Funding for innovative South Australian companies with high growth potential

Overview

Investment is available to high growth and export potential companies that have demonstrated a market for their product or service.

The SA venture capital fund aims 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
• earn a commercial rate of return for investors, including the South Australian Government, and commensurate with industry standards for early-stage venture capital funds.

Check if you can apply

To be eligible, applicants must:

• be able to demonstrate a market for their product or service
• have either commenced generating revenue or can demonstrate customer validation and evidence a route to revenue generation
• hold less than $250 million in assets
• not be a publicly listed company, unless that company will be delisted within 12 months of the investment being made
• have 50% of their assets and 50% of their staff located within SA during a period that ends 12 months from the initial investment date.

Funding is not available to 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)
• passive income investing.