The site, called Investment Search Australia (ISA) (www.InvestmentSearchAustralia.com), will allow SMEs to lodge capital-raising proposals on the site for a fee of $2500 for six months. The minimum amount that can be raised is $5 million and there is no maximum. 

This initiative comes in the wake of the recent Federal Government initiative to encourage commercially minded investors to migrate to Australia. This initiative, which starts on 24 November, involves the creation of the special visas 188 and 888 to fast track permanent residency in Australia by having potential migrants invest $5 million in an Australian business. 

Under the new arrangements, a 1000 of these 188 visas can be issued a year, so the potential demand for capital will be $5 billion a year. 

Advisor to the Investment Search Australia board, Bill Ireland, says: “Capital raising in the best of times is a difficult task; in the current economic environment it’s far more onerous. 

“But Australia’s relative economic strength, despite the uncertainty created by the 2008 global financial crisis, means we are attracting growing interest from investors, local and overseas.

“These investors are seeking profitable investment opportunities in a stable economy; however, in the most part these investment opportunities are difficult to find.  Investment Search Australia has been created to fill this gap. It will give SMEs the opportunity to profile their projects to a worldwide audience of entrepreneurial investors and investment corporations.”

ISA launches on 24 September and is currently sourcing business proposals from a range of industries.

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