Self Managed Super Funds (SMSF) may be a missing piece to the innovation puzzle in Australia. One of the problems facing many Australian start-ups and early stage companies is a lack of access to the funds they need to commercialise their technologies. If sufficient funds cannot be raised locally, these companies have two choices: go overseas (typically the USA) or manage with the very limited resources available to them – and accept a greatly increased likelihood of failure. Either result is a lost opportunity for Australia to capitalise on its educated and innovative workforce and to generate new jobs. Start-ups and early stage companies struggle to raise debt finance and are too small to warrant the attention of large equity investors, such as fund managers and other institutional investors. That leaves Venture Capital firms, Business Angels and the three Fs – Friends, Families and Fans…

November 30th, 2010
Money maker
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