Fullstack Logo

Queensland Investment Corporation Providing Support for Innovative SMEs

If you’re a growing and innovative QLD-based SME seeking investment or growth-stage capital, then QLD’s Enterprise Acceleration Fund or the business Investment Fund (BIF) might be able to assist.

The Queensland Investment Corporation (QIC), on behalf of the Queensland Government, is investing in innovative QLD-based small-or medium-sized enterprises through:

  • the $24 million Enterprise Acceleration Fund for early-stage companies seeking seed funding; and
  • the $100 million Business Investment Fund (BIF) for growth-stage companies (i.e. at Series A, B, or C in capital raising).

Investments from the Enterprise Acceleration Fund will be from $500,000 to $2.5 million for businesses with the majority of their employees in Queensland; while investments in the BIF will be between $2.5 million and $10 million in businesses with an existing or planned Queensland presence. Job creation in Queensland is one of the key criteria analyzed before QIC makes investments from either of the funds.

The BIF is not a grant or a loan, but a direct investment in businesses:

  • With a proven product/offering and an established market presence
  • That are approaching profitability over the investment period
  • With a current or planned Queensland-based presence (i.e. Queensland-based FTEs)
  • With significant growth potential and job creation opportunities

Business investment funds managed by QIC have already invested $114.8 million in 65 Queensland businesses, creating over 1,000 full-time jobs. Examples of the breadth of industries impacted and recent or projected outcomes include:

  • Increasing the manufacturing capacity for a company producing prefabricated modular pods for residential uses such as backyard studios, granny flats, and home offices.
  • Supporting the growth of Australia’s sovereign space and manufacturing capabilities by investing in a Gold Coast-based space technologies company that builds small satellites and rockets for launch into low Earth orbits.
  • A sports science technology company providing musculoskeletal testing as part of the health and performance package for athletes, which was able to expand from its Queensland base and is now working with teams in international leagues such as the NBA, NFL, and British Premier League.

Companies interested in the BIF are encouraged to reach out to QIC, via email, with any questions about the fund and to provide a brief overview of their business, product, market, and growth strategy. Expressions of interest in the Enterprise Acceleration Fund are also currently being sought, with those interested able to fill in an online form telling the QIC a bit about their innovative business.

If you’re an innovative Queensland business and want the best advice to keep moving onward and upward, contact Fullstack Advisory so you can leverage our expertise and knowledge of all the grants, incentives, rebates, and other opportunities available.

Was this article helpful?


Stuart Reynolds
is the founder of Fullstack Advisory, an award-winning accounting firm for businesses leading the future. He is a 3rd generation accountant who specialises in tech companies, crypto and entrepreneurs.

Share this Article

Find out more.

Need accounting

Request a consultation and speak to one of our business accountants & advisors. Get clear next steps for your project.

Connect with us

Ask Us a Question?

Reach out to us about any of the topics in this article.

Via online meetings, email or phone, we are keen to help you get to the next level.

When it suits, just pop a time on the calendar.


Speak to our experts

Other ways to get in touch with us.

Your Privacy


We will never share your details with any third-party.

This form collects your name contact number and email address so that we can contact with you and provide a quote for our services. Please check our Privacy policy to see how we protect and manage your submitted data.



Level 13, 333 George St Sydney NSW 2000



120 Spencer St Melbourne VIC 3000



310 Edward St Brisbane QLD 4000

structures set Restructures

Structures - Setup & Restructures

  • Company Setups
  • Trust Setups
  • Flip Ups
  • Australian Subsidiary Setups
  • Detailed Tax Advice
  • Cap Tables
  • Equity Consulting
Get a quote Tax Advisory Icon
govt grants Incentives

Government Grants & Incentives

  • R&D Tax Incentive
  • R&D Finance consulting
  • Forward Financing consulting
  • ESIC
  • Export Market Develop. Grant (EMDG)
  • State Grant Editorial Reviews
Chat with an Advisor> Tax Advisory Icon
finance Forecasting

Financial Forecasting, Xero & Fintech Support

  • Dashboards
  • VCFO Reporting
  • Management Reports
  • Advisory Board Meetings
  • Bookkeeping & System Reviews
  • App Implementations
  • Cashflow Forecast Workshops
Get a quote structure and setup
complex tax questions

Complex Tax Questions

a) Book a consultation with a Tax Advisor
b) If more detail > Written Tax Advice

We regularly cover:
  • Corporate Structuring
  • International Tax
  • Restructures
  • Business Sales
  • Tax Consolidation
  • ESOPs
  • GST & Duties
  • FBT
  • ESIC
  • Tax Residency
Chat with an Advisor > Tax Advisory Icon
capital raising support

Capital Raising Support

  • Financial Modelling
  • Cap Table Modelling
  • Share Issues
  • Share Splits
  • Share Buy Backs Pre Diligence
  • Startup Valuations
  • ESIC / ESVCLP advice
Chat with an Advisor > Tax Advisory Icon
Tax Advisory Icon

Corporate Secretarial & Advisory Board

  • Share Issues
  • Share Transfers
  • Director Updates
  • Nominee Directors
  • Registered ASIC Agent
  • Monthly or Quarterly Advisory Board
  • AGMs
Get a Quote Corporate Secretarial