[LINK] Local tech-start-up funds

[Adam Todd]

Hmmm. $10 per head of population in Australia.  Sounds like trying to make 
a Feature Film of the same value to compete with Hollywood.

But this is trying to make Tech Investment to compete against China!

Anyone seen that "Australian Made" ad on TV of late?  The one that shows 
two Printed Circuit Boards made in Asia whilst claiming "Exporting Circuit 
Boards to China" ...

I'm still trying to find a PCB Manufacturer in Australia that can make that 
style of PCB.  It seems anyone who "makes" PCB's actually has them made in 
China or Taiwan.

Still, maybe there is some top secret Government Manufacturing Plant in 
some underground location we are yet to know about that makes 8 and 16 
layer SMD PCBs!

At 03:58 AM 21/09/2006, stephen at melbpc.org.au wrote:
>As predicted on Link a week or so ago, here come the
>super fund investment monies that need to earn a living.
>
>$200m Fund to Seed Tech Start-ups
>
>Michael Sainsbury
>SEPTEMBER 20, 2006
>
>http://australianit.news.com.au/articles/0,7204,20443327%5E15306%5E%5Enbv%
>5E,00.html
>
>TECHNOLOGY start-ups are back in the hunt for capital with private equity
>manager Southern Cross Venture Partners launching a rare local, early-
>stage investment fund which it plans to arm with $200 million by the
>year's end.
>
>The fund will focus on technology and clean-energy sectors and is poised
>to make its first investment - in the telco sector - within the next
>week. <snip>
>
>SXVP boasts blue-chip directors, led by technology venture industry
>veteran Bob Christiansen, who was previously a director at tech-
>investment specialists Allen and Buckeridge
>
>Also on board is former Macquarie Bank executive Bill Bartee who led
>early-stage investments in online jobs site Seek and one-time internet
>search success Looksmart, and former Uniseed chief executive Gareth
>Dando. Former Apple executive John Scoll is the fund's Silicon Valley-
>based director.
>
>"One thing we have historically done in Australia is raise sub-scale
>funds," Mr Christiansen told The Australian.
>
>"We were then only able to make sub-scale investments in what then
>remained sub-scale companies."
>
>The criteria for raising the fund was that it could be a globally
>credible size of at least $US150 million ($200 million), Mr Christiansen
>said.
>
>SXVP will target investment in early-stage information technology
>projects, telecommunications and advance materials -- polymer plastics
>and nano-technology -- as well as clean energy, where Australia has some
>global presence.
>
>"What we don't do is pure biotech plays with drug development," Mr
>Christiansen said.
>
>The fund plans to make investment in each of its projects of between $10
>million and $12 million over the life of the investment.
>
>"The Australian marketplace is highly attractive for early-stage
>technology investing due to the excellent deal flow and persistent
>shortfall of early-stage venture capital," Mr Christiansen said.
>
>"The fallout from the tech bust saw investors move towards more
>conservative later-stage investments, but the time is now ripe for early-
>stage investing as a new stream of experienced entrepreneurs and
>interesting innovations emerge."
>
>The Australian
>--
>
>Regards all ..
>Stephen Loosley
>Melbourne, Australia
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