The postal service will coordinate with Melbourne University for the fund, which will seek to invest in e-commerce companies.
Postal firm Australia Post (AP) is launching an A$20m ($14m) investment vehicle targeting e-commerce startups, and will co-locate the fund at Melbourne University’s Melbourne Accelerator Programme (MAP).
While based at Melbourne University, the fund will searching for opportunities in e-commerce from across Australia. Australia Post also hopes to grow the fund to over $70m in the coming years.
Under the terms of the deal, AP will provide an A$20,000 annual scholarship to Melbourne’s Wade Institute for Entrepreneurship, partner on three…