New benefits for early-stage investors
High net worth investors and early-stage companies in Australia are eligible for funding and new tax incentives of up to $200,000 a year through the Early Stage Innovation Companies (ESIC) Hub — a new online platform aimed at boosting early-stage investment.
ESIC Hub is the first platform of this type in Australia aimed specifically at HNW investors, according to founder, Stephen Crowe, who said capital had recently begun to shift towards ESIC, such as those eligible to use the platform.
"These new incentives mean early-stage companies wanting capital must tick the right boxes in terms of their structure and investors must fund early-stage companies with their eyes wide open," he said.
Self-managed super funds (SMSFs) are also eligible, with the platform also open to non-Australian residents. Investors who do not fall into the HNW category cannot invest more than $50,000 in a qualifying ESIC within one income year to be eligible for the tax benefits.
Crowe said that in order to qualify for tax savings, investors need to have obtained a qualifying ESIC certificate issued by a qualified, independent tax expert at the initial time of their investment.
AUTHOR
Hope William-Smith
Recommended for you
Two active fund managers have outshone rivals to report double-digit share price growth of more than 40 per cent for FY25, but another has lost more than 50 per cent.
From multiple fund launches and personnel changes to major outflows and a scrapped deal, Money Management has collated the most significant news in the funds management industry over the past 12 months.
Magellan has closed out the financial year with funds under management approaching $40 billion and outlined its estimated performance fees.
BlackRock has successfully completed its acquisition of global credit investment manager HPS Investment Partners, with the intention now to create a US$190 billion private financing solutions platform.
