Queensland's Startup Scene Gets a $130m Boost through VC Fund Initiative
In a significant move aimed at bolstering the vibrant startup ecosystem, the Queensland government has unveiled a groundbreaking initiative, injecting a substantial $130 million into the startup sector. This strategic deployment of funds is part of the Queensland Venture Capital Fund (QVCDF), a visionary program designed to foster growth and innovation within the state's burgeoning startup landscape. With this initiative, Queensland asserts its position as a dynamic hub for startup investments, trailing only behind New South Wales and Victoria in terms of venture capital (VC) deal-making activities.
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