The Migrant Innovation Northern Territory (MINT) program is an initiative owned and managed by the Paspalis Group.
The MINT program assists overseas nationals who have demonstrated their commitment to supporting the NT’s innovation ecosystem by investing in the Paspalis Innovation Investment Fund No 2 (“PIIF 2”) that invests in to venture capital projects which provide an economic benefit to the Northern Territory innovation ecosystem.
The first MINT program was successfully completed in 2019, resulting in the Paspalis Innovation Investment Fund No 1 (“PIIF 1”) being opened and raising $26m establishing the first venture capital fund in the Northern Territory.
PIIF 1 is a member fund of the Australian Investment Council.
To learn more about the types of venture capital investments made by PIIF 1 in 2019 click here.