This year, Australia continued its descent in the Global Innovation Index, dropping four places*. Now ranked 23rd, the nation’s innovation performance lags behind that of neighbour (and Rugby rival) New Zealand. This is concerning given the Federal Government’s $1.1 billion National Innovation and Science Agenda, launched nearly two years ago, was intended to transform Australia […]
“What is the biggest growth barrier Australian startups are facing?” That’s the question Dynamic Business put to more than 20 entrepreneurs and industry experts, this week, for our exclusive “Let’s Talk…”, exploring success (and barriers to achieving it). Some commentators pointed to environmental factors such as a scarcity of local capital, customers and talent as well as a […]
The NSW Government has pumped $35 million into the creation of a startup and innovation hub, which will occupy 17,000 square metres, across 11 floors, on York Street in Sydney’s CBD. In a joint statement, Premier Gladys Berejiklian and Small Business Minister John Barilaro said the Sydney Startup Hub will be the largest startup hub […]
Venture capital investment in Australia has reached $1 billion this financial year, according to a new report launched by Minister for Innovation, Senator Arthur Sinodinos. The Australian Private Equity and Venture Capital Association Limited (AVCAL) report, titled The Venture Capital Effect, reveals Australian VC funds a) raised a record $568 million in 2015-16 and […]
This year’s Federal Budget is notable for its lack of focus on start-ups, innovation and entrepreneurship, according to Alex McCauley, CEO of Australia’s peak advocacy group, StartupAus. “That will certainly cause some frustration, because the Government has done a lot to build expectations that it is committed to making Australia one of the best countries […]
Copyright reforms tabled in Parliament, this week, exclude a ‘best practice’ mechanism that would have protected young companies against online infringement, according to Australia’s peak advocacy group for start-ups. The Copyright Amendment (Disability Access and Other Measures) Bill 2017 was introduced into the House of Representatives on Wednesday by Minister for Urban Infrastructure, Paul Fletcher, who described it as […]
Businesses, both small and large, should know by now that innovation is the key to competing in the digital age, and that longevity isn’t possible without a culture that is inherently innovative A report by IBM provides evidence that creativity is at the heart of innovation, revealing that executive leaders consider creativity the most crucial […]
We hear over and over again that businesses need to innovate otherwise they risk being chewed up and spat out by disruptive forces. But creating a company culture where people can be innovative is easier said than done. I recently sat down to talk about innovation with Xero’s former Managing Director, Chris Ridd. Ridd made an […]
The NSW Government is establishing a ‘supersized’ start-up hub in Sydney to generate new high-growth businesses and jobs, Deputy Premier John Barilaro has announced. Barilaro, who is also the Minister for Regional NSW, Skills and Small Business also said the Sydney Startup Hub, which will be located near Sydney CBD, would have significant benefits for […]
Innovation was the key word in 2016, supported by a bipartisan government agenda and highlighted through much success in the space, such as RedBubble’s $288 million IPO. In 2017, we should expect to see a new maturity coming to the market, with start-ups moving into scale-up territory, and – due to the government’s late-2016 commitment to […]
