Australian start-up businesses received a boost this week with the launch of the Dragon Egg Fund, a new 15 million US dollar scheme that will target companies wanting to expand into China. Created by Mai Capital, it will focus on investment in five sectors including health, education and agriculture. Michael Mai, founder of Mai Capital, said that he wanted Australian start-ups to “think about the Asian market” as well as the global one. In an attempt to bridge the gap between the “too narrow” Chinese startups and the more “globally focused” Australian startups, Mai told the Australian Financial Review that he was looking to “invest in emerging companies that are positioned to tap into the enormous Chinese market.”Â
