Consultation on Venture Capital Fund

MBIE are now beginning industry consultation on the Venture Capital Fund (VCF) Bill, which would establish the fund-of-funds that provides $300mil of government funding towards the early-stage investment markets. Of note is the proposal for some percentage to be allocated towards international funds, and restrictions on the use of funds for particular stages (mostly Series A/B) of investment.

See the press release here:

See the latest Cabinet paper here:

See the collection of documents from Treasury here: