An econometric analysis of the Innovation Investment Fund (IIF) program has been undertaken using data from all three rounds of the IIF program and comparative data provided by the Australian Private and Venture Capital Association Limited (AVCAL). The report identifies:
- Strengths of the program
- Achievements of the program
- Comparison with international programs
- Progress towards achieving the stated program objectives and
- Issues which should be considered in any future iterations of the program.
The econometric analysis was conducted by Professor Gordon Murray and his colleagues Professor Marc Cowling and Dr Weixi Liu who were contracted by the department in 2010. Professor Murray is an international expert in Entrepreneurship and Venture Capital and along with Professor Cowling (an experienced econometrician) has undertaken reviews into entrepreneurship, innovation systems and financing for early stage firms for the UK government and European governments.
The IIF Progress Report also reports on the achievements of the IIF Program.
Innovation Policy Branch
Phone: +61 2 6213 7444