AVCAL has released its 2006 Australian private equity and venture capital survey.

The findings include this comment on innovation:

Innovation facilitator
Australian technological innovation and R&D commercialisation are some of the main benefits of PE investment: three-quarters of investee companies launched new products in the past year, while only 27% did so prior to the PE investment.

Furthermore, for the recipients of venture capital in particular, the investment is usually necessary for the first product launch to occur.

The case studies include a number of technology companies.