The $540 million Australian Business Growth Fund is about to turn on the taps, with its first investment of “patient capital” expected to be made by the end of the financial year. The government has stumped up $100 million of Commonwealth money to the fund, along with the big four banks, HSBC and Macquarie have also contributed $20 million each, bringing the fund’s initial size to $540 million. The government has a longer-term goal to grow the fund to $1 billion. The ABGF has the objectives to increase the availability of patient equity capital for local SMEs, to increase the level of investment in these companies, facilitate interstate and overseas trade and commerce, and support job creation and economic growth as part of the COVID-19 recovery.

In February 2021, the China’s Ministry of Finance and the Ministry of Industry and Information Technology of China jointly issued the "Notice on Supporting the High-Quality Development of "Specialized and Innovative" SMEs". From 2021 to 2025, the central government has allocated a total of more than 10 billion yuan in rewards and subsidies supporting more than 1,000 national-level specialized and innovative "little giant" enterprises to increase their investment in innovation, and supporting the national (or provincial) public service demonstration platform for small and medium-sized enterprises to provide "little giant" enterprises with  "point-to-point" services on technological innovation, listing guidance, commercialization of innovation achievements, digital transformation, intellectual property application, cloud use and industrial design.

The “National Innovation Fund” (NIF) is the € 1 billion Italian government-sponsored program to boost the Italian start-up ecosystem. A € 100 million Late-Stage Fund will be launched in Q1 2021, in order to support technologies emerging from research institutions and “growth stage” start-ups.

The Development Bank of Japan established a green investment promotion fund. Innovation is supported by investment and loans for various projects in areas such as the development and promotion of low-carbon technologies.

In order to alleviate the impact of COVID-19 on business operations, the French government has launched a 300 billion euros national guarantee program for financial institutions and crowd funding intermediaries to provide loans to the local companies.