South Australia Venture Capital Fund
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 SA Venture Capital Fund will:
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.
Earn a commercial rate of return for investors, including the South Australian Government, and commensurate with industry standards for early-stage venture capital funds.
SAVCF will consider initial investment in high growth and export
potential companies that have at least demonstrated a market for their
product or service and have either commenced generating revenue or can
demonstrate customer validation and evidence a route to revenue
Life science and biotech companies are exempt. In such cases, the SAVCF may consider initial investment once a company has demonstrated Phase 1 clinical trial results, or the equivalent stage for a medical device.
The SAVCF will not have any restrictions in terms of sectors or industries that eligible companies may participate in but requires the company to have 50% of its assets and 50% of its staff located in South Australia during a period that ends 12 months from the initial investment date.
The SAVCF will not invest in companies whose predominant activity is:
Property development or land ownership
Finance (other than finance technologies)
Insurance (other than insurance technologies)
Construction (other than construction technologies)
Making investments directed at deriving passive income.
The SAVCF will not invest in companies with assets more than $250M or that is a publicly listed company unless that company will be delisted within 12 months of the investment being made.