Queensland Biomedical Business Attraction Program (Australia)

The program will:

• encourage collaboration between businesses.
• encourage collaboration between businesses and universities/research institutes.
• grow awareness of local industry through associated supply chain opportunities.

Objectives

• The objectives of the Program are to support the Queensland Biomedical 10-Year Roadmap and Action Plan by attracting interstate and international biomedical entities (with a preference for new clients) to access Queensland’s biomedical sector by:
  • raising awareness of Queensland capabilities with a view to attracting biomedical industry to Queensland.
  • encouraging non-Queensland-based businesses to collaborate with Queensland-based businesses and use Queensland-based biomedical capability to develop Biomedical Products.
  • sustaining specialised jobs and providing training opportunities in the Queensland biomedical sector.
  • enabling Queensland-based businesses to enter/embed themselves into the national and international value chain to develop Biomedical Products.

Funding Information

• Through the Program, the State will support eligible Queensland-based businesses for up to one third (⅓) of the fees they would charge to interstate/international clients for obtaining Biomedical Services to develop a Biomedical Product, up to a cap of $250,000 (excluding GST). The interstate/international client will pay at least two thirds (⅔) of the fees for the proposed Biomedical Services.
• Program support of up to $250,000 (excluding GST) will be:
  • available as a grant, paid on a reimbursement basis, of up to one third of the total fees charged to the client, with the client to contribute at least two thirds of the fees
  • available for services which support the development of Biomedical Products
  • allocated based on an open and merit-based competitive selection process.

Eligible Services

• Program funding will be available for Eligible Biomedical Services provided in Queensland, including:
  • design development and validation services
  • building or testing a prototype
  • contract development and/or manufacturing services
  • contract research services related to development of a Biomedical Product
  • specialist advice or professional services including:
    • corporate structuring services, Australian incorporation costs and tax advice including R&D tax incentive advice
    • regulatory and/or reimbursement advice

• commercialisation advice and services
• cost of small items of plant and equipment (capital items) necessary to provide quoted Biomedical Services to the proposed interstate/international client as detailed in the Application.
• only Biomedical Services provided within 24 months of a signed funding agreement.
• only where the interstate/international client which has paid its part of the fee for the Biomedical Services.

• Biomedical Services performed prior to the date of an approved Application are ineligible for consideration.
• Where capital items are required to be purchased by the Applicant to enable it to provide the proposed Biomedical Services these can be included in a proposal provided:
  • the cost of the capital items is itemised in the quote to the interstate/international client attached to the Application; and
  • the capital items are necessary to enable the Applicant to provide the proposed Biomedical Services to the interstate/international client.
• The purchase of capital items, to the extent that it is approved as part of an Applicant’s proposal, will be specified as being part of the services in the funding agreement.

Ineligible Services

• Ineligible Biomedical Services include:
  • Provision of Biomedical Services to a related or associated entity of the Applicant.
  • Provision of Biomedical Services involving a University or research organisation to another University or research organisation (including their related or associated entities).
  • Biomedical Services under a service contract entered into between the Applicant and the interstate/international client prior to the Application approval date.

Eligibility Criteria

• To be eligible to apply for funding support from the Program, an Applicant must:
  • be a company or business that has a physical, staffed and functioning office in Queensland providing Biomedical Services from a physical location in Queensland or capable of delivering Biomedical Services in Queensland
  • have been operating for at least 12 months prior to the Application closing date
  • have a valid Australian Business Number (ABN)
  • be GST registered.

Ineligibility Criteria

• Individuals and sole traders are Ineligible Organisations.

For more information, visit Australian Government.