Tag: Queensland Investment Corporation

QIC jumps into $125m climate tech fund

Posted on   |  by Joseph Brookes
Queensland’s sovereign wealth fund on Tuesday hopped into a $125 million climate technology venture capital fund, boosting the funding available to local startups while expanding its global climate mandate....

State backed VC investments start flowing in Qld

Posted on   |  by Brandon How
Mandalay Venture Partners is the first off the mark in delivering funding out of the Queensland government’s Venture Capital Development Fund, revealing deals with two local AgTech startups on...

Synthetic tissue BioTech completes pre-seed capital raise

Posted on   |  by Brandon How
Brisbane-based startup Gelomics, which technology to support the cultivation of synthetic tissue, has completed a $2.2 million pre-seed capital raise with the support of local investors, including the state-owned...

VCs Jekara, Tidal flock to Qld’s matched funding

Posted on   |  by Brandon How
Queensland’s startup investment pool continues to grow with four more venture capital firms agreeing to expand in the state in exchange for backing from the Miles government’s new development...

Gilmour Space secures extra $55m ahead of first launch

Posted on   |  by Brandon How
Queensland-based rocket maker Gilmour Space Technologies has raised an additional $55 million in capital to support ongoing development work as its first launch draws closer. Gilmour plans to use...

Qld govt backs five accelerators in innovation push

Posted on   |  by Joseph Brookes
Five government backed accelerators will run in Queensland to get almost 170 startups in areas like health, agriculture and climate to an investment ready stage as the Miles government...

VCs flock to $75m Queensland govt development fund

Posted on   |  by Joseph Brookes
Venture capitalists are inundating a Queensland government fund announced four months ago to drive innovation in the state, seeking around 10 times the $75 million offered through more than...

CSIRO-backed hydrogen storage firm raises $7.5m

Posted on   |  by Brandon How
Modular hydrogen power bank producer Endua has raised $7.5 million, including from the state-owned Queensland Investment Corporation and returning investor Main Sequence Ventures. The Brisbane-based startup’s hydrogen power banks...

Qld govt creates $24m investment fund to grow local startups

Posted on   |  by Justin Hendry
The Queensland government will make $24 million in seed funding available to startups operating in the sunshine state through a newly-created Enterprise Acceleration Fund. The $24 million fund, unveiled...