Support Startups and Innovation – a Vision for Australia
The Australian early-stage venture and investment scene can be characterised as something of a desert, he says … It’s a desert with the occasional well and quite a few mirages…all of which give the weary traveller (ie: the entrepreneur) the illusion of water (ie: cash) but are either a mirage or a very deep well that is difficult to access…
However, in the US there is “water a plenty”! The market is moving and there is a feeling of a “tech gold rush”.
There is capital aplenty – massive superannuation, and there is the MAD (motivation, authority and desire) to help support innovation and entrepreneurs.
I think we just need to find the key that will open the floodgates of investment in this space.
- We are rich in natural resources
- We are rich in innovators and entrepreneurs.
- We have excellent education facilities
- We have an amazing infrastructure
- We have a stable government
- We have low interest rates
The Government and Industry can play a key part in developing this.
An $8m investment by the Government generated in excess of $250m of co-investment – and contributed to 25 investments – 5 of which are valued at more than $100m and another 5 who have that potential.
We have some of the smartest people and some really exciting innovators; Lets back them . This will transform the Australian economic landscape and allow us to join the global “tech gold-rush” in a very real way.
Investing in innovation, entrepreneurs and technology is a great investment – both for government and investors.