Expressions of Interest from parties to manage the South Australian Venture Capital Fund has now closed.
The fund will be operational by 1 July 2017.
- Available to startup companies looking to commercialise their ventures.
- Give promising start-up companies the ability to expand and scale up in Adelaide and abroad.
- Projects should have strong commercial prospects, be attractive to private investors and have the potential to succeed on national and global scales.
About the fund
To help build South Australian companies to a national and global scale, the Government of South Australia has committed to establish a $50 million co-investment fund that will invest in dynamic and innovative startup companies to accelerate their growth to a national and global scale.
The South Australian Venture Capital Fund will be managed by a private sector venture capital fund manager with strong networks to venture capital funds around Australia and internationally.