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Keep up to date with the latest news from Impact Investment Fund including Events, Impact, Investments and News.

Investing in startups that do good.

Startups and entrepreneurs are a large contributor to new jobs and innovation in Australia. Startups created 1.44 million jobs in our economy between 2006 and 2011 and it’s only continuing to grow.

If you’re an entrepreneur, or an innovative organisation that is just starting out, there’s a high chance you’ll need capital to get the ball rolling. A startup is just that, you’re in the idea phase; there is no customer base, product development or generated revenue. On top of that, there’s marketing, potential labour/staffing and system costs, inventory, etc, etc. You need capital, but where do you get it?

Fundraising. Although it might sound simple, it’s where the majority of startups fail. It takes a required skill set with the right communication tools to get out there and find the right investor, network and secure a successful outcome on the back of no guarantee return. From an investor’s perspective, it’s risky business.

However daunting it may seem for a startup to seek an investor, there’s potential for both parties. Larger organisations have the opportunity to sample new products and/or ideas that may be beneficial to their own business; it may be a digital technology tool that can add value to the investor’s current digital platforms. Another positive from the investor’s perspective is there’s less red tape, less layers of management to sign off on and things happen far more quickly, creating faster outcome with quicker results.

What are the changes to Venture Capital Limited Partnerships (VCLPs)

As of July last year, a new tax offset is available for eligible investors to support startups with a more favorable approach to funding. Venture Capital Limited Partnerships (VCLPs) are investment mechanisms that provide tax exemptions for companies that choose to invest into innovative organisations in their initial startup phase.

The reformed VCLPs will allow more competition between venture capital investment opportunities and a new 10% non-refundable carry-forward tax offset is available to partners in new Early Stage Venture Capital Limited Partnership (ESVCLPs) for capital invested during the year.

Read more on the changes to VCLPs and what these new arrangements mean.

Get some Help.

All this aside, there are options, whether you’re a startup or an investor, to seek assistance in nurturing a successful partnership. One10 believe in supporting and establishing businesses that are doing good, for the greater good. We want to gain momentum to those founders, change makers, innovators that are creating a positive social and environmental impact to the world we live in.

One10 are here to connect people together. We are nurturing exciting core partnerships and collaborations, and are seeing promising traction for our many Social Enterprise, Not-for-Profit and Corporate clients.

One10 offer the Active and Amplify capacity building program which assists startups for positive social and environmental impacts. We support these startups by sharing our expertise, networks and capital to nurture and grow your idea into a fruitful business, with lasting change.

We have two capacity building streams for purpose-driven people. Activate and Amplify. Alongside these drivers, Activate and Amplify, we also offer social impact consultancy services to enhance your organisation’s capacity and innovation. One10 give the support needed to create a lasting, positive change for the greater good.

One10 also work with corporate leaders that are aware of social impact and are interested in lending and supporting change for the better. We work alongside your organisation to achieve objectives and strategies that will deliver the most successful outcomes.

Visit here for more details on One10

What Changes will 2018 Bring?

Crowdfunding. As recently as September (2017), startups are eligible to raise up to $5 million from crowdfunding in any one year. Crowdfunding is a cost effective new form of fundraising. Under the new changes, private companies that want to access equity crowdfunding will no longer have to convert to a public entity.

Startups will now have the flexibility to grow their business with broader access to funds. ASIC will begin accepting licence applications from crowd-sourced funding (CSF) intermediaries. ASIC Commissioner John Price said that the new system balances the need for regulatory oversight with supporting innovation.

Read the new information on applying to be a CSF intermediary

Resources:

http://oneten.com.au/startups#startup-acceleration

https://www.linkedin.com/pulse/investing-20-startups-2016-how-we-innovate-australias-jeremy-liddle/

https://www.innovation.gov.au/page/changes-venture-capital-limited-partnerships

https://campfire.work/reasons-big-companies-like-invest-startups/

https://www.businessinsider.com.au/small-australian-startups-are-the-big-winners-from-changes-to-crowdfunding-laws-2017-9

http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-312mr-applications-for-crowd-funding-licences-open-29-september-2017/