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The Canberra Times

Lucy Arundell

Defence company awarded first investment from ACT-backed venture capital fund

ACT Andrew Barr Canberra

An ACT government-backed venture capital fund has made its first investment, contributing more than one million dollars to a Canberra-based defence company.

Ten months after it was launched, ACTivate Capital has invested $1.5 million in Canberran defence technology company Seitec.

Founded by an Australian air force veteran, Seitec produces passive sensing technology for the defence, security and critical infrastructure sectors.

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