ACS calls on investors to join early-stage tech fund
The Australian Computer Society (ACS) is calling on investors to join its new early-stage tech investment fund after pledging $5 million to the project.
ACS President Yohan Ramasundara announced the association’s intention to facilitate the fund at the Reimagination Thought Leaders’ Summit in Melbourne yesterday (4 December), in a bid to support “the next generation [of] tech founders”.
Issues attracting investment is a common roadblock to Australian start-ups’ success, according to ACS’s recent Digital Pulse report.
“I believe combining creativity with technology problem-solving is a passion for ACS members, so I don’t want to place an arbitrary cap on how much this fund will look to raise, but I do want to invite ACS members and other key stakeholders to join us.”
Ramasundara also invited other investors, including institutions and those with self-managed super, to join the scheme.
“It is hard to imagine how any portfolio will get above average growth without a portfolio including tech companies,” he said.
“So, if you have self-managed super and are interested in participating in our fund raise, please let us know.
“We have many fund managers in the room. If you are keen to work with ACS, we look forward to hearing from you.”
Investors interested in joining the ACS fund can register an expression of interest through fundpledge@acs.org.au.
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