This fund aims to invest in high-growth, scalable businesses that are tackling global markets in the creative industries. It is created to address the lack of risk capital available to the creative businesses in Australia.
Eligible applicants include companies with a focus on design, fashion, entertainment, photography, music, film and television, digital technology, games and interactive content.
Many of the companies QUTCEA have considered for investment could be viewed as 'tech startups' by other investors, and they are very open to co-investing with mainstream early-stage investors including angels and venture capital funds.
The fund does not invest in:
- Creative artisans whose business is based on selling their individual creative output (eg. painters, sculptors, musicians).
- Businesses based on selling time (consulting services, graphic design agencies etc).
- Traditional fashion labels.
- Charitable, not-for-profit or social enterprise organisations, companies seeking funding to pay off bank or personal debt and businesses that are not in the creative industries.
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