Qld names first five VC firms to get share of $130m fund

According to The Australian Financial Review, the Queensland government has named the first five venture capital firms to receive a share of a new $130 million fund that will invest in the state’s start-ups.
More than 85 VC firms and accelerators put their hand out for the cash from the Queensland Venture Capital Development Fund (QVCDF). It was originally established as a $75 million fund, but the Queensland government tipped in a further $55 million because of the strong demand for capital.

https://www.afr.com/technology/five-vc-funds-to-share-130m-qld-funding-named-20240214-p5f4rj