1377.0 - Measures of a knowledge-based economy and society, Australia, 2003  
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Contents >> Innovation and Entrepreneurship Indicators >> Value of venture capital drawdowns

CHARACTERISTIC: SUPPORT FOR INNOVATION

INDICATOR: Value of venture capital drawdowns

The value of committed funds drawn down by investors at 30 June 2003 was $4.8b an increase of 10% on the year before ($4.4b at June 2002).



VENTURE CAPITAL DRAWDOWNS
June 2000
June 2001
June 2002r
June 2003
Source of funds
$m
$m
$m
$m
Non-residents
314
353
342
328
Residents
2,335
3,301
4,026
4,462
Total
2,649
3,654
4,368
4,792
r revised
Source: ABS Venture Capital, Australia (cat. no. 5678.0).


VENTURE CAPITAL DRAWDOWNS

Graph - Venture Capital Drawdowns

Source: ABS Venture Capital, Australia (cat. no. 5678.0).




STATISTICAL NOTES

Venture Capital Survey
See the Explanatory Notes from ABS cat. no. 5678.0 for information about the Venture Capital Survey including scope and coverage.

Definition
Venture capital is defined as high risk private equity capital for typically new, innovative or fast growing unlisted companies. A venture capital investment is usually of a short to medium-term investment with the potential of high capital gains on divestment (rather than long-term investment involving regular income streams). The venture capital sector is part of the infrastructure of a well developed private equity capital market.

Characteristics
Venture capital is an investment not only of money but of skills and time. As venture capitalists invest in a business they become part owners and may acquire a seat on the company's board of directors. They can provide support and advice on a range of management and technical issues to assist the company to develop to its full potential.



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