports technology company providing cutting-edge musculoskeletal health and performance testing to leading sporting teams, including in the AFL, NRL, NFL, NBA and English Premier League. VALD’s technology is also used by universities, hospitals and defence departments around the world as they look to expand further into allied health. Read more.
Skedulo
A developer of scheduling and task management software for mobile workforces, including the health sector, disability and aged care, disaster recovery, renewable energy, utilities, and facilities management. Skedulo’s fast-growing, Queensland-based engineering and product development team supports a global client base and offices in Sydney, the UK, US and Vietnam. Read more.
ModnPods
ModnPods develops prefabricated modular pods for residential uses such as backyard studios, granny flats and homes offices, with growing demand in tourism, essential worker accommodation and schools. Their manufactured pods feature 70 per cent Queensland-supplied materials and are completed faster, with less waste and lower cost than traditional construction methods. Read more.
Jacobi
Providing cloud-based technology that delivers portfolio design, risk modelling and dynamic visualisation tools, Jacobi helps global top-tier investment firms communicate more clearly with their clients. The Queensland Government’s investment will support the expansion of Jacobi’s Brisbane-based software engineering and product development team.
Travello
Digital youth travel company Travello is Australia’s leading tour and travel experience brand for millennials across their Travello app, Backpacker Deals and Travel Inspiration brands. Helping attract young travellers from both interstate and overseas to Queensland, the Brisbane-based company will use this investment to triple its existing workforce as it capitalises on pent-up demand in the international tourism sector. Read more.
FairSupply
Providing environmental, social and governance data analytics and reporting, Australian start-up FairSupply is helping companies around the world track risks related to emissions, modern slavery and biodiversity. With offices already operating in Brisbane and on the Sunshine Coast, the Queensland Government’s investment will enable FairSupply to launch new products, continue to their international expansion and grow the size of their Queensland team to 30 within the next five years.
Paypa Plane
Paypa Plane’s products are changing the way banks interact with their customers in the global payments landscape and can readily be bolted onto existing financial products, meeting the finance sector’s need for solutions that focus on speed, transparency and optimisation. The Queensland Government’s investment will support Paypa Plane to grow their Queensland-based product, engineering, and customer support team from 40 staff to almost 100 over the next five years.
OneModel
One Model provides a unique HR management platform that equips business leaders to unlock the potential of their people and organisations. With the Queensland Government’s backing, the company is expected to continue growing its local engineering and product development team over the next five years. Read more.
Dataweavers
Tech start-up Dataweavers helps customers like Toyota and Rio Tinto take the complexity out of creating and managing their digital platforms. With the Queensland Government’s investment, Dataweavers will create 20 local product and software engineering jobs as they expand their global customer base into the United State and beyond. Read more.
Enterprise Acceleration Fund
The $24 million Enterprise Acceleration Fund has been established to invest in innovative, early-stage Queensland companies, supporting increased access to capital and driving jobs growth.
The Fund, managed by QIC, will invest between $500,000 and $2.5 million into growing start-ups with a majority of their employees based in Queensland.
Investments made in Queensland start-ups
Enterprise Acceleration Fund investments include:
Cake Equity
Software-as-a-service provider Cake Equity helps start-ups issue and manage capital to investors and employees, replacing traditional document management with digital solutions to simplify the otherwise complex equity raising process. The Queensland Government’s investment will help Cake to strengthen their technology support platform and double their local staff team from 14 to 40 in the next three years. Read more.
Endua
Brisbane-based clean energy company Endua is developing modular hydrogen power banks to replace emissions-heavy diesel generators. Their energy storage systems can drive up to 100kW, powering water pumps, farm sheds and standalone telecom infrastructure. The Queensland Government’s investment will help Endua expand their in-house manufacturing capabilities and create over 100 local jobs.
Cartelux
Sunshine Coast-based digital advertising software company Cartelux enables automotive companies to deliver hyperlocal ads via their dealerships. With a client base already featuring global brands Toyota, Nissan, Ford and Kia. the Queensland Government’s investment will support Cartelux to expand their local sales, engineering and product teams.
More information
Visit Queensland Investment Corporation for further information about the Business Investment Fund and Enterprise Acceleration Fund, including how to register your interest.
Contact bqbif@qic.com
Last updated: 7 March 2024