2002 Experience
Venture Capital Investing and Management
Momentum Funds Management
Melbourne - $30 million early stage Australian technology venture capital fund
Between 1997 and 2004 Jason Bresnehan provided venture capital management services Melbourne based venture capital firm Momentum Investment Group a technology venture capital firm that invests in high-risk early stage companies commercialising technologies internationally.
As part of a four person venture capital team Jason was involved in all aspects of the international venture capital process including; initial company assessment, detailed due diligence, negotiation of investment terms, deal structuring, project managing the deal closing process, legals, subsequent investee management, investee directorships, the development of investee commercialisation strategy and action plans, exit strategy and execution.
Jason travelled throughout the world on behalf of Momentum’s investees and has undertaken mandates in Singapore, Hong Kong, London, San Diego, Los Angeles, San Francisco, New York and Atlanta.
During this Jason has performed over 40 detailed assessments of Australian technology companies and led three multi-million dollar investments.
Award Application
Biovend Ltd
Caulfield and Melbourne - E-Commerce enabled vending systems for biological chemicals
Jason Bresnehan prepared Biovend’s application to Austrade’s Euro High Tech Tour program. Based on the application Jason Bresnehan travelled with a delegation of nine technology company CEOs and Austrade officials to Paris and Milan.
The application included detailed descriptions of the company’s product, marketing and commercialisation strategies as well as addressing specific award assessment criteria.
Business Plan
Wasabi Growers of Tasmania
Launceston - Tasmanian Production of Wasabi for Australian distribution
Bresnehan Ventures completed a detailed business plan for the innovative agribusiness venture, which involved the establishment of a wasabi grow out system which was sold as an installed system to third party farmers interested in growing fresh wasabi.
The business plan included research into the Australian wasabi market as well as the development of financial models for would be purchasers of the wasabi grow out system as well as detailed financial projections underpinning the business plan for the intellectual property owner, Wasabi Growers of Tasmania.
The production aspects of the business plan were prepared by consulting with cropping experts from the Department of Primary Industries, Water and Environment.
Information Memorandum and Business Plan
Kinacia Pty Ltd
Melbourne - Drug development company developing drugs focused on protein kinases and blood clotting diseases
In 2002 Jason Bresnehan prepared a business plan and Information Memorandum for the international commercialisation of a proprietary diagnostic device for measuring blood platelet aggregation (clotting) under shear (pressure) conditions. The commercialisation plan included the development of target market, human resources and financial strategies, underpinned by detailed financial modelling.
The technology was initially developed by Kinacia and divested into a start-up called TGX Diagnostics. Accordingly, the mandate included advise with regard to the spin-out, including the project management of issues associated with capital gains tax within the Australian jurisdiction.
Jason also project managed the tender process for the appointment of an instrument research and development house and the requests for information arising out of due diligence programmes undertaken by series A investors.
Grant Assessment Committee
Business Development Fund
Launceston - $5m non-recourse grant fund for new broad-band related ventures
Between 2001 and 2002 Jason Bresnehan sat on the assessment/advisory committee of the Tasmanian Electronic Commerce Centre’s $5m grant fund, the Business Development Fund Recently the fund assessed the business models of 24 applicants and provided grant funds totalling circa $800,000 to four Tasmanian businesses to seed fund their broadband related business ventures.
Seed Capital Raising and Non Executive Director
Briter Electronics
Sydney and London - Developer and distributor of an innovative electronic fluorescent lamp ballast
Jason Bresnehan arranged $250,000 in seed round finance for the start-up electronics company and sat on the board of Briter Electronics between 2001 and 2002. Jason was involved in all aspects of the company’s start up operations, but ultimately a manufacturing cost development hurdle prevented the company from entering the commercialisation.
Financial Feasibility Study
Waterhouse Community Irrigation Association Incorporated
Scottsdale - Promoters of a 4 dam off-farm community based water storage and irrigation scheme
Jason Bresnehan was the lead financial advisor to the promoters of the proposed irrigation venture. The mandate included advice on on-farm and water scheme feasibility as well as provides structuring and capital raising options.
Business Development
CRX Pty Ltd
Melbourne - Multi-format data translation engine for multi-operating system network environments
Jason Bresnehan assisted CRX with its business development strategies and lead identification within the applications of call record translation for the telecommunications sector, fraud and anti-money laundering for the banking sector and incompatible bioinformatic (eg gene sequence) data for the biotechnology sector.
Feasibility Study and Political Lobbying
Bosch Engineering Pty Ltd
Launceston - Proposed $40 million 9 dam irrigation scheme in Tasmania
Between 1999 and 2002, Bresnehan Ventures was the key adviser to Bosch Engineering in its bid to secure $500,000 in feasibility funding from the Tasmanian Government to prepare detailed engineering, financial, environmental and social studies into the development of since irrigation schemes northern Tasmania.