Sovereign Industry Development Fund

Queensland is open for business, and the Queensland Government is ready to work with industry on strategic partnership opportunities that will accelerate development in our priority industries – Defence, Biomedical and Biofuels.

For these priority industries, the $180.6 million Sovereign Industry Development Fund (the Fund) will:

  • build our state’s sovereign industry capability
  • draw on our strengths
  • grow all our regions.

About the Fund

The fund will initially focus on Strategic and Catalytic Investment Partnerships.

Applications are open for feasible, investment-ready projects that:

  • accelerate industry development in Defence, Biomedical or Biofuels
  • develop a new manufacturing or service capability in Queensland, including common-use infrastructure
  • significantly expand an existing manufacturing or service capability in Queensland
  • have a wider impact across the industry and Queensland
  • can commence within 12 months.

Applicant Eligibility

To be eligible for assistance, your organisation must:

  • be a legal entity and hold an active Australian Business Number or Australian Registered Body Number
  • have the technical capability to deliver
  • have an achievable pathway to finance have a history of regulatory compliance, including development and environmental approvals, Corporations Act 2001, competition and consumer legislation and industrial relations legislation
  • have no unsatisfied judgments or pending court actions or other proceedings against the organisation or its directors.

Local governments, family partnerships, not for profit organisations and Government Owned Corporations are not eligible to apply.

Project Eligibility

An eligible project must be:

  • located in Queensland
  • aligned with the priority industry sectors of Defence, Biomedical or Biofuels
  • goods and/or services produced to support the development of sovereign capability in the priority industry sectors
  • strategic and catalytic (creates regional or industry wide impact that accelerates industry development in Queensland)
  • able to commence (for example construction or operation)
  • a viable plan to achieve sustainable commercial operations
  • clearly demonstrate economic benefit to Queensland
  • support or increase the applicant’s existing Queensland based employment

Individual project stages can be considered depending on circumstances.

Applications open

The Strategic and Catalytic Investment Partnerships is open to applications until funds are fully allocated.

Eligible entities are encouraged to contact us

Guidelines

This Fund is just one of the ways we’re helping to deliver a future-ready Queensland.

Last updated: 30 Jul 2025