ASX-listed superannuation and investment manager Australian Ethical has become a major investor in the CSIRO’s venture capital fund, Main Sequence, saying its $250 million fund gives it a unique chance to get in on the ground floor of world-changing companies.
The Main Sequence fund, which was revealed in April, is the second fund, and the firm has already backed a wide variety of “deep tech” or science-based start-ups that it says demonstrate the potential to solve the world’s biggest problems.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
