Australia, 04 December 2015: StartupAUS, Australia’s peak advocacy group for startups, welcomed Labor’s Powering Innovation announcement, led by Labor leader, Bill Shorten, today, as a whole-of-government approach to creating an innovation nation.
Commenting on today’s announcement, CEO of StartupAUS, Peter Bradd said: “StartupAUS has been calling for increased availability of early stage capital to startups for some time. Labor’s support in this area through a new Australian Angel Investment Scheme and through changes to the existing Early Stage Venture Capital Limited Partnerships is a welcomed move.
“StartupAUS has been championing for the creation of an Australian innovation agency and today Labor has answered our calls. They have called for a new independent agency, Innovate Australia, charged with accelerating economic growth, delivering critical innovation programs and providing expert advice to governments.
“We also welcome the acknowledgement of Labor in establishing Innovate Australia via legislation that will minimise the risk of political interference and changes to government innovation policies with each election cycle.
“We are looking forward to seeing the Government’s innovation statement next week and will be pleased to see bipartisan support for many of the issues StartupAUS has advocated for,” said Mr Bradd.
About StartupAUS: StartupAUS is a not-for-profit entity with a mission to transform Australia through technology entrepreneurship. StartupAUS believes a strong home-grown tech sector is vital to future Australian jobs and wealth. But getting there will require a national imperative to create the right environment, with a supportive culture and more entrepreneurs with the right skills.