Investor · 1 deal
Every published round NSW Treasury took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Vow | Grant | 22 Aug 2019 | $25k | Lead | Startup Daily (Tue 10 Sep 2019), @AuManufacturing, Startup Daily (Fri 16 Aug 2019) |
Companies NSW Treasury has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Vow | Cultured meat and novel food products grown from animal cells | 22 Aug 2019, Grant | 1 | 1 |
Fund closes reported for NSW Treasury, as distinct from the investments it has made.
Companies NSW Treasury has backed that another company then bought. An exit for the holding, not a deal NSW Treasury did.
| Name | Role | Sources |
|---|---|---|
| Michael Pratt | Treasury Secretary (former) | Startup Daily |
| Stuart Ayres | Minister for Jobs | @AuManufacturing |
Stories naming NSW Treasury. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Waave's co-founder criticises the NSW Government's abrupt pause of the MVP Ventures grant program, arguing it will cripple startups, and mentions his company's recent seed raise and allocated grant.
Digital consulting startup FORMM has raised a $600,000 pre-seed round from individual investors who also take on leadership, board and advisory roles, to help mid-sized businesses digitise.
Also SmartCompany
Adatree's founder recalls early grant and competition funding her startup won, then gives four tips for chasing government grants: research sources, check eligibility, treat applying rigorously, and partner with researchers.
Medtech startup Peak Medical has won the NSW-backed Innovation Districts C19 R&D Challenges, gaining support from Macquarie University, Western Sydney University and CSIRO to speed its post-operative home care product toward market.