Venture Growth Fund – Invest Victoria
The Victorian Government is providing $25 million in funding to establish the Venture Growth Fund (VGF). This fund will offer eligible high-growth startups access to venture credit of between $50,000 and $5 million, helping create jobs and driving economic growth. The VGF is part of the Victorian Government 2020-21 State Budget.
The objectives of the VGF include:
- increasing the level of investment in start-ups.
- upskilling the workforce in Victoria.
- developing new industries; and
- supporting job creation and economic growth.
What is venture credit?
Venture credit is a relatively new asset class in Australia but has shown great success in some capital markets overseas. In the United States and Europe, venture credit represents about 10 to 15 per…
