The Queensland Government’s Department of State Development, Manufacturing, Infrastructure and Planning is currently calling for applications to the Queensland Biomedical Voucher Program.

To assist prospective applicants in planning an application, please find below an overview of the scheme along with a summary of the required funding commitments.

Program
The $1 million Program is designed to support existing biomedical businesses to grow and attract new business to Queensland. The objectives of the Program are:

  • the attraction of biomedical industry to Queensland
  • increasing the productivity and profile of Queensland’s biomedical industry
  • encouraging non-Queensland-based businesses to collaborate with Queensland-based businesses and use Queensland-based biomedical capability to develop biomedical products
  • supporting the creation of new jobs, skills and training opportunities in the biomedical sector
  • enabling Queensland-based businesses to enter/embed themselves into the national and international value chain to develop biomedical products.

Funding will be allocated over one or more rounds. Successful proposals must be completed within 18 months from the date of execution of a funding agreement.

Funding
The program will support eligible Queensland-based businesses (UQ) for up to 50% of the fees they would charge to national or international clients for obtaining biomedical services to develop a biomedical product, up to a cap to $250,000 (excluding GST). The national or international client will need to pay at least 50% of the fees for the proposed biomedical services.

Eligibility
Key eligibility criteria include, but are not limited to:

  • provide biomedical services at a physical location in Queensland
  • provide a written quote for the biomedical services, to the national/international client and submitted to the State as part of its application for the Program, that clearly identifies the part of the fee that is to be paid by the client and the part to be supported by the State
  • provide a written letter of commitment signed by the proposed national/international client's Chief Financial Officer, Chief Executive Officer or another duly authorised person.

The definition of biomedical services has been defined as services provided to support the development of a biomedical product. This includes contract research. Further eligibility criteria and detail on services can be found in the Guidelines for Applicants

RDO/CRLO Deadline: 12 June 2019

UQ Internal Deadline: 17 June 2019

External Deadline: 12pm, 27 June 2019

For more information, visit the Qld Department of State Development website.