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A new $30 million Western Australian Venture Capital (WAVC) Initiative has been launched to support locally-based starts-ups to scale up and create jobs for Western Australians. The initiative builds on the WA Venture Support (WAVES) program which helped three venture capital funds establish in WA to support local innovation. Investment through the ‘Fund of Funds’ model will leverage State investment and attract venture capital. The initiative is expected to generate significant additional venture capital funding in WA, drive innovation and create jobs. Read more here.
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