asked the Minister for Innovation, Industry, Science and Research, upon notice, on 22 June 2011:

In regard to venture capital funding and start-ups:

(1) How much public funding has been used to assist or subsidise the growth of early stage venture capital funds in Australia over the past five years.

(2) Of those start-up companies that venture capital funds were able to successfully grow and exit:

  (a) how many were there; and

  (b) how many are still headquartered in Australia.

(3) What was the proportion in which the exit was through sale to a foreign venture capitalist or private equity firm, or the start-up was required to relocate its headquarters offshore.

(4) What has been the immediate return on taxpayers' funds to Australia.