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Biofutures Industry Development Fund

DSDIP · Australia

The Biofutures Industry Development Fund is a $5 million repayable fund that helps well-advanced industrial biotechnology proponents progress large-scale projects through the final stage of financial due diligence. The aim is to help projects secure financing from investors.

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Funding

Up to $2.5M

Location

Queensland

Who Can Apply

• Project must have a Queensland site. • Project must fit the relevant industry segment and project type. • Project should be at the bankable feasibility stage with a demonstrated funding need and financial viability. • Proof of concept, proof of scale, independently verified production trials and customer acceptance trials must be demonstrated.
To be considered aligned with the Queensland Government’s policy objectives and priorities, a business project should reasonably meet all seven eligibility criteria: Queensland site, industry segment, project type, bankable feasibility stage, funding need, project financial viability, and proven and available technology. In all instances, proof of concept and proof of scale must be evident and demonstrated through independently verified production trials and customer acceptance trials.

What's Funded

Large-scale industrial biotechnology projects at the bankable feasibility stage, including activities needed to complete final financial due diligence and demonstrate proof of concept, proof of scale, production trials and customer acceptance trials.

Before you apply

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Expected Outcomes

Projects are expected to demonstrate financial viability, proven and available technology, and readiness to secure investor financing for large-scale biofutures development.

Grant not accepting applications

Applications for this round are closed. A new round may open in the future.

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Key Information

Applicant Types

companyother

Stage

growthestablished

Funding Purposes

commercialisationinnovationother

Keywords

biofuturesindustrial biotechnologyloanrepayable fundfinancial due diligenceinvestor financingQueenslandlarge-scale projects

Official Grant Page

DSDIP

Frequently Asked Questions

1

What is the Biofutures Industry Development Fund?

The Biofutures Industry Development Fund is a business grant offered by DSDIP in Australia, providing Up to $2.5M in funding. The Biofutures Industry Development Fund is a $5 million repayable fund that helps well-advanced industrial biotechnology proponents progress large-scale projects through the final stage of financial due diligence. The aim is to help projects secure financing from investors.
2

How much funding does the Biofutures Industry Development Fund provide?

The Biofutures Industry Development Fund provides Up to $2.5M in funding.
3

Who is eligible for the Biofutures Industry Development Fund?

  • Project must have a Queensland site.
  • Project must fit the relevant industry segment and project type.
  • Project should be at the bankable feasibility stage with a demonstrated funding need and financial viability.
  • Proof of concept, proof of scale, independently verified production trials and customer acceptance trials must be demonstrated.
4

What activities are funded?

Large-scale industrial biotechnology projects at the bankable feasibility stage, including activities needed to complete final financial due diligence and demonstrate proof of concept, proof of scale, production trials and customer acceptance trials.
5

How do I apply for the Biofutures Industry Development Fund?

Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.

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Beta Docs has helped founders secure $160M+ in competitive grants. Our AI platform drafts compliance-perfect applications — and our expert reviewers make sure you stand out.

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