Artesian Ventures, University of Queensland to launch start-up fund

Partnering with the university and private sector incubators allows Artesian to scale the analysis side of the operation - the seeking out of companies and doing due diligence, Artesian Managing Partner Jeremy Colless told Business Review Weekly.

"It became clear to us reasonably quickly in the very early venture space - seed capital and angel capital - that it was important to have a lot of investments," he added. "It's a numbers game. A large number of start-ups fail, and a large percentage of returns in the early-stage venture capital come from a fairly small percentage of start-ups."

The tie-up follows the introduction of the A$10 million Slingshot Venture Fund earlier this year, which is a partnership between Artesian and Hunter Valley regional accelerator Slingshot. The first of Artesian's early stage venture capital funds - the A$10 million Sydney Angels Sidecar Fund - launched in 2011.

Since it began in 2000, ilab has incubated over 100 start-ups and helped then raised over A$70 million in grants and investment capital to fund growth and generate technology jobs.

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• Topics
• Australasia
• Venture
• Technology
• Early-stage
• Australia
• Technology
• seed