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DEPARTMENT OF DEFENCE - CASG has floated a tender for Expression of Interest (Eoi) - Pilot Fund - Investment in Defence Businesses. The project location is Australia and the tender is closing on 02 Aug 2024. The tender notice number is DOD/EOI/2024/1, while the TOT Ref Number is 103828509. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Australia
Summary : Expression of Interest (Eoi) - Pilot Fund - Investment in Defence Businesses
Deadline : 02 Aug 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 103828509
Document Ref. No. : DOD/EOI/2024/1
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
Name :xxxxxxxxx
Address : xxxxxxxxx
Email : xxxxxxxxx
Login to see detailsTender Details
This EOI is issued in response to item 4.4 of the Defence Industry Development Strategy (DIDS) announced by The Hon Pat Conroy on 29 February 2024 which outlined : ‘The Commonwealth will look to explore with venture capital fund managers and other investors a pilot project to assess appetite, fund size and opportunities for investors to invest equity (or debt) in eligible Australian businesses who have developed Defence capability, which is identified as a priority.- Chapter 4 of the DIDS includes commitments by the Government to encourage private investment in Australian defence industrial capabilities to complement Government investment. This includes engaging with private investors to enable them to better understand Defence-s requirements and opportunities. The Commonwealth, through Defence and supported by other relevant agencies, is looking to explore a Pilot Fund project with venture capital fund managers and investors, institutional investors and potentially a cohort of other sophisticated investors. It will assess appetite, fund size and opportunities for investors to invest equity (or convertible debt) in eligible Australian micro and small businesses (less than 50 employees) who have developed capabilities identified by Defence as ‘Sovereign Defence Industrial Priorities' (as identified in the DIDS). Innovative capabilities must achieve a technical readiness level between 3 and 7. The intent is to identify where there is a gap in the market which small busi...
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