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AusFirst has developed unique low cost company structures to assist in commercializing Australian innovation.
We support new ventures carried on within companies with ordinary shares ("Supported Ventures") and we have established AusFirst Investment Companies - "AICs", which are private companies or unlisted public companies.
Our AICs are owned by numerous investors, and administered by us to keep overheads to a minimum. The AICs invest in a portfolio of ventures with the Boards making all buy/sell decisions. This methodology is simple and relatively cheap to operate, maximizes the skills needed to be successful, spreads the risk for investors and on average, over time, should lead to solid investment returns.
We have two types of AICs -
We support new ventures carried on within companies with ordinary shares ("Supported Ventures") and we have established AusFirst Investment Companies - "AICs", which are private companies or unlisted public companies.
Our AICs are owned by numerous investors, and administered by us to keep overheads to a minimum. The AICs invest in a portfolio of ventures with the Boards making all buy/sell decisions. This methodology is simple and relatively cheap to operate, maximizes the skills needed to be successful, spreads the risk for investors and on average, over time, should lead to solid investment returns.
We have two types of AICs -
- Foundation AICs - these are offered to investors to provide foundation investments for their portfolios. These are - AusFirst Capital Limited ACN 091 945 443, AusFirst Microfund Limited ACN 098 751 752, AusFirst Trading Ventures Pty Ltd ACN 111 523 678, and Barter Innovation Fund Pty Ltd ACN 116 980 968. These intend to continue investing in the long term and provide investors with the opportunity to buy into an existing portfolio of some of our core Supported Ventures.
- AusFirst 567s - These are planned to raise money and invest for 5 years during which time any profits from dividends or sales will be returned to investors as dividends. In years 6 & 7, the investment companies will opportunistically sell down all investments and return capital and profits to investors with the intent to fully pay out by approximately the end of year 7. The 567s can be industry or geographically focused.
