Applications for the Federal Government’s Innovation Investment Follow-On Fund (IIFF) open today, with licensed fund managers eligible to apply.
The new program is a temporary, targeted and timely response to address the lack of capital available to young innovative companies during the global financial crisis to enable these companies to continue to develop and to commercialise research.
Funding of up to $83 million is available to invest in early stage companies that have already received investment capital under the Innovation Investment Fund, the Renewable Energy Equity Fund and the Pre Seed Fund.
Applications close 19 June 2009.
For more information, please visit the AusIndustry website
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