Target Companies

St Baker Energy Innovation Fund targets companies with the following characteristics: Early stage companies that have a clear plan to become profitable within two to three years; Control or significant influence can be obtained through equity investment; Prospects of an exit opportunity within five years; Companies that require capital to grow sales of market proven technology/services; and Competent management with a successful track record within the industry.

Target Outcomes

The aim for the Fund’s investments is to achieve clean energy or energy efficiency delivered in the most commercially cost effective way. Through our investments, the Fund will encourage Australian job creation utilising highly skilled specialists and will support portfolio companies to reach a sustainable export market for their products and services.

Target Sector

The St Baker Energy Innovation Fund is focused on opportunities in the clean energy market. Along with traditional energy business models, the Fund has clear objectives to focus on radical innovation and disruptive technology in the following target sectors: Retail energy applications; Energy generation, storage and related systems for the home and for businesses; Electrical devices for monitoring, measurement, control, management and related efficiency drivers; Electric vehicle technology and related infrastructure; Printed energy, storage and solar photovoltaics (PV); and Sustainable, intelligent renewable energy solutions.

Target Region

The Fund has a strong focus on investing in Australian based companies in order to take their innovative technologies to the world. This strategy is resulting in many export success stories coming out of the portfolio. Given the global need for innovation in the energy industry and the scalability of these businesses and technologies, many of the investee companies have globally focused sales strategies. It is for these reasons that the Fund will also consider overseas investments in compelling circumstances.

Target Investment Style

Investment style refers to the type of skills, experience and management style that the Fund uses to create value in the portfolio companies. The Fund’s style is based on hands on board support and active management if required: The Fund will provide Board representation to facilitate effective financial controls and bring disciplined reporting, risk management and governance to the business; and The Fund has the capability to steer companies through any challenges to progress from pre-commercialisation through the research and product development, marketing and initial manufacturing stages in order to accelerate commercialisation to reach break-even point and bolster future growth; and using its executive management experience, the Fund provides strategic management advice to ensure business models are in place, goals are met and outcomes delivered; and The Fund encourages and facilitates collaboration between the portfolio companies and other companies within its network.

Target Security Type

The Fund invests across all levels of a company’s capital structure, although ordinary equity, preference equity and convertible notes are most common.