Legislative Council - Fifty-Fourth Parliament, Second Session (54-2)
2020-04-07 Daily Xml

Contents

Venture Capital Fund

In reply to the Hon. E.S. BOURKE (4 March 2020).

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.