More funding to Accelerate, Develop, Enhance in Queensland

QIC has announced another five venture capital (VC)funds for the Queensland Venture Capital Development Fund (QVCDF), which QICmanages.

The newly announced VCs cover priority sectors of B2B SaaS (business-to-business Software-as-a-Service), bio, health, clean energy,AI and climate technology.

The VCDF seeks to accelerate, develop and enhance the venture capital industry in Queensland by investing into local and interstate venture capital funds, which will invest into innovative early-stage Queensland companies.  

The VCs include:

• Brandon Capital  Partners: Australasia's leading biotech venture     capital firm with a track record of investing in promising life sciences research and facilitating the transition of world-leading research into     world-leading businesses, including Queensland needle-free vaccine patch     innovator Vaxxas and pain relief therapeutic Spinifex.
• Jekara Group: Early-stage venture capital firm partnering with exceptional founders to accelerate the global energy transition, with a team of operational, technical, and     financial leaders in cleantech in Australia and US.  
• Pollination: Australian venture fund backing breakthrough solutions for the net zero transition and nature positive future. 
• Sprint Ventures: Brisbane-based fund with a mission to build a better future, focusing its investments on     Environmental, Social, and Governance (ESG) factors and targeting     high-growth sectors including HealthTech, Aged Care, Climate and  Infrastructure Tech, AI and Automation..
• Tidal Ventures: Leading     operator-led technology investor with a focus on Vertical AI, dedicated to     partnering with disruptive early-stage, B2B software companies looking to     revolutionise their industries globally.

These funds are in addition to those already announced: Five V Capital, Main Sequence Ventures, AntlerAustralia, Mandalay Venture Partners and Salus Ventures.  

To find out more about all 10 VCs (including their focus, stage of investing and theme) check out: Venture Capital Funds (qic.com)

For further information on all 7 Accelerators(including their programs and focus), go to: Accelerator Program Providers (qic.com)

Source: Advance Queensland

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