Venture Capital
According to a survey done by Australian
Bureau of Statistics (ABS)
there are about 97
active venture capital managers who managed 123 investment
vehicles. The 123
investment vehicles had 569 investee companies. Total
investment by the
venture capitalist was $974 million in
2000 .Investment
activity can occur
at various stages of the establishment and operations of a
business and
include: seed (in business less than 18 months); early (in business
less than 30
months); expansion; late (new product or product improvement);
turnaround
(financing during times of operational or financial difficulty); and buyout.
During 1999-2000, investment activity
occurred predominantly in the expansion
stage with a total
value of $406 million (42%) followed by the early stage or
pilot stage with
$243 million (25%).
NEW INVESTMENT, BY STAGE-1999-2000
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Investee companies |
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Value |
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no. |
% share |
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$m |
% share |
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Value at 30 June |
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Seed |
30 |
10.1 |
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33 |
3.4 |
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Early |
109 |
36.6 |
|
243 |
24.9 |
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Expansion |
109 |
36.6 |
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406 |
41.6 |
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Late |
22 |
7.4 |
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63 |
6.5 |
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Turnaround |
7 |
2.3 |
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42 |
4.3 |
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Buyouts/buyins |
15 |
5.0 |
|
186 |
19.1 |
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Unknown |
6 |
2.0 |
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1 |
0.0 |
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Total |
298 |
100.0 |
|
974 |
100.0 |
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Source: Managed Funds, |
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NEW INVESTMENT, BY ACTIVITY-1999-2000
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Investee companies |
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Value |
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no. |
% share |
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$m |
% share |
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Value at 30 June |
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Manufacturing and transport |
53 |
17.8 |
|
135 |
13.9 |
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IT, media, electronic and communications |
145 |
48.7 |
|
542 |
55.6 |
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Retail, services and real estate |
61 |
20.5 |
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109 |
11.2 |
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Biotech, pharmaceuticals and health |
32 |
10.7 |
|
92 |
9.4 |
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Energy and utilities |
7 |
2.3 |
|
96 |
9.9 |
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Total |
298 |
100.0 |
|
974 |
100.0 |
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Source: Managed Funds, |
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LOCATION OF INVESTMENT,
LEVELS-1999-2000
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Investee companies |
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Value |
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no. |
% share |
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$m |
% share |
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As at 30 June |
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245 |
37.6 |
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1 164 |
46.9 |
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204 |
31.3 |
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598 |
24.1 |
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43 |
6.6 |
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210 |
8.5 |
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66 |
10.1 |
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137 |
5.5 |
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16 |
2.6 |
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46 |
1.9 |
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Overseas |
56 |
8.6 |
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284 |
11.4 |
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Other(a) |
21 |
3.2 |
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41 |
1.7 |
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Total |
651 |
100.0 |
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2 480 |
100.0 |
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(a) Includes |
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Major Venture
Capitalist for IT in
Allen & Buckeridge
Australian Capital Ventures
Australian Distributed Incubator
DB Capital Partners
ePark
ITem3
Nanyang Ventures (St
George Development Capital 2)
Pacific & Orient Investment Trust
Rothschild
Telco Internet Investments
Technology Venture Partners
UBS Capital
Source: Australian Venture Capital Journal
Other Sources of Fund 11
BITS Incubator
Building on
Information Technology Strength (BITS ) is a Program
propelled by
Federal government .There are totally 6 incubators in the
country. The size
of investment is
from $50,000 to $450,000.
AUSINDUSTRY
Innovation Products Grants
& Loans - R & D (Research &
Development) Start Program.
BUILDING
ADDITIONAL RURAL NETWORKS (BARN)
BARN is providing $70 million over five years
(1999-2004) to support
the development
of new networks and new network
services and
products, with an
emphasis on the adoption of innovative solutions
and leading edge
technologies, and strong participation of new
telecommunications
carriers and service providers in project
implementation
INTERNET ACCESS FOR REGIONAL AND RURAL
AUSTRALIA
The Internet Access Fund is intended to stimulate Internet service
delivery in regional
and rural
the commercial,
competitive roll-out of these services. The major priority
for projects
supported under this fund will be the provision of untimed
local call Internet
access, or at least the equivalent where traditional
dial-up access is not feasible, at reasonable price and bandwidth.
NETWORKING THE NATION
Networking the
Nation is a five year grant-based
program providing
funding for
regional, rural and remote communities to identify their
communications
needs, and develop and implement projects that
meet those needs.
NEW INDUSTRIES DEVELOPMENT PROGRAM
The main activity of the NIDP is to
provide funding assistance for
‘pilot commercialisation’ of new agribusiness products and services.
RURAL TRANSACTION CENTRES
The Government has committed up to $70
million over 5 years to
help rural
communities establish their own rural transaction centres
(RTCs).
Regional Solutions Programme
The Regional Solutions Programme is a Federal Government initiative,
from the Department
of Transport and Regional Services, that will
assist regional and
rural communities build their capacity to identify
and implement
development opportunities. Some $90 million will be
provided over four
years to allow communities to undertake projects
that will lead to
economic diversification and strengthen their social
structures by improving access to and filling gaps in services.
TELEVISION BLACK SPOTS PROGRAM
The Tasmanian Innovations Program aims to
assist communities
to fix between 200
and 250 analog television reception black spots.
The purpose of the program is to increase the
number of people
with access to the
Australian Broadcasting Corporation (ABC),
Special Broadcasting Service (SBS) and
commercial analog television
services at a minimum cost to communities.
Information Technology On Line
(ITOL)
The goal of the ITOL program is to accelerate
the national adoption
of business to
business electronic commerce solutions, especially
by communities of
small and medium enterprises. ITOL have
provided funding for
projects in the health and pharmaceutical,
building and construction, automotive industry and primary industries.