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Biomedical

As part of the Queensland Government's commitment to diversify and strengthen our state's economy and create high-value, knowledge-based jobs, the Queensland Biomedical 10-Year Roadmap and Action Plan (PDF icon 1.2 MB) sets out a program to support, grow and attract biomedical enterprises.

Our vision

Queensland is becoming a globally competitive Asia-Pacific biomedical industry hub.

The Queensland Biomedical 10-Year Roadmap and Action Plan is supporting and developing our state's growing biomedical sector through key strategies:

  • supporting Queensland start-ups to prosper and successfully scale up
  • supporting existing businesses to grow and attract new businesses to Queensland, including the Biomedical Voucher Program
  • promoting capabilities to attract investment and facilitate alliances.

The Biomedical Progress Report (PDF icon 1.2 MB) details our progress against the strategies in the roadmap.

Queensland's biomedical sector at a glance

  • A$2.11 billion estimated annual gross value added to the Queensland economy (March 2022)
  • 12 400 people employed (March 2022)
  • export value estimated at $450 million (March 2022)
  • global expertise in tropical medicine and infectious diseases
  • mature and emerging health and knowledge precincts
  • established networks of top-tier industry support services
  • expertise in e-health and telemedicine
  • two decades of state government investment in science and innovation
  • world-class research base, state-of-the-art translational research facilities and hospitals
  • home to two of Australia's leading biopharmaceutical contract manufacturers

Why invest in Queensland biomedical industry?

Pro industry

  • World-class biomedical ecosystem
  • Fast, pragmatic regulatory pathway with rapid ethics approval
  • Clinical data complies with top international standards
  • Superior scientific talent and excellent research and medical infrastructure

Education

  • World-class training, teaching and research facilities
  • Highly skilled workforce with strong technical and academic collaboration
  • Brain gain: many Queenslanders have returned home with experience in international markets

Lifestyle

  • Enviable, relaxed lifestyle and world-famous natural attractions
  • Lowest median house price in a capital city on the east coast
  • Average of 300 days of sunshine annually

Population

  • Over 5 million residents with strong population growth and immigration from other states

Pro business

  • Very competitive business costs
  • Low payroll tax, high exemption threshold (A$1.1 million)
  • Stable economic and political environment and the most decentralised of mainland Australian states
  • Over 27 years of economic growth in Queensland and Australia

Location

  • Strategic location at the crossroads of the fast-growing Asia-Pacific region
  • Five international passenger airports with direct connectivity to global markets
  • Advantageous time zone within two hours of many major Asian capital cities

Queensland biomedical industry strengths

Queensland is home to a cluster of agile, innovative and entrepreneurial biomedical businesses. Our pre-clinical and early-phase clinical trial capabilities are underpinned by a world-class research base and state-of-the-art translational facilities.

Existing strengths and emerging capabilities include:

  • vaccine development and delivery
  • biopharmaceutical contract manufacturing
  • microbiome analysis and development
  • immunotherapies
  • generic pharmaceuticals
  • complementary medicines
  • nutraceuticals
  • medical devices and diagnostics
  • digital health technologies such as:
    • connected devices
    • remote monitoring technology and point-of-care diagnostics
    • wearable devices
    • telehealth.

Industry support and attraction incentives

Queensland Jobs Fund

The $3.34 billion Queensland Jobs Fund brings together the Queensland Government’s current flagship industry development programs to boost the state’s industry footprint, create jobs and strengthen Queensland’s economy.

As part of the fund, the new Industry Partnership Program will invest $350 million over four years to continue to grow and create jobs across a number of priority industry sectors such as biomedical.

Also under the Queensland Jobs Fund, the Invested in Queensland program is engaging with industry on high impact projects to create jobs now and into the future. Queensland Treasury are working with qualified investors, primarily medium-sized and large organisations, on significant projects that align with the government’s priorities.

Previous programs

The $150 million Advance Queensland Industry Attraction Fund.

We can help your business

Our dedicated teams can assist you with a range of services, programs and incentives to successfully grow your company in Queensland. Get in touch.

Discover how the Queensland Government and Australian Government support biomedical businesses through grants, incentives, and introductions to independent mentors and scientific partners.

We’re helping Queensland biomedical small-to-medium businesses like yours find funding and support to help you grow. Assistance programs are often designed to be accessed throughout different stages of the business lifecycle, so you can find the right opportunity for your business.

Program About the programTypeLevel of government
The Backing Queensland Business Investment Fund (BQBIF)  BQBIF has been created to support established small-to-medium enterprises (SME) innovate, realise their potential, and promote job creation in Queensland.  Funding Queensland Government 
Investment Support Scheme  The Investment Support Scheme is a rebate program for payroll tax and other state-managed taxes, designed to incentivise international and interstate businesses, with proven capability, to invest in Queensland through a transfer or expansion of operations. It is also open to Queensland-based companies considering reinvestment with a contestable investment decision.  Funding Queensland Government 
Strategic Investment Scheme  The Strategic Investment Scheme is designed to provide tailored assistance packages to Queensland based, interstate and internationally based business to support large-scale projects that result in significant economic benefits in terms of new jobs and wider supply chain and industry benefits.  Funding Queensland Government 
Industry Partnership Program  The Industry Partnership Program is a $350 million transformational industry development program that provides tailored assistance packages to develop projects that will strengthen local supply chains and grow the footprint of Queensland’s industries, while creating jobs.  Funding Queensland Government 
Made in Queensland  The Made in Queensland program under the Queensland Government’s Advanced Manufacturing 10-Year Roadmap and Action Plan supports Queensland’s SMEs in the traditional manufacturing sector to become more internationally competitive and adopt innovative processes and technologies.  Funding Queensland Government 
Advance Queensland – Industry Research Fellowships  The Advance Queensland Industry Research Fellowships program supports researchers partnering with industry to complete original research that will have a positive impact on Queensland. The program is focused on establishing and/or maintaining meaningful collaboration between researchers and industry.  Funding Queensland Government 
Export Market Development Grant (EMDG) The EMDG scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industries to grow their exports in international markets. Funding Australian Government
Modern Manufacturing Initiative (MMI) MMI will help Australian manufacturers scale-up, collaborate and commercialise. It will provide co-funding for large manufacturing projects across the National Manufacturing Priorities, including medical products. Funding Australian Government
Entrepreneurs’ Programme – Accelerating Commercialisation

Accelerating Commercialisation provides successful applicants access to expert guidance and grants to find the right commercialisation solutions for novel products, processes and services.

What do you get?

  • Expert advice and guidance
  • Up to $500,000 of matched project funding for Research Commercialisation Entities and Eligible Partner Entities
  • Up to $1 million of matched project funding for all other eligible applicants

Who is this for?

Australian entrepreneurs, researchers, inventors, start-ups, Research Commercialisation Entities and SMEs which have a novel product, process or service they want to commercialise.

FundingAustralian Government
Brandon BioCatalyst Brandon BioCatalyst (formerly the Medical Research Commercialisation Fund, MRCF) is an innovative investment collaboration that invests in early-stage development and commercialisation opportunities from Australian member medical research institutes and allied research hospitals. Funding Australian Government
Entrepreneurs’ Programme – Innovation Connections

Innovation Connections provides you with advice and funding to get research projects underway in your business. A facilitator will make recommendations for your research project, connect you with research institutions and help you apply for a grant to fund your researchers. To action the recommendations in your roadmap and get your research project started, you can apply for up to three different Innovation Connections grants. Your grants will reimburse you for up to 50 per cent of the cost of your researcher placements.

  • Up to $50,000 for a researcher to develop and implement a new idea with commercial potential in your business.
  • Up to $50,000 for one of your researchers to work in a Publicly Funded Research Organisation and access their research infrastructure.
  • Up to $30,000 for the placement of a graduate or post graduate researcher within your business to collaborate on your project with a Publicly Funded Research Organisation.
FundingAustralian Government
Biomedical Translation Fund The Biomedical Translation Fund provides companies with venture capital through licensed private sector fund managers. This helps develop biomedical discoveries into tangible products, services and outcomes. Funding Australian Government
MTPConnect – BioMedTech Horizons Program (BMTH) The BMTH program is a Medical Research Future Fund (MRFF) initiative intended to address gaps in early biomedical and medical technology product development and increase the number of viable, new health technologies reaching proof-of-concept stages or beyond and that become attractive for private capital investment and commercialisation. Funding Australian Government
CSIRO Innovation Fund CSIRO delivers programs and funding for start-ups, SMEs and researchers designed to remove common roadblocks to innovation. Funding Australian Government
MTPConnect’s Clinical Translation and Commercialisation – Medtech (CTCM) program Australian SMEs developing clinical stage medical devices requiring support for activities, such as product development and testing, clinical trial activity as well as regulatory support can apply for funding of between $250,000 and $1.5 million per project across two funding rounds (FY2022 and FY2023). This program has an emphasis on collaboration, partnering and consultation to nurture the next generation of health and medical research innovators and provide ongoing SME education. By supporting the development of innovative medical devices, the CTCM program aims to improve the health and wellbeing of Australians, while also helping projects to generate commercial returns and create high-paying jobs in the medical products sector. Funding Australian Government
Australian Research Council (ARC) Linkage Grants ARC Linkage Projects support collaborative R&D projects with higher education researchers and other parts of the national innovation system. Funding Australian Government
Pipeline Accelerator Therapeutic Innovation Australia (TIA) supports and facilitates researcher and SME access to a diverse range of Australian translational medical research capabilities. The Pipeline Accelerator provides SMEs and researchers the access to one or more of TIA’s core facilities. Funding is available to further assist with the cost of accessing a specific capability. Funding Australian Government
R&D Tax Incentive Biomedical businesses may be eligible for the R&D Tax Incentive which provides a tax offset for some of the costs of eligible R&D activities. Funding Australian Government
Biomedical Translation Bridge Program – MTPConnect The Biomedical Translation Bridge program, delivered by MTPConnect is a Medical Research Future Fund (MRFF) initiative, that provides up to $1 million in matched funding to nurture the translation of new therapies, technologies and medical devices through to the proof-of-concept stage. Funding Australian Government
BioMedTech Incubator Up to $50 million will be available through the establishment of the BioMedTech Incubator over two years from 2022–23, providing up to $5 million over five years to partnered SMEs to progress and nurture their medical research and medical innovation projects, providing access to capital and industry knowledge to support the transition of promising discoveries through the commercialisation pipeline. Funding Australian Government
National Foundation for Medical Research and Innovation The National Foundation for Medical Research and Innovation  (NFMRI) partners with biomedical researchers and donors to identify, evaluate and support innovative and high-quality research projects with identified impact objectives. Funding Australian Government
Business Research and Innovation Initiative The Business Research and Innovation Initiative is a funding program that is targeted towards companies providing solutions to specific challenges that are issued by government. Funding Australian Government
CUREator Aimed at supporting the development of Australian biomedical innovations, CUREator is a nationwide program offering grant funding for a select number of preclinical medical research and medical innovation projects, and clinical stage novel therapeutics. Funding Australian Government
Trade & Investment Queensland (TIQ) TIQ can assist biomedical businesses harness investment opportunities, buy Queensland goods and services, and take advantage of export opportunities in markets around the world. Online resources and a network of trade advisers are available to support Queensland businesses to launch into the market. Services  Queensland Government 
Workplace Health and Safety Queensland – Small Business Program Workplace Health and Safety Queensland provides resources and services to help small businesses stay safe, healthy and productive. Services  Queensland Government 
Regional Services Network Biomedical businesses looking for investment support or looking to grow a business can obtain assistance through the Department of State Development, Infrastructure, Local Government and Planning regional offices. Services  Queensland Government 
Project Facilitation Officers can assist in providing a coordinated approach across all levels of government to do with project facilitation and investment facilitation. Services  Queensland Government 
Small Business Solutions To assist in building your biomedical business, TAFE Queensland has a Small Business Solutions team dedicated to helping businesses design and implement the big ideas you have for your business through a series of workshops and one-on-one mentoring. Services  Queensland Government 
Business Queensland Business Queensland provides information and support services to help Queensland businesses start, grow and employ. Events and workshops are regularly held throughout the state to help biomedical businesses boost their business by learning the skills required for business growth and preparing for market and investment. Services  Queensland Government 
Mentoring for Growth program You can access volunteer business experts who provide insights and suggestions relating to challenges and opportunities in your business through the Mentoring for Growth program. Services  Queensland Government 
eHealth Queensland Innovation Pathway eHealth Queensland’s Digital Innovation Strategy provides an innovation pathway for pilot and proof-of-concept projects to deliver digital innovation. Services  Queensland Government 
Clinical Trials Portal If you are considering conducting pre-clinical and clinical trials, Queensland’s expertise and strength in this area can help accelerate the delivery of your product for testing. Experienced Queensland service providers can conduct your clinical trials to produce significant business value on costs and time, generating data that is acceptable in North America, Europe and Asia. Services  Queensland Government 
Intellectual Property Info Kit To help protect your biomedical innovation, the Queensland Government’s Intellectual Property Info Kit and online tools will help you understand Australia’s intellectual property system and how to identify, protect and commercialise intellectual property. IP Australia’s online services portal will help you apply, register, renew and pay for intellectual property rights for biomedical patents, trademarks and designs. Services  Queensland Government 
Entrepreneurs’ Programme – Growth Roadmap The Growth Roadmap service provides an analysis of your business by an independent medtech pharma facilitator. They will help you develop a roadmap to increase your ability to trade in Australia and/or other markets. What do you get? A broad review of your business, a roadmap and support from a mentor for up to one year. You will also have the opportunity to then apply for funding to action the facilitator’s recommendations. Who is this for? A business in a specified growth sector who wants assistance to grow and enter new markets. Services  Australian Government
Export Finance Australia Export Finance Australia provides finance expertise and solutions to small-to-medium businesses, corporates and governments to take on export-related opportunities. Services  Australian Government
https://business.gov.au/expertise-and-advice/digital-solutions-australian-small-business-advisory-services Australian Small Business Advisory Services – Digital Solutions provides low-cost digital advisory services for small businesses to increase capability in selling online, social media and digital marketing, using small business software and online security and data privacy. Services  Australian Government
Australian Landing Pads Australian Landing Pads program provides market-ready start-ups and scale-ups the opportunity to land and expand in global innovation hubs. Services  Australian Government
Entrepreneurs’ Programme – High Growth Accelerator The High Growth Accelerator service provides access to an independent facilitator for up to two years. They will work with you to develop a growth plan to help you realise an Australian and/or overseas growth opportunity. They will then mentor you as you action your plan. What do you get? A customised growth plan and access to a facilitator who will assist with your growth opportunity for up to two years. You will also have the opportunity to then apply for funding to action the facilitator’s recommendations. Who is this for? High Growth Accelerator supports high growth or high growth potential businesses who have a growth opportunity. Your growth opportunity must lead to transformational growth. Services  Australian Government
TradeStart The TradeStart network assists small and medium sized exporters to achieve long term success in international markets. It offers exporters the combined resources of Austrade and partner organisations from export markets, providing local assistance and a direct link to Austrade’s services and overseas network. Services  Australian Government
Export Council of Australia (ECA) ECA’s ‘Introduction to Growing a Global Business’ course explores the international business plan in depth, with support from industry experts. Services  Australian Government
Australian Trusted Trader ATT provides Australian businesses involved in importing and exporting with an accreditation which enables them to streamline and simplify customs processes. Services  Australian Government
Researcher Exchange and Development within Industry (REDI)

The REDI initiative will build the MTP workforce, address skills gaps and enhance the entrepreneurial ecosystem to:

  • Provide a skills development blueprint across the MTP value chain through a comprehensive (‘root and branch’) skills gap analysis
  • Deliver systemic improvement to Australia’s MTP workforce by providing industry experiences and skills development for researchers, clinicians, MTP professionals and innovators
  • Create new training, mentoring and industry placements
  • Develop an industry-ready workforce with the skills necessary to keep pace with a rapidly changing sector
ServicesAustralian Government
Australian Business and Licence Information Service (ABLIS) ABLIS is the Australian Government’s online search tool and will provide information about licences, registrations and permits you need to run your business. Services  Australian Government
Industry Capability Network (ICN) ICN is a business network that helps Australian and New Zealand companies grow through an online database and a network of regional consultants with access to large and small projects, partnership opportunities and supply chain development and channels to promote company capabilities to the business network. Contact ICN Queensland (QLD) at info@icnqld.org.au for information on Queensland products and services. Services  Australian Government
The Australian Therapeutic Goods Administration (TGA) and SME Assist Program

The biomedical industry within Australia is underpinned by a high-quality and robust regulatory system and standards for the development of therapeutic and medical devices. The Australian Therapeutic Goods Administration (TGA) regulates and monitors therapeutic goods to ensure the commercial supply of products and services meet the highest international standards.

https://www.tga.gov.au/

The SME Assist hub is designed to help companies and R&D groups developing new medicines and medical devices (including apps) understand their obligations.

https://www.tga.gov.au/sme-assist

Services  Australian Government
Office of Drug Control Office of Drug Control regulates and provides advice on the import, export and manufacture of controlled drugs to support Australia’s obligations under international drug conventions. Services  Australian Government
Medical Device Partnering Program (MDPP) The Medical Device Partnering Program supports the development of new, high-tech medical devices through facilitating collaboration between researchers, industry, end-users and government, and undertaking rapid research projects that demonstrate proof of concept and de-risk ideas. Services  Australian Government

Office of the Gene Technology Regulator

The Office of the Gene Technology Regulator identifies risks posed by or as a result of gene technology and manages those risks by regulating certain dealings with genetically modified organisms.

ServicesAustralian Government
DMTC Ltd – Medical Countermeasures Program The DMTC Ltd Medical Countermeasures Program is supported by CSIRO and the Department of Defence to advance the Australian development of technologies and products that will protect military and civilian personnel against a range of threats, emerging infectious diseases and pandemics. Services  Australian Government

Information is correct as of August 2022. Some programs may not currently be open for applications. This is not an exhaustive list, and applicants are encouraged to refer to administering organisations and funding bodies for further information.

Further information

For more information email biomedical@dsdmip.qld.gov.au

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Last updated: 29 Sep 2022