DMC Confirms $2,500,000 Investment from Queensland BDF
Friday 22 May, 2020
Brisbane based De Motu Cordis Pty Ltd (DMC) is delighted to confirm receipt of a $2,500,000 investment from Queensland Business Development Fund (BDF).
DMC is an exciting medical technology start-up company commercially developing a family of medical device solutions for the delivery of active pharmaceutical ingredients in critical and emergency care situations.
“Queensland Treasury believe that supporting emerging companies through the $80 million BDF underpins the Government’s commitment to growing jobs and strengthening the State’s entrepreneurial ecosystem.
The BDF has a unique and highly successful funding model which stands out from the crowd. The Fund has been successful in growing the pool of angel and venture capital funding to support the growth of innovative businesses, which in turn creates high-value jobs and showcases Queensland in Australia and around the world”.
DMC further acknowledge the considerable role played by Nick Capell and The Queensland Investment Corporation (QIC) to facilitate this process, as we are now very well placed to deliver upon our upcoming key next stage development milestones.