Australia's M.H. Carnegie, Vivant Ventures launch accelerator
M.H. Carnegie & Co, the venture capital firm set up by Australian investor Mark Carnegie, has launched an A$80 million ($76 million) accelerator fund for emerging technology companies. It will be run in collaboration with Vivant Ventures, an Australia-based digital development specialist, providing start-ups with support and seed funding of up to A$500,000.
The vehicle has already received a commitment of A$40 million through the Innovation Investment Fund (IFF) scheme, whereby the government contribution has to be matched by private sector LPs. M.H. Carnegie's...
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