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Hot DesQ
Hot DesQ is a Queensland government-backed investment program attracting global startups with capital and relocation support to Brisbane.
Hot DesQ
Hot DesQ is a Queensland, Australia-based initiative that offers funding to startups. It provides up to $100,000AUD to support business growth. The organization has made three investments, including a Seed-II investment in CloudPeeps on August 31, 2017.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Brisbane
Corporate office
Brisbane, Australia
Frequently asked questions
How does Hot DesQ source its deal flow?
Hot DesQ sources startups through an open application process targeting international founders. The program markets itself via partnerships with Trade and Investment Queensland and global startup networks. Selected companies receive funding in exchange for relocation to Brisbane.
Is Hot DesQ structured as a traditional venture fund?
No. Hot DesQ is a government-backed program, not a permanent capital vehicle. It operates in funding cycles tied to the Queensland state budget. Returns are secondary to economic development objectives like job creation and business migration.
What investment stages does Hot DesQ target?
The program targets early-stage, startup, and growth-stage companies. It does not explicitly avoid any sector but focuses on companies ready to relocate their headquarters or regional operations to Queensland.
Does Hot DesQ make direct equity investments or offer grants?
Hot DesQ provides a mix of grants and equity investments to selected startups. The exact terms and instruments vary per cohort and are negotiated with each participant. The program does not publicly disclose its cap table positions.
What is Hot DesQ's relationship to the Queensland Government?
Hot DesQ is a direct initiative of the Queensland Government, operating under the Advance Queensland innovation agenda. It receives state funding and collaborates with Trade and Investment Queensland for market access support.
How many startups has Hot DesQ funded, and what is its portfolio size?
Hot DesQ does not publicly disclose a detailed portfolio list or total capital deployed. Media reports and government announcements cite annual cohorts of international startups, but aggregate figures are not available.
What sectors does Hot DesQ typically prioritize?
The program does not publicly specify sector preferences. Past participating startups are understood to span technology, health, and other verticals — consistent with a generalist mandate.
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