The commercialization of Australian innovation and research has received a welcome boost following the Commonwealth Government’s announcement it would allocate up to 100 million Australian dollars (US$102 million) to venture capital funds.
The Australian Private Equity and Venture Capital Association (AVCAL) noted the amount was “pleasingly greater” than the expected A$60 million already allocated to the Innovation Investment Fund (IIF) program.
To read the full, original article click on this link: Government Pledges $100 Million To Venture Capital - Deal Journal Australia - WSJ
