Renewable Energy Venture Capital Fund Program Evaluation Report

Atherton, A; Nagrath, K; Bliemel, M; Chong, J; Cotton, D

Renewable Energy Venture Capital Fund Program Evaluation Report

Atherton, A Nagrath, K Bliemel, M

Chong, J Cotton, D

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Publisher:: Australian Renewable Energy Agency (ARENA)
Publication Type:: Report
Citation:: 2020
Issue Date:: 2020-07-28

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Field	Value	Language
dc.contributor.author	Atherton, A
dc.contributor.author	Nagrath, K
dc.contributor.author	Bliemel, M https://orcid.org/0000-0002-5160-0888
dc.contributor.author	Chong, J
dc.contributor.author	Cotton, D
dc.date.accessioned	2021-02-08T09:44:43Z
dc.date.available	2021-02-08T09:44:43Z
dc.date.issued	2020-07-28
dc.identifier.citation	2020
dc.identifier.uri	http://hdl.handle.net/10453/145954
dc.description.abstract	ARENA engaged UTS to conduct a mid-term evaluation of the Renewable Energy Venture Capital Fund (REVC). The evaluation was conducted by University of Technology Sydney who were commissioned by ARENA. Overall the evaluation suggests the Fund has filled, and continues to fill, a market gap in early stage renewable energy funding in Australia. Mid-way through the fund’s life, portfolio company success is mixed so far, with it being too early to tell what the eventual impact will be for several companies. This picture of mixed success is consistent with venture capital (VC) patterns in renewable energy (RE) in other countries and in other sectors, where it is expected that some companies will fail, and others will succeed – a reflection of the higher risk associated with earlier stage investments. The REVC is now in its management phase. ARENA is acting on the two evaluation recommendations relating to this phase of the fund’s life.
dc.language	en
dc.publisher	Australian Renewable Energy Agency (ARENA)
dc.relation	Australian Renewable Energy Agency (ARENA)
dc.rights	info:eu-repo/semantics/openAccess
dc.title	Renewable Energy Venture Capital Fund Program Evaluation Report
dc.type	Report
pubs.organisational-group	/University of Technology Sydney/Faculty of Transdisciplinary Innovation
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	open_access	*
pubs.consider-herdc	false
dc.date.updated	2021-02-08T09:44:07Z
pubs.commissioning-body	Australian Renewable Energy Agency (ARENA)
pubs.place-of-publication	https://arena.gov.au
pubs.publication-status	Published online
dc.location	https://arena.gov.au

Abstract:

ARENA engaged UTS to conduct a mid-term evaluation of the Renewable Energy Venture Capital Fund (REVC). The evaluation was conducted by University of Technology Sydney who were commissioned by ARENA. Overall the evaluation suggests the Fund has filled, and continues to fill, a market gap in early stage renewable energy funding in Australia. Mid-way through the fund’s life, portfolio company success is mixed so far, with it being too early to tell what the eventual impact will be for several companies. This picture of mixed success is consistent with venture capital (VC) patterns in renewable energy (RE) in other countries and in other sectors, where it is expected that some companies will fail, and others will succeed – a reflection of the higher risk associated with earlier stage investments. The REVC is now in its management phase. ARENA is acting on the two evaluation recommendations relating to this phase of the fund’s life.

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http://hdl.handle.net/10453/145954