The Australian Science and Innovation Forum, with the support of the Australian Academy of Technological Sciences and Engineering, has recently completed an on-line survey to help to build a clearer picture of Australia’s innovation sector.
It's a fascinating read with a smorgasboard of recommendations, with lots aimed specifically at startups!
Responses were received from a wide range of science and technology professionals, including:
- Researchers in academia, Government agencies, and institutes;
- Scientists and engineers working in private industry;
- Science and technology entrepreneurs;
- Legal, financial and other professionals in the scientific and high-tech industry sectors;
- Those aspiring to create a start-up company, or those who have already done so.
Here are some of the recommendations for the startup sector:
Starting up a Science and Technology Business in Australia
- Recommendation A1: Establish a national incubator system to foster science and technology entrepreneurship
- Recommendation A2: Support the growth of science and technology businesses through Government procurement
- Recommendation A3: Accelerate and expedite the start-up funding process
- Recommendation A4: Support grant co-funding of new start-ups
- Recommendation A5: Prioritise seed funding applications that demonstrate new intellectual property, scalability and commercial potential
- Recommendation A6: Assist Australian entrepreneurs find global markets
- Recommendation A7: Define an allocation from the newly-announced Medical Research Futures Fund (MRFF) to support biotechnology and health technology opportunities
- Recommendation A8: Allocate funding from the Entrepreneur’s Infrastructure Program (EIP) to support early-stage investment
The survey results were used to inform ASIF’s submission to the Senate Inquiry into Australia’s Innovation System. Click on the link below to access a copy of our report.
The survey remains open, so why not get on board and have your voice heard. Complete the survey at www.asiforum.net