Queensland’s $180 million sovereign industry fund is looking for ideas to back

The Queensland government has opened applications for its new $180.6 million Sovereign Industry Development Fund, which will invest in defence, biomedical and biofuels companies in the state.

Deputy Premier and state development, infrastructure and planning minister Jarrod Bleijie, said the fund will collaborate on “strategic and catalytic partnerships that will accelerate development in our priority industries” to strengthen the state’s regions, and leverage Queensland’s strengths with a narrower focus.

“From biofuels to cutting-edge biomedical technologies and advanced defence capabilities, the Sovereign Industry Development Fund plays on Queensland’s strengths, and is a call to action for industry to partner with Government to deliver for Queensland,” he said.

“We’re calling on industry to bring forward bold ideas that will secure Queensland’s place in the global market.”

The fund was a commitment in the new Crisafulli government’s FY26 Budget

More on the fund and to apply go here.