The fund co-invests between $100,000-$200,000 into early-stage AgTech startups.

With every dollar of funding to be matched by two dollars of private investment, the fund will activate more than $6 million in total capital for founders building the future of on-farm productivity and sustainability.

The objectives of The Hugh Victor McKay Fund are to: 

• Increase in early-stage investments (value and number of AgTech deals) 
• increased support for AgTech founders to scale, leading to an increased number of scaleups, jobs and export revenues 
• Leveraging the Government’s funding at a ratio of at least 2:1.

Eligibility

The following Investor applicants are eligible to apply to The Hugh Victor McKay Fund: 

• An individual Angel investor 
• An Angel Network 
• ESVLCP (Early-Stage Venture Capital Limited Partnerships) 
• Managed Investment Scheme 
• A Family Office 
• A university venture fund
• Interstate and international Individual Angels Investors, Angel Networks, Family Offices, or EarlyStage VC Funds are permitted to apply.

The following applicants are ineligible to apply: 

• Applications from Startups seeking investment. 
• Applications from investors into small or medium enterprises (as opposed to startups) 
• Applications from investors into later-stage startups or scaleups 
• Applications from related parties 
• Applications from funds utilising only public funding. The Hugh Victor McKay Fund may co-invest in rounds that include funding from public funds but the application must be made by a private sector investor and the Hugh Victor McKay Fund will only leverage investment provided by private investors.

• Email: investments@launchvic.org