SA Venture Capital Fund

In reply to Mr COWDREY (Colton) ((17 June 2022).). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Treasurer): I have been advised:

1. The SA Venture Capital Fund currently has investments in the following six South Australian businesses:

Myriota Pty Ltd;

Fleet Space Technologies Pty Ltd;

Lumary Pty Ltd;

Fivecast Pty Ltd;

Ferronova Pty Ltd; and

Kindship Pty Ltd.

2. The fund has assisted a total of seven South Australian businesses to date.

3. Since the appointment of Artesian Venture Partners as the Investment Manager of the fund in March 2020, 384 South Australian businesses have been investigated for funding by the SA Venture Capital Fund.

4. Seven South Australian businesses have received funding from the SA Venture Capital Fund.