In the March issue of Business Review Australia, the CEO of the Australian Private Equity & Venture Capital Association (AVCAL), Dr. Katherine Woodthorpe, reveals an overview of the venture capital industry.
Dr. Woodthorpe hits on a series of trends, challenges and success stories impacting Australia’s VC sector. “Successful Venture Capital investments have had immense follow-on effects over the long-term such as job creation, tax revenue, and the other broader economic effects. One of the greatest challenges facing the Australian Venture Capital sector is the shortage of capital. Over the past decade, VC funds have raised capital from superannuation funds, endowments, and the Government,” Dr. Woodthorpe says in the article.
She names Resmed, Cochlear, SEEK, Look Smart, Pharmaxis, Peplin, and Gekko Systems as some of the most high-profile success stories in the VC industry.
Read the full article here