Policy issues for government in developing an Australian venture capital market
In the early 1980s several government reports proposed that the immaturity of Australia's capital markets was a constraint on the development of emerging high technology enterprises. Two models of government support for these enterprises emerged during this decade. The first of these models was the management and investment companies (MIC) program which was a form of indirect commonwealth intervention through the use of tax incentives. Despite the incentives provided by this scheme and the deregulation of capital markets, evidence is provided to suggest that investors have remained conservative and Australia's venture capital market has stagnated after attracting some initial interest from suppliers of cap
Australia Public Policy Business Corporations government and Business