South Australian Venture Capital Fund

Category: Other.
Program Status: Open.
Government: State Government.
Agency: Innovation SA.
More information: view website.

Project Eligibility

The 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 generation.

Life science and biotech companies are exempt. In such cases, BlueSky Venture Capital 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.

Project Details

To help build South Australian companies to a national and global scale, the South Australian Government has established the $50 million South Australian Venture Capital Fund (SAVCF) that will invest in dynamic and innovative early-stage companies to accelerate their growth to a national and global scale.

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 venture capital co-investment fund will be managed by one of Australia’s leading venture capital fund managers, Blue Sky Venture Capital