The Biofutures Commercialisation Program seeks to attract national and international bioindustrial expertise to partner with Queensland researchers and/or businesses to scale-up and test new or improved technologies and processes from the pilot or demonstration scale in Queensland.
- Grants of up to A$250,000 (excluding GST) were provided for pilot scale projects of up to two years' duration.
- Grants of up to A$1M (excluding GST) were provided for demonstration scale projects of up to two years' duration.
Applications closed 18 April 2017 and no new applications are being accepted. Successful recipients were announced 22 June 2017 including: Southern Oil, MP Holdings (trading as MSF Sugar), Woods Grain, Burdekin BioFutures Project, and Aquatec Maxon.
The Biofutures Commercialisation Program is administered by the Department of Science, Information Technology and Innovation, and supported through the Advance Queensland initiative.
Visit the AQ website to find out more and download the guidelines.
The Biofutures Commercialisation Program is one of a suite of Queensland Government programs intended to boost the industrial biotech and bioproducts sector in the state.
- The Biofutures Industry Development Fund closes a gap in the funding and investment cycle for biofutures projects, supporting well-advanced proponents to get large-scale projects through the final stage of financial due diligence to secure financing from investors.
- The Biofutures Acceleration Program aims to accelerate the development of new biorefinery projects in Queensland.