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Private Australian technology companies, preferably located on the eastern seaboard of Australia to allow for maximum input by our team, |
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The technology should be capable of internationalisation in a rapidly growing market to leverage our offshore relationships and drive scale, |
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The technology should have a strong intellectual property position and competitive advantage, addressing a market need in the life sciences IT, Telecommunications, New Media or Cleantech sectors. |
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The technology should be world leading and deemed feasible of generating significant product/service sales over a five year period, |
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The company should have already contributed to a significant R&D expenditure either through seed capital or government grants, |
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Satisfactory technical performance or a working prototype, |
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Significant industry and operational expertise of the team and proposed recruits, |
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Turnover below $5 million, |
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A valuation of less than $10 million, |
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Entry P/E in the range 4-6 (if profitable), |
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Limited risk of either product or environment prosecutions or liabilities, and |
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Investee companies should be looking towards an exit within 3 to 5 years of initial investment. |
