M.H. Carnegie & Co. partners with Vivant Ventures
to unearth emerging Australian technology companies
Innovation Fund provides accelerator funding for viable start-up businesses
Sydney, 18 June 2013: M.H. Carnegie & Co. today announced a relationship with Vivant Ventures as part of its search for emerging Australian technology companies. Vivant Ventures, Australia’s leading digital design development team, will work with M.H. Carnegie & Co to identify, invest behind and develop Australian digital technology opportunities.
The partnership comes as M.H. Carnegie & Co prepares to launch an $80mn Innovation Investment Fund (IIF) following a $40mn grant from AusIndustry. M.H. Carnegie & Co. expects that Vivant’s experience in digital technology – a major investment thematic of the fund – will complement its investing expertise.
Mark Carnegie, principal of M.H. Carnegie & Co said: “By combining our commercial and investment experience with Vivant’s track record in fostering technological innovation we will have a lot to offer the best and brightest of our local entrepreneurial talent.
“This is about helping clever Australian technology companies to hold their own globally and overcome impediments to scaling quickly.”
Vivant Ventures is the incubator arm of Vivant, the creators of world-first digital technologies for clients such as Commonwealth Bank, Qantas, and RP Data.
Vivant CEO Anthony Farah said that the partnership will provide a vital launch pad for Australian businesses that pass the firm’s rigorous development and commercialisation process.
“Companies supported by this partnership will have significant backing, both financially and operationally. To take an entity from concept to commercial success goes beyond a cash handout. Vivant will share our experience in identifying, developing and marketing breakthrough technologies with new businesses to help maximise opportunities and lower the risk for investors,” Farah said.
“Firms and entrepreneurs working with Vivant Ventures will benefit from a dynamic and accomplished team of designers, developers and user experience professionals. The team is further bolstered by an experienced advisory board with an extensive global network,” he added.
A number of start-ups have already worked with the Vivant Ventures team to take their ideas to market, including ‘jaro.com’ – a global game for good, and ‘Henry’ – a proximity marketing platform that allows merchants to create and publish highly targeted offers to consumers in specific geographic locations.
Vivant Ventures will announce a number of upcoming initiatives to find and fund Australia’s next generation of digital talent. Companies interested in learning more about Vivant Ventures programs should visit: www.vivant.com.au.
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Ashford Pritchard, Launch Group
E: firstname.lastname@example.org T: +61 (0) 2 9492 1040 M: +61 (0) 411 020 680
Vivant is a digital design and development company that helps leading brands bring great ideas to life. Vivant has created world-leading digital and mobile solutions for some of Australia’s most recognised organisations, including Commonwealth Bank Australia, QANTAS and RP Data. Headquartered in Sydney and with offices in London and the Isle of Man, Vivant is an ideas lab staffed by a multi-disciplinary team of technology experts, creative thinkers and business strategists.
Founded in 2008, examples of Vivant’s work include the multi-award winning digital wallet Kaching, Property Guide and the CBA app for Commonwealth Bank Australia, RP Data’s highly successful Mobile Pro, pioneering proximity marketing technology Henry, and Jaro.com – the billion dollar global game for good recently launched in the United Kingdom.
For more information visit: vivant.com.au.
About M.H. Carnegie &Co
M.H. Carnegie & Co. (“MHC”) is a venture capital, private equity and alternative asset manager based in Sydney, Australia. MHC was launched by Mark Carnegie in 2011 to capitalise on the appetite for smaller alternative investment opportunities in Australia following the financial crisis. MHC has successfully invested across venture and expansion capital, stressed operating real estate and shareholder activism.