Question - Investment

Question

Number
1035
Subject
Investment
(GRIFFIN Accelerator - ACTivate Capital)
Asked by
Cain, Peter
Directed to
Chief Minister
Question asked on
19 March 2026
Answer due on
26 April 2026
Question asked
  1. Does ACTivate Capital invest in, or consider investing in, companies that have previously received investment through the GRIFFIN Accelerator or any associated trust or vehicle.
  2. Where such overlap as referred to in part (1) occurs, are (a) Activate Capital board members, (b) investment committee members, (c) staff or (d) advisers investors, directly or indirectly, in both GRIFFIN Accelerator-related vehicles and ACTivate Capital portfolio companies.
  3. What mandatory conflict-of-interest declarations are required where an ACTivate Capital decision-maker has a financial interest, including via a trust or syndicate, in a company being considered for investment.
  4. Are such conflicts as referred to in part (1) (a) disclosed to the full board or investment committee, (b) recorded in a register, (c) managed by recusal and (d) independently reviewed.
  5. Are investors in GRIFFIN Accelerator-related trusts or vehicles provided with preferential access, information or co-investment opportunities in relation to ACTivate Capital investments.
  6. Has the Government assessed whether any overlap between GRIFFIN Accelerator investment participants and ACTivate Capital decision-makers creates a risk of (a) preferential deal flow, (b) insider access and (c) conflicted investment decisions.
  7. Can the Minister provide any policies, guidelines or governance frameworks that address cross-investment conflicts between publicly backed investment vehicles, including ACTivate Capital, and privately structured accelerator investment vehicles, including those associated with the GRIFFIN Accelerator.