Australian
Monday 30/3/2009 Page: 25
VENTURE capital firm Starfish Ventures is looking to broaden its exposure to the renewables/clean energy sector, having completed a $185 million raising late last year. The clean energy mandate was only added recently and investment principal John Dyson says he is now looking for an even spread across clean energy, life sciences (biotechs), and information/communications. Late last year Starfish took part in the latest round of raising by Australian-founded but now California based solar thermal company Ausra and has also invested in Tasmanian environmental management company Myriax.
Dyson says the effective closure of the public markets means venture capital is being inundated with approaches. Starfish intends to keep its focus on Australian or Australian-related companies (such as Ausra), and Dyson and clean technology partner Ivor Frischknecht are particularly attracted to water management. "We see lots of interesting possibilities in water management, such as software for better utilisation. It's an area that if all goes well, you can take into developed and developing markets."
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