Biofutures Industry Development Fund
DSDIP · Australia
The Biofutures Industry Development Fund is a $5 million repayable fund designed to help 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.
Funding
Up to $2.5M
Location
Queensland
Who Can Apply
What's Funded
Expected Outcomes
Key Information
Applicant Types
Stage
Funding Purposes
Keywords
Frequently Asked Questions
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 designed to help 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.
How much funding does the Biofutures Industry Development Fund provide?
The Biofutures Industry Development Fund provides Up to $2.5M in funding.
Who is eligible for the Biofutures Industry Development Fund?
• Project must have a Queensland site. • Project should meet criteria relating to industry segment, project type, bankable feasibility stage, funding need, financial viability, and proven available technology. • Proof of concept and proof of scale must be demonstrated. • Evidence must include independently verified production trials and customer acceptance trials.
What activities are funded?
Activities that support large-scale industrial biotechnology projects to complete final-stage financial due diligence, including demonstrating bankable feasibility, financial viability, and proven scalable technology.
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.
Need help applying?
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