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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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Five of Australia’s largest research organisations have pulled together $50 million in seed capital to help ideas born inside classrooms make it to market.
 
The CSIRO and Sydney University have joined Uniseed’s founding partners (http://ift.tt/1sJJx1k) the universities of Melbourne, Queensland and New South Wales, for the commercialisation fund’s third fundraising round.
 
CEO
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Dropbox chose Australia over Singapore to set up its regional headquarters 18 months ago and hasn’t looked back since, Asia Pacific operations manager Charlie Woods says.
 
The US-based tech company has been doing great business in Australia, proving this was the right decision, Woods says.
 

“Australia is actually a really good
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Canberra’s GRIFFIN Accelerator has announced a new launchpad program (http://ift.tt/1R65SDO) to equip budding entrepreneurs with the skills needed to win seed investment.
 
CEO Craig Davis says the launchpad will help early-stage startups get up to speed and ready to go through the program’s accelerator.
 
“We looked at people who were shortlisted and
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The word “innovation (http://ift.tt/1GeOp8K)” has taken on a new currency in the Australian research sector. Prime Minister Malcolm Turnbull has announced major plans to revitalise the research sector, deliver a STEM (science, technology, engineering and mathematics) focused economy and promote a highly skilled labour market.
 
New federal minister for industry, innovation
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Innovative activity is the most important element of long-term economic growth. Innovation and entrepreneurship are essential for Australia’s economic, social and community development, creating new enterprises and high value jobs for future generations.
 
The federal government’s innovation statement (http://ift.tt/1SvjF4r) presents an opportunity to position ourselves as future
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A further 700 jobs will be coming to Melbourne as part of another tech coup for the Victorian government.
 
Using money from the premier’s $508 million Job and Investment Fund, the government has enticed the National Broadband Network to establish its Cyber Security Operations Centre in the city.
 
As part of the
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A “new era” for Australian startups has been marked with the government’s $1 billion innovation statement, prominent entrepreneur and investor Steve Baxter says.
 
The Australian startup community has welcomed the set of more than 20 policies across numerous portfolios focusing on (growth/innovation/malcolm-turnbull-unveils-1-billion-innovation-statement/2015120716085.html) unlocking investment for early-stage companies, encouraging international talent to
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Since the appointment of Malcolm Turnbull as our new PM we knew there was a change in the air. In his first prime ministerial speech he positioned technology entrepreneurship and innovation in its rightful place as one of the most important agendas for this government.
 
Today, we’re again inspired by Prime
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The $1.1 billion innovation statement is the “first step” in transforming Australia’s culture and embracing innovation, assistant minister for innovation Wyatt Roy says.
 
Speaking to StartupSmart, Roy says the government will not be afraid to change the policies in the statement or scrap the ones that don’t work.
 
“I’d still call this
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