‘The Venture Capital Effect’ – A Report of the Industry’s impact on the Australian economy

Australian Venture Capital and Private Equity Association (AVCAL) | June 2017

This week AVCAL launched its report on the VC industry’s impact on the Australian economy and how vital it is in fuelling innovation, creating the next wave of startups and boosting employment. In saying that, we are still behind as a nation.

Some very interesting findings:

  • VC investment as a proportion of GDP is just 0.023 per cent in Australia, less than half the average for the world’s leading nations (of 0.049%) as measured by the OECD.
  • While 2016 saw the highest volume of Australian VC fundraising ever at $568m, the US raised an incredible 97 times as much capital in the same year.
  • The number of startups and scale-ups receiving funding has increased nearly 50% in the last three years.
  • Start-ups are the largest contributor to new job creation in Australia, with VC a key source of capital and expertise.

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