Venture capital carries a huge amount of the R&D spending in Australia

28th May 13

Venture Capital-backed firms spend more on research and development than industry peers, and while they only make up 0.01% of GDP they are responsible for around 10% of business R&D spending in Australia.

That’s according to a new report released today by the Australian Private Equity & Venture Capital Association, which said the research proves the VC industry was vital for true innovation in Australia.

Read the full article here.

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