The South Australian government has commissioned an independent review of the state’s venture capital fund, which has delivered $27 million in funding to early-stage companies over the past six years.
Melbourne-based management consulting firm Strategic Project Partners has been drafted in for the review from mid-January to the beginning of May, according to the South Australian tendering website. It will be paid just under $240,000 for the work.
The SA Venture Capital Fund (SAVCF) is South Australia’s government-backed co-investment fund, targeting pre–Series A and Series A investment in local startups in areas like space, cybersecurity, defence and clean energy.
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