The CSIRO Innovation Fund invests in start-up and spin off companies, and SMEs engaged in the translation of research generated in the publicly funded research sector
The purpose of the CSIRO Innovation Fund is to invest in start-up and spin off companies, and SMEs engaged in the translation of research generated in the publicly funded research sector.
The CSIRO Innovation Fund will comprise a commitment of $70 million in government funding, $30 million revenue from CSIRO’s WLAN programme and additional private sector investment, with a target total value of $200 million.
The Fund will have a unique value proposition to investors and potential investment opportunities.
It is expected to:
- be open to investment proposals from CSIRO, universities, other publicly funded research agencies and their partners including SMEs
- focus on proposals that bring forward the commercialisation of ‘deep technology’ across government-aligned national industry priorities as currently articulated through the Industry Growth Centres
- invest for both commercial return and national benefit
- focus its investment toward companies establishing themselves and with most assets in Australia during their formative years.
The intent is that funding will be provided without co-investment where necessary to kick start very early stage proposals and to address the initial ‘Death Valley Curve’ in pre-seed and seed funding, but co-investment will be encouraged.
For more information (source) see >>> The CSIRO Innovation Fund
Image: Dixit Motiwala