SA Venture Capital Fund (SAVCF)

To date the SAVCF has been managed by BlueSky Venture Capital Pty Ltd (BlueSky VC), a subsidiary of BlueSky Alternative Investments Ltd (BlueSky Ltd). With the recent announcement that BlueSky Ltd has been placed into Administration, the South Australian Government now invites experienced venture capital fund managers to submit Expressions of Interest (EoI) to partner with the existing members of the SAVCF team to take over the management of the SAVCF.

To access the expression of interest document, visit


To help build South Australian companies to a national and global scale, the South Australian Government has established the $50 million SAVCF that will invest in dynamic and innovative early-stage companies to accelerate their growth to a national and global scale.

The SAVCF has been structured as a co-investment fund, requiring each initial investment into an eligible company to be matched with at least 50% investment from other venture capital funds, high net-worth’s or other sophisticated investors.

The SA Venture Capital Fund will:


  • enable innovative South Australian ventures to secure funding and accelerate growth into national and global markets

  • stimulating economic activity and job creation.

  • strengthen the competitiveness of local early-stage entrepreneurs and companies to attract private sources of co-investment from national and international investors

  • earn a commercial rate of return for investors, including the South Australian Government, commensurate with industry standards for early-stage venture capital funds.

  • consider initial investment in high growth and export potential companies that have at least demonstrated a market for their product or service and have either commenced generating revenue or can demonstrate customer validation and evidence a route to revenue generation.

For any general enquiries please contact


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