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The innovation statement didn’t do enough to address the later-stage funding gap in Australia or stem the ‘brain drain’ overseas, Starfish Ventures co-founder Michael Panaccio says.
 
The innovation statement (growth/innovation/malcolm-turnbull-unveils-1-billion-innovation-statement/2015120716085.html), which focused on unlocking capital for early-stage companies, encouraging international talent to come to Australia and two large co-investment funds, was
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