The CSIRO Innovation Fund managed by Main Sequence Ventures is a AUD 242 million venture capital fund to invest in new spin-off companies, and existing startups and SMEs, which are developing technology from, or have ongoing research connections with, CSIRO, universities and other publicly funded research agencies.
Name in original language
Csiro Innovation Fund Managed by Main Sequence Ventures
Initiative overview
The CSIRO Innovation Fund works to address the gap in funding to translate Australian research into commercial outcomes and national benefit. The Fund was established under the Australian Governments National Innovation and Science Agenda announced in 2015, supported by AUD 70 million in Commonwealth Government funding and AUD 30 million from CSIRO's WLAN program, with a view to matching this from private sources. A successful capital raising round in 2017-18 has attracted AUD 142 million in private sector investment giving a total fund size of AUD 242 million.The initiative has the following objective(s):To support deep technology start-ups, spinouts SMEs through their early growth stages with capital investment and working intensively with the management of these companies.
Name of responsible organisation (in English)
Commonwealth Scientific and Industrial Research Organisation (CSIRO)
