Page 1295 - Week 04 - Thursday, 21 March 2013
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(1) The ANU - Motor Traders Association of Australia (MTAA) Venture Capital Partnership was established February 2005 with ANU Connect Ventures established as the Venture Capital Limited Partnership (VCLP) manager at the same time. Grant funding was provided to the ANU under a Deed of 30th June 2004 for the purposes of Knowledge Based Commercialisation Funding.
(2) The funding Deed provided a grant of $10 million which was subsequently committed through the ANU as a Limited Partner to the ANU-MTAA VCLP along with $20 million from MTAA and a commitment from the ANU to provide management support resources under a Resources Services Agreement dated 1st August 2005.
(3) Investments have been made in the companies listed below drawing on combined commitments from the Limited Partners in line with the Partnership Deed:
|
Company |
Initial Investment Date |
Location |
Industry |
Total Investment Value |
Status |
|
Cryptophama Pty Ltd |
Nov 2006 |
ACT |
Biotech |
$500,000 |
Placed into receivership and deregistered |
|
Warm Contact Pty Ltd |
June 2007 |
ACT |
Medical Device |
$700,000 |
Active |
|
Savine Therapeutics Pty Ltd |
April 2008 |
ACT |
Biotech |
$700,000 |
Sold to Biodiem Ltd |
|
Dosimetry and Imaging Pty Ltd |
August 2007 |
ACT |
Medical imagining |
$985,000 |
Active |
|
Mylexa Pty Ltd |
Jan 2009 |
ACT |
Biotech |
$700,000 |
Active |
|
Synergetic Services Pty Ltd |
May 2008 |
NSW |
ICT |
$500,000 |
Placed into voluntary liquidation August 2012 |
|
Digital Core Pty Ltd |
Nov 2010 |
ACT |
ICT/Oil&Gas |
$1,000,000 |
Active |
|
StageBitz Pty Ltd |
Oct 2012 |
ACT |
ICT |
$250,000 |
Active |
(4) The initial commitment of funds was $30 million which was reduced to $27 million to establish the Discovery Translation Fund. As of December 2012 the uncommitted Limited Partner funds are $18.5 million.
Australian National University Connect Ventures—funding
(Question No 72)
Mr Smyth asked the Minister for Economic Development, upon notice, on 28 February 2013:
(1) When did the Discovery Translation Fund commence.
(2) What funds were provided for this initiative and over how many financial years.
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