The Australian: Australia's technology sector is gaining momentum, with at least 20-internet based companies with real potential to grow their businesses...

The Australian: Australia's technology sector is gaining momentum, with at least 20-internet based companies with real potential to grow their businesses globally, says Mr Baker. Blackbird has made eight investments with its $25 million fund and sees the potential to make as many as 16 more by taking minority stakes in Australian companies focused on the global market place.Australian venture capital firms missed opportunities to invest in fast growing software, gaming and e-commerce businesses that have since attracted later-stage investment from US firms, says Sydney-based venture capitalist Rick Baker, a managing director at Blackbird Venture More here: (VIEW LINK)