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Dear AVCAL Colleague,
Clarification on Eligibility for New Round of IIFs
Following the Government's very welcome Budget commitment of $200 million for a further round of funding of the Innovation Investment Fund (IIF) programme, we are pleased to note that it appears existing managers, as opposed to just new managers, will be able to apply for funding.
Clarification on this point was provided by the Department's Secretary at a Senate Estimate's Hearing last week in response to a question by Senator George Campbell.
AVCAL 2006
We are delighted to welcome the Queensland Government as Event Sponsor of AVCAL 2006. They join the following Platinum Sponsors.
AVCAL 2006 - September 26th & 27th - Cairns
At 9am on Tuesday 26th September, we will be having an Institutional Investor Symposium. Key domestic LPs & Advisors will participate in a moderated discussion on important issues.
We have accepted registrations for 639 delegates and will be closing registrations at 5pm on Friday 2nd June. Just a reminder that AVCAL 2006 is a Member's Only event. Registrations must be paid by June 30.
Please make sure you have Accommodation and Flights booked. There are still excellent packages available, but airline seats and hotel rooms are filling quickly. Please contact Travel Logic to make your bookings.
AVCAL State Events
QLD Networking Lunch
What is the Future for Early Stage Venture Capital in Australia?
Date: Thursday 22nd June 2006
Speakers: Andy Jane, Partner, CM Capital Andy
John Dyson, Investment Principal, Starfish Ventures
Ruth Drinkwater, Manager, TeQstart
Venue: Stamford Plaza, River Room - Corner Edward & Margaret Streets, Brisbane QLD
Cost: $75 AVCAL Member incl gst & $90 Non Member incl gst
SA Networking Lunch
Business Integration - Do Synergies Exist?
Date: Thursday 29th June 2006
Speaker: Ben Frewin, Investment Director, Archer Capital
Cost: $50 AVCAL Member incl gst & $60 Non Member incl gst
Venue: Hilton Adelaide, Victoria Room
233 Victoria Square, Adelaide SA 5000
Biotech CEO Series Breakfast
Speaker:
Dr Stewart Washer, CEO, Phylogica Ltd
Date: Wednesday 19th July 2006
Venue: Quay Restaurant, Upper Level, Overseas Passenger Terminal, The Rocks, Sydney
Cost: $45 (incl. GST) AVCAL Member & $55 (incl. GST) Non Member
Pitching Presenter: Professor Hans Coster, Chief Scientist, INPHAZE Pty Ltd
AVCAL 2006 Charity Fund Raiser
Anyone who has followed in the media over the last couple of weeks the plight of Indigenous children in remote communities will be heartened by AVCAL's support of Yalari Limited's Rosemary Bishop Indigenous Scholarship.
The charity commenced in 2005, and AVCAL is a founding supporter.
The charity provides Indigenous children from remote communities with scholarships to attend secondary schools throughout Australia. The aim is for these children to become leaders within their communities.
AVCAL raised $63k at its annual conference in 2005, and a further $300k has been contributed by members of the private equity & venture capital community. Five children have now been awarded Rosemary Bishop Indigenous Scholarships.
During 2006, AVCAL will continue its support of Yalari Limited by raffling a painting by Papunya Tula Artist, Joseph Jurra Tjapaltjarri. A maximum 1,000 tickets will be sold @ $100 each. The raffle will be drawn at the annual AVCAL conference dinner on September 27th. Please help Indigenous people create leaders in their communities
To purchase tickets, please go to www.avcal.com.au/charity
AVCAL / Thomson Financial Performance Survey
All Investor Members will be asked to participate in the 2006 AVCAL / Thomson Performance Survey. The survey will be dispatched in mid June to CFOs or Principals. Our aim is to release the results at our Institutional Investor Symposium as part of AVCAL 2006.
The Survey will provide information on the amount of capital available for investment, as well as Benchmark IRRs for the Venture Capital and Private Equity industry. Please direct any enquiries to Ed Day.
Excellence in Upstream Energy
31st July, 1st August 2006
Sofitel Wentworth Hotel, Sydney
Resourceful Events are hosting the 2006 Excellence in Upstream Energy conference. This 2 day event brings together companies in the oil and gas industry to present to the investment community - an opportunity for investors and industry executives to meet with Australia's oil and gas companies.
Early bird registration until 23rd June is only $450 plus GST. Visit www.resourcefulevents.com/energy
Telephone: +61 2 95186692
Business immersion tours - China, India, Middle East
The Australian Government provides language and cultural training programs for businesses. Programs include well planned trips to China, India and the Middle East. For further details view this PDF or visit http://www.nclt.com.au
Welcome to this months new Members
Individual
- Zoran Radosevic
- Rhys Edwards
- Macleay Christopherson
- John McCann
Student
- Mathew Simpson
Yours sincerely,
Andrew Green
Chief Executive
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