The $50 million South Australian Venture Capital Fund (SAVCF) is available to help build dynamic and innovative early-stage companies to accelerate their growth to a national and global scale.
The SAVCF is designed to:
- enable innovative South Australian ventures to secure funding and accelerate growth into national and global markets, stimulating economic activity and job creation
- strengthen the competitiveness of local early-stage entrepreneurs and companies to attract private sources of co-investment from national and international investors, and
- earn a commercial rate of return for investors, including the South Australian Government, and commensurate with industry standards for early-stage venture capital funds.
The SAVCF has been structured as a co-investment fund, requiring each initial investment into an eligible company to be matched with at least 50% investment from other venture capital funds, high net-worth’s or other sophisticated investors.
The Fund will be managed by one of Australia’s leading venture capital fund managers, Blue Sky Venture Capital, who will assess applications on a case-by-case basis.