Legislative Council Fifty-Fourth Parliament, Second Session (54-2) 54 2 Parliament of South Australia Legislative Council published Answers to Questions Venture Capital Fund Venture Capital Fund The Hon. E.S. BOURKE Legislative Council Venture Capital Fund In reply to the Hon. E.S. BOURKE (4 March 2020). The Hon. D.W. RIDGWAY Legislative Council Minister for Trade and Investment Venture Capital Fund The Hon. D.W. RIDGWAY (Minister for Trade and Investment): I have been advised: According to data from the Australian Bureau of Statistics: The value of new and follow-on venture capital and later stage private equity investments for South Australian headquartered companies declined 43 per cent from $28 million in 2017-18 to $16 million in 2018-19. Nationally, the value of deals decreased 56 per cent from $2.6 billion in 2017-18 to $1.45 billion in 2018-19. The number of new and follow-on venture capital and later stage private equity investments for South Australian headquartered companies increased 20 per cent to 12 deals in 2018-19, compared to 10 deals in 2017-18. Nationally, the number of investment deals increased 8 per cent to 517 deals in 2018-19, compared to 479 deals in 2017-18.