Australian Government Venture Capital Announcements

The Australian Government recently released its Industry and Innovation Statement. Part of the Statement contains the response to the 2012 Review of Venture Capital and Entrepreneurial Skills in Australia, a process that KCA participated in. One of the major initiatives of the Statement is Venture Australia, a new initiative to help grow new innovative Australian businesses with high growth potential and to promote Australia as a location for investment in innovation. Venture Australia has been heavily influenced by the 2012 Review of Venture Capital and Entrepreneur Skills and by the Board of Taxation’s Review of Taxation Arrangements under the Venture Capital Limited Partnership Regime, which was undertaken in 2011.

A copy of the final report for the Review can be found here.  A link to the Board of Taxation’s review is here.

You may also be interested in further details of Venture Australia, and these can be found here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s