Introducing the Victorian Clean Technology Fund: Pioneers in Clean Tech Investment
The Victorian Clean Technology Fund (VCTF) stands at the forefront of clean technology investment and commercialisation in Australia. Established in 2003 as a private company, VCTF was originally known as the Centre for Energy and Greenhouse Technologies Pty Ltd (CEGT). The company has remained an active investor since its inception and operates as an evergreen fund, meaning that capital generated from divestments is continually reinvested into new opportunities.
VCTF's primary focus is on investing in and assisting with the commercialisation of innovative clean technologies. These technologies are characterised by their ability to deliver superior commercial returns compared to incumbent technologies while simultaneously addressing significant environmental and resource concerns such as greenhouse gas emissions, energy usage, water scarcity or quality, waste, and recycling.
As a venture fund, VCTF provides both financial and management support for early-stage enterprises. The company generally invests during the pre-seed and seed funding phases, where traditional venture capital sources are not readily available. VCTF may invest directly in projects or take an equity position in the enterprise.
Initially funded by the Victorian Government, investments made by VCTF should provide a tangible benefit to Australia, in addition to the company's clean technology focus. Although VCTF operates as a not-for-profit organisation, the requirement to reinvest returns from the fund means that investments with a clear commercial return and exit strategy will be preferred.
VCTF typically seeks to co-invest with other sources of funding in order to leverage its investment. While the company remains flexible, initial funding from VCTF is usually less than $1 million, with the potential for follow-on investment for promising enterprises.
The specialised industries in which VCTF operates include Venture Capital and Private Equity Principals. The company is conveniently located at 101 Collins St, Level 27, Melbourne, Victoria 3000, Australia. For further information on the Victorian Clean Technology Fund, please visit their website at http://vctf.com.au/.