Antinuclear

Venture Capital Fund launched by Australian Government

Australian Government Launches A$200 Million Venture Capital Fund, WSJ, DECEMBER 15, 2011,  By Gillian Tan The Australian Government has appointed Southern Cross Venture Partners as fund manager of the nation’s largest renewable energy venture capital fund, valued at 200 million Australian dollars (US$198 million).

Softbank China Venture Capital will match the Government’s A$100 million commitment and the pooled funds will assist high potential Australian renewable energy start-up companies by making early-stage, critical equity investments beginning in 2012.

Southern Cross Venture Partners has offices in Sydney as well as Palo Alto and Shanghai and according to its website, a typical initial investment will be between A$2 million and A$5 million with additional cash injections in later rounds……The Southern Cross Renewable Energy Fund forms part of the Australian  Government’s $3.2 billion Australian Renewable Energy Agency.
http://blogs.wsj.com/dealjournalaustralia/2011/12/15/australian-government-launches-a200-million-venture-capital-fund/?mod=google_news_blog

December 15, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy