Venture capital (VC) is critical to the success of Australia’s tech sector because the finance it provides allows new and scaling firms to grow. Access to this finance is particularly critical for early stage firms.
Office of Industry Innovation and Science Australia
In response to:
The Venture Capital Tax Concessions review
About the submission:
The experience of our members is that the programs covered by the terms of reference are key drivers of growth for the tech sector of Australia. Our submission summarises the positive impact the programs have had in helping to support and scale Australian tech sector investment and firms, and suggests opportunities for minor changes to the schemes to improve their effectiveness.