Overview
The QVCDF is a Queensland Government program, managed by Queensland Investment Corporation (QIC) seeking to accelerate, develop and enhance the venture capital industry in Queensland by:
- Increasing the capacity and capability of local venture capital funds, supporting them to attract 3rd party investment, which could be invested into innovative early-stage Queensland companies.
- Attracting venture capital funds to establish a presence in Queensland and to increase their focus and investment in Queensland.
- Increasing the amount of venture capital invested into innovative early-stage Queensland companies, helping to close the identified early-stage funding gap, creating valuable new jobs, innovative solutions and businesses in Queensland.
- Delivering accelerator programs that expand the pool of investment ready businesses in Queensland and thereby increasing the investment opportunities for angel and venture capital investors in innovative early-stage Queensland companies.
- Supporting and encouraging a collaborative, sustainable and successful venture capital industry in Queensland that attracts more capital into Queensland and enables more innovative companies to be started, grow and stay in Queensland.
- Leveraging and contributing to the economic, ESG and DEI tailwinds in Queensland’s priority industries.
The VCDF comprises 3 core elements:
- Matched Funding- up to $20m AUD matched funding into appointed venture capital funds.
- Accelerator Funding- funding to suitable accelerator programs to run at least 4 programs to increase deal flow for Queensland investors.
- Development Program- the appointed venture capital funds and accelerators will participate in the VCDF Development Program to accelerate, develop and enhance the venture capital industry in Queensland.
More information
Please address all enquiries about the VCDF to the following email address VCDF@qic.com.
Visit the Queensland Investment Corporation.
