Innovation Capital launches $100-million venture capital fund
Venture capital specialist Innovation Capital has launched a new $100 million fund.
The company announced this week that the new fund would be focused on providing financing to Australian companies developing or utilising advanced manufacturing techniques.
It said the launch of the fund followed on from Innovation Capital being named as one of three venture capital managers selected under the latest tranche of the Federal Government's Innovation Investment Fund (IIF) program.
The new fund will be known as Innovation Capital Fund III and will have a particular focus on companies involved in the development or use of advanced manufacturing techniques.
Commenting on the fund launch, Innovation Capital managing partner Michael Quinn said Australia had many world-class companies in the field of high-margin manufacturing.
"There are not many sources of finance for such companies in their early stages of development, which creates an outstanding investment opportunity for our fund," he said.
Quinn said the fund would consider investments in web and mobile applications, medical devices, alternative energy, mining technology, software and similar sectors with either service or high-margin manufacturing strategies.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
