The Momentum Investment Group Pty Ltd (“Momentum”) is a venture capital manager and the parent company for Momentum Funds Management Pty Ltd (“MFM”). MFM manages the Momentum Ventures Unit Trust, a fund established in the first round of the Innovation Investment Fund (“IIF”) program. This submission is based on Momentum’s extensive involvement with venture capital, its wide commercial and technical experience, as well as its direct, 30 year involvement with and perspective on Government initiatives in the area of R&D, innovation, venture capital, etc.
We have also had extensive involvement with CSIRO, university and industry R&D and seen the commercialisation efforts of dozens of projects and companies. In addition, Ron Finkel has had a very lengthy interest in Israel’s scientific and commercial initiatives and achievements and has a personal relationship with a wide range of key Israelis active in the innovation field. Ergad Gold had a direct involvement in Australian Government policy development and program oversight when, during the period 1987-90, he served as Science and Technology Advisor to Senator John Button, the then Minister for Industry, Technology and Commerce.