Funding for defence, biomedical and biofuel priority industries

Overview

Funding is available with the intent of accelerating the defence, biomedical and biofuels priority industries by:

• building our state's sovereign industry capability
• drawing on our strengths
• growing all our regions.

Assistance is available for significant, strategic and catalytic projects that are ready to start through investment partnership. The objective of the Strategic and Catalytic Investment Partnerships is to accelerate priority industry development by creating, or significantly expanding, a sovereign manufacturing or service capability in Queensland. It is anticipated that projects will have a wider impact on industry in Queensland, including the region where the project is located.

Check if you can apply

To be eligible, applicants must:

• be a legal entity and hold an active Australian business number (ABN) or Australian registered body number
• have the technical capability to deliver the proposed project
• have an achievable pathway to finance the proposed project
• 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.

An eligible project must meet the following criteria:

• be located in Queensland
• be aligned with the priority industry sectors
• be projects where goods and/or services produced will support the development of sovereign capability in the priority industry sectors
• be strategic and catalytic
• not have already commenced (for example, construction or operation)
• have a viable plan to achieve sustainable commercial operations
• have a clearly demonstrated economic benefit to Queensland
• will not result in a reduction in the Applicant’s existing Queensland based employment
• individual Project stages can be considered depending on circumstances.