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Latest update for the Sydney Angels Sidecar Fund 

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Sydney Angels Sidecar Fund 

Unconditional ESVCLP Status

Innovation Australia awarded the Sydney Angels Sidecar Fund unconditional ESVCLP status on 5 August 2011. This approval was the final step prior to the fund making its initial early stage venture investment. You can see the list of approved ESVCLP funds on the AusIndustry website http://bit.ly/rme1kd 

First Investment

The Sydney Angels Sidecar Fund made its first investment in an early stage venture on 30 August 2011. The Fund invested $200K in Bubble Gum Interactive, a Sydney-based independent developer of children's online games.

Bubble Gum Interactive

Bubble Gum Interactive will use the investment to finalise development of “Little Space Heroes”, an original virtual universe for kids and families.

In this story-driven online game players create their own Space Hero and embark on an intergalactic adventure. Featuring character personalisation, solo and team gameplay, quests and community activities, Little Space Heroes offers kids a safe environment to explore, make new friends and have fun online. Right now, kids may create their own hero at and undertake Hero Training. Through playing fun mini-games, kids will learn to master their Jetpacks, Bubble Blasters and Starjets and be ready to blast off for adventure in the upcoming beta.

Bubble Gum Interactive was founded by children’s entertainment and gaming industry veterans. This team has extensive experience in game development, children’s entertainment, business planning, production and project management, research and design, licensing, marketing, sales and community management.

Bubble Gum Interactive Executive Producer and Technology Director Phil Mason said “We thank Sydney Angels and the Sydney Angels Sidecar Fund for their support of Bubble Gum Interactive. Their investment demonstrates the strong business potential of Little Space Heroes, our new virtual world for kids under 12.”

Little Space Heroes beta version will be ready to play in the next month or so - the yound and heart and/or the young at heart's kids can sign up to play at 
http://www.littlespaceheroes.com

Recent Events

Tuesday 30 August, 5.30pm
Sydney Angels Members Meeting
3 new companies pitched:
1. StageBitz  http://stagebitz.com web services
2. Atomo Diagnostics  http://atomodiagnostics.com   medical devices
3. Zookal http://zookal.com education

Future Events

Members Meetings - 18 October & 13 December

If you are interested in attending a meeting please let us know and we can provide you with further information

Logon Details for Proto Investment Partners Website

All investors will soon receive login details for the Proto Investment Partners website http://protoinvest.com investors section. This will allow investors to access further details about the companies in which the Sidecar Fund invests.

Please let us know if you do not receive the details.





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