QLD Sovereign Industry Development Fund

$180M Funding Pool
Strategic partnerships to accelerate development in priority industries – Defence, Biomedical and Biofuels
Applications are open until funds are fully allocated

The Queensland Government is ready to work with industry on strategic partnership opportunities that will accelerate development in our priority industries – Defence, Biomedical and Biofuels.

For these priority industries, the $180.6 million Sovereign Industry Development Fund (the Fund) will:
• build our state’s sovereign industry capability
• draw on our strengths
• grow all our regions.

Key Requirements

The fund will initially focus on Strategic and Catalytic Investment Partnerships.

Applications are open for feasible, investment-ready projects that:

accelerate industry development in Defence, Biomedical or Biofuels
develop a new manufacturing or service capability in Queensland, including common-use infrastructure
significantly expand an existing manufacturing or service capability in Queensland
have a wider impact across the industry and Queensland
can commence within 12 months.

What is eligible for funding?

An eligible project must be:

located in Queensland
aligned with the priority industry sectors of Defence, Biomedical or Biofuels
goods and/or services produced to support the development of sovereign capability in the priority industry sectors
strategic and catalytic (creates regional or industry wide impact that accelerates industry development in Queensland)
able to commence (for example construction or operation)
a viable plan to achieve sustainable commercial operations
clearly demonstrate economic benefit to Queensland
support or increase the applicant’s existing Queensland based employment

Individual project stages can be considered depending on circumstances.

What companies are eligible for funding?

To be eligible for assistance, your organisation must:

be a legal entity and hold an active Australian Business Number or Australian Registered Body Number
have the technical capability to deliver
have an achievable pathway to finance have a history of regulatory compliance, including development and environmental approvals, Corporations Act 2001, competition and consumer legislation and industrial relations legislation
have no unsatisfied judgments or pending court actions or other proceedings against the organisation or its directors.

Local governments, family partnerships, not for profit organisations and Government Owned Corporations are not eligible to apply.

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

Industry analysis presentation
Competitor Analysis Presentation
Marketing and Sales Analysis Presentation
3-5 year Cashflow Forecast
3-5 year Balance Sheet Forecast
Cost-Benefit Analysis of Grant Funding
End-to-end grant application including information collating, analysis and application writing
CAPEX (Capital Expenditure) cost-benefit analysis
Stakeholder relations and Risk Mitigation Plans
Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.

This grant is open

Apply for this grant below:

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