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Blueflite's patented, unique, and all-electrical drone design is being built to meet the rigorous demands of Northern Australia and the Asia Pacific.


Paspalis invests in both Australian and Offshore high growth companies looking to grow their businesses in the Northern Territory.

Paspalis is able to lead funding rounds. When we invest, we are able to leverage our reputation, knowledge, programs and network, providing meaningful positive value to our investees.

Australian Opportunities

Australian companies will be considered for investment where those companies are engaged in high growth ventures that create an economic advantage to the Northern Territory. Examples of economic advantage include companies selling a type of innovation that creates productivity gains in such sectors such as advanced manufacturing or mining and exploration technology, employment of Territorians, establishment of a demonstration project in the Northern Territory, establishment of an office in the Northern Territory or development of a company that enhances exports from the Northern Territory or attracts investment to the Northern Territory.

Australian companies will need to demonstrate strong leadership and have a product or service that has the potential for high growth. Preference will be given to companies seeking to gain access to priority international markets.

Offshore Opportunities

Offshore companies will be considered for investment where those companies are prepared to relocate to the Northern Territory and/or are involved in high growth ventures that provide an economic advantage to the Northern Territory.

In particular, we will look to invest in offshore companies involved in ventures that can be test bedded in a Northern Territory Priority Sector or provide increased flows of capital or intellectual property to the Northern Territory.

EMERGING Sectors and activities

Paspalis focuses on innovation in emerging sectors to drive sustainable economic growth and improve community well-being.

Investment Criteria and process


  • Maximum 5-year term of investment
  • Able to take majority or minority position
  • Able to invest Equity, Debt and SAFE Notes
  • $50,000 – $2,500,000 investment range
  • Realistic ability to exit investment
  • Strong management team
  • Demonstration of diligent legal and corporate governance
  • Strong potential for co-investment and non-dilutive matched grant funding

Get in touch

Please make contact with our office via and a member of our investment management team will get back to you.



After an initial meeting, our Investment Committee will Independently assess your proposal against our investment criteria.


Term Sheet

We work with our Investees to agree on the broad terms of an investment through a Term Sheet. All Term Sheets agreed are subject to Due Diligence and Final Agreement sign off.



Final sign-off, which usually requires the completion of any special conditions agreed, followed by Draw Down of Funds as detailed in our Agreement.

Looking for investment?

We're eager to hear about your innovative ideas. Get in touch now.