An upcoming NSW innovation plan looks set to arrive this month with a state venture capital fund to fill in the strategic gaps left by private investors, like manufacturing.
It follows similar moves by other states to crowd in venture capital and the Minns government is considering it ahead of its highly anticipated Innovation Blueprint, set to be launched later this month.
Queensland, Victoria and Western Australia have all offered generous state contributions to entice venture capital funds to set up or expand in their states. In Victoria’s case, the state’s $2 billion fund is run through a state owned company, Breakthrough Victoria.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.