Innovation Investment Fund
Project Aim
The Innovation Investment Fund assists small, high-tech companies access equity finance in their seed, start up or early expansion stage.
The Innovation Investment Fund is designed to promote the commercialisation of Australian research and development.
Nature of Assistance
Licensed private sector funds managers make all investment decisions related to the fund. Fund managers provide equity financing and managerial advice to investee companies to assist in their rapid growth. The program addresses capital and management constraints:
- to encourage the development of new technology companies that are commercialising R&D
- develop an early-stage technology-based venture capital market in Australia
- develop fund managers with experience in the early-stage venture capital industry
- in return for the provision of capital, a fund manager acquires part-ownership of the company
Eligibility Criteria
The funds will be restricted to investing in technology companies with an annual average revenue of $4 million or less over the past two years, with a maximum of $5 million in either of those years.
Companies must be in seed, start up or early expansion stage.
Contact
AusIndustry
Tel: 13 28 46
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