Tax breaks

Domenic Carosa of Future Capital advocates capital gains tax concessions for investors in early-stage ventures. “Giving investors tax breaks when they invest in start-up ventures would encourage more investment and help entrepreneurs grow their businesses faster,” he says. “Similar tax concessions work well in Israel, the US and UK. Providing a capital gains tax break or allowing investors to write off their investment much earlier would very quickly lead to a significant increase in funding for early-stage ventures.” Carosa also believes entrepreneurs need more incentives to re-invest capital from sales of their ventures back into the entrepreneurship ecosystem, rather than into property. Business futurist Colin Benjamin believes superannuation funds need incentives to invest in early-stage private companies.

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