![Elaine Stead, who runs Blue Sky's existing venture capital exposure, will manage the fund.](http://web.archive.org./web/20170707145600/http://www.afr.com/content/dam/images/g/j/6/7/c/f/image.related.afrIndexLead.160x106.gx52a5.png/1499288538807.jpg)
Blue Sky to run $50m VC fund for SA
Blue Sky Venture Capital has won a $50 million mandate to manage a VC fund for the South Australian government, as the battle between states to attract start-ups intensifies.
John McDuling writes about business, technology and the economy. Previously he was a reporter for Quartz in New York, covered telecommunications and markets for the Financial Review, and worked in the finance industry.
Blue Sky Venture Capital has won a $50 million mandate to manage a VC fund for the South Australian government, as the battle between states to attract start-ups intensifies.
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