Startup professionals meeting

South Australian Venture Capital Fund (SAVC)

  • Funding is available for local early-stage entrepreneurs and companies to stimulate economic activity and job creation.
  • For a limited time, a portion of the SAVC Fund is available for Seed stage investments of up to $400,000 per company.

The $50 million South Australian Venture Capital Fund (SAVCF) is available to help build dynamic and innovative early-stage companies to accelerate their growth to a national and global scale.

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Key Requirements

Investment is available to high growth and export potential companies that have demonstrated a market for their product or service.

The SA venture capital fund aims to:

  • enable innovative South Australian ventures to secure funding and accelerate growth into national and global markets, stimulating economic activity and job creation
  • strengthen the competitiveness of local early-stage entrepreneurs and companies to attract private sources of co-investment from national and international investors
  • earn a commercial rate of return for investors, including the South Australian Government, and commensurate with industry standards for early-stage venture capital funds.

What is eligible for funding?

Areas of interest include:​

  • B2B Software

  • Space

  • Clean Energy

  • Cybersecurity

  • Defence

  • Agrifood

  • Health and Medtech

What companies are eligible for funding?

SA entrepreneurs and companies.

To be eligible, applicants must:

  • be able to demonstrate a market for their product or service
  • have either commenced generating revenue or can demonstrate customer validation and evidence a route to revenue generation
  • hold less than $250 million in assets
  • not be a publicly listed company, unless that company will be delisted within 12 months of the investment being made
  • have 50% of their assets and 50% of their staff located within SA during a period that ends 12 months from the initial investment date.

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.