NOTES
INTRODUCTION
Venture capital and later stage private equity is high risk capital directed towards businesses with prospects of rapid growth and/or high rates of returns. It is an investment not only of money, but also of skills and time. This publication presents information on both financial and non-financial contributions to venture capital and later stage private equity investments.
The Australian Bureau of Statistics (ABS) undertook the first survey of venture capital for the period 1999-2000 and has since undertaken this survey annually with the financial support of the Department of Industry, Innovation, Science, Research and Tertiary Education.
The ABS has conducted all surveys with the advice and assistance of users of these statistics, industry bodies and data providers.
REVISIONS
There have been revisions to the 2010-11 series to include the latest available survey data.
CHANGES IN THIS ISSUE
A review of the publication has resulted in four additional tables (tables 5 to 9) appearing within the 2011-12 release, while tables for Venture Capital and Later Stage Private Equity investments by GDP and Fund Manager Assets, by preferred stage of investment can now be found in the Summary of Findings and Analysis of Results sections of the publication. The order in which tables 1 to 3 appear in the publication has also changed and care should be taken when comparing against previous issues. Tables 5 and 6 from previous publications have been removed from the 2011-12 release and are now only available on request.
Reporting of the preferred entry stage of investment for Venture Capital & Later Stage Private Equity vehicles has changed in the 2011-12 cycle, affecting the data reported in table 4. For the first time, data providers reported a proportional split against the appropriate preferred stage of investment, allowing for more accurate data. Please take this change into account when comparing movements over time.
DATACUBES
Additional data are available on the ABS website including longer time series for all publication tables (except table 4). For details of the additional data please refer to paragraph 24 of the Explanatory Notes.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Robert Nocciolino on Perth (08) 9360 5129.