The government has launched the Biomedical Translation Fund, a $500 million fund that will help commercialise biomedical discoveries.
NSW Government launches Mental Health Innovation Fund to support improvements to mental health services
HealthTech startups are being urged by the NSW Government to come up with health driven innovations to combat mental illness, which it will support through its new $4 million Mental Health Innovation Fund.
Sydney-based venture capital firm Blackbird Ventures has raised $200 million for its second fund, a big jump from its inaugural $30 million fund launched in 2012. This makes Blackbird the largest tech startup-focused VC firm in Australia.
Brandon Capital launches $200M venture fund for life science startups, backed by Australian super funds
With support from AustralianSuper, StatewideSuper, HESTA and Hostplus Industry Super Funds, Brandon Capital has raised a total of AU$200 million, making the firm’s third Medical Research Commercialisation Fund (MRCF3) the largest ever life science venture fund in Australia.
Farmbot, Pixc and Open Learning have successfully obtained second-round funding from SYD Ventures – a company that describes itself as a startup (not a VC fund) investing in other early stage startups.
Alex Turnbull, son of Federal Minister for Communications Malcolm Turnbull, may be setting an example of how Australians can work with their Asian counterparts. The Sydney Morning Herald reported today that Alex Turnbull is planning to launch a Singapore-based hedge fund, Keshik Capital, which will be “focused on Asia with the flexibility to invest globally”.