first of many events and initiatives<\/a> designed to bring together public servants and the startup sector, Roy says.<\/p>\n <\/p>\n
\u201cIt\u2019s exciting to see disruption to the traditional policy-making process, with some of those ideas now finding their way to the next level of government,\u201d Roy says.<\/p>\n
<\/p>\n<\/p>\n
<\/p>\n
StartupAUS head of strategy and advocacy and author of the report Alex McCauley says it includes many means to implement practical strategies to help a sector that is now on the forefront of politics.<\/p>\n
<\/p>\n
\u201cThis report provides a window into an area of economic policy which is of vital importance to Australia, but which is a bit opaque for a lot of people,\u201d McCauley says.<\/p>\n
<\/p>\n
\u201cThat\u2019s what this hackathon was about \u2013 the best minds in the business helping to develop policies to modernise Australia\u2019s economy.<\/p>\n
<\/p>\n
\u201cRecently we have really been able to feel a change in the national conversation about our economic future. Innovation policy is now front and centre. There are no silver bullets, and Australia is playing catch-up in this area.<\/p>\n
<\/p>\n
\u201cBut we\u2019re starting to really build up some momentum and we\u2019re confident we\u2019ll see some very positive initiatives like these in the near future.\u201d<\/p>\n
<\/p>\n
Eckersley-Maslin agrees, saying it\u2019s now about making sure some of these recommendations are included in the government\u2019s upcoming innovation statement, which will be released next month.<\/p>\n
<\/p>\n
\u201cThe challenge now is to keep our parliamentary friends accountable to these ideas and keep pushing them on it,\u201d he says.<\/p>\n
<\/p>\n
\u201cI honestly think some of the initiatives in it will make it into the innovation statement.\u201d<\/p>\n
<\/p>\n
The 10 recommendations included in the StartupAUS document:<\/b><\/p>\n
<\/b><\/p>\n\n- Connecting Australia\u2019s established enterprises to startups<\/b> through an innovation accord, an innovation precinct, and through the extension of the R&D tax incentive.<\/span><\/li>\n<\/ul>\n
\n- Improving social enterprises<\/b> by creating the Academy for Sustainable Community – a nationally co-ordinated strategy that is delivered locally around the country to provide communities with the skills to leverage digital inclusion and build social enterprises through the NBN.<\/span><\/li>\n<\/ul>\n
\n- Achieving gender equality<\/b> by providing a $100m Federal Government co-contribution fund for female-led ventures, and a detailed program for male \u2018champions for change,\u2019 where men support women in the ecosystem by putting their money and brand on the line.<\/span><\/li>\n<\/ul>\n
\n- Intellectual property \u2013 keeping innovation in Australia<\/b> by following international best-practice and introducing a tailored tax regime for intellectual property revenues, allowing Australia to retain innovative businesses, while attracting more innovative businesses from overseas.<\/span><\/li>\n<\/ul>\n
\n- Incentives to attract capital and improve startup quality<\/b> including matched funding for accelerators and incubators, and income and capital gains tax incentives for early stage investment.<\/span><\/li>\n<\/ul>\n
\n- Encouraging universities to engage with industry<\/b> by<\/span> <\/b>boosting research and development funding to universities and tying it directly to engagement with industry, as well as a funding increase of $300m to encourage strategic staff and student secondments in tech-based companies.<\/span><\/li>\n<\/ul>\n
\n- Fixing Government procurement<\/b> by redesigning the current practices, which are inherently biased towards larger enterprises, to truly open up government contracts to startups. Open government data to new innovative measures.<\/span><\/li>\n<\/ul>\n
\n- Enhance global awareness<\/b> by creating startup \u2018landing pads\u2019 in key markets where Australian startups can access local knowledge, a place to work, and community support. Start in San Francisco.<\/span><\/li>\n<\/ul>\n
\n- I<\/strong>mproving education<\/b> through planting the seed of innovation inspiration at the earliest stage of educational development, primary school. \u2018Lemonade Day\u2019 is an opportunity for children to own and operate their own venture – a lemonade stand.<\/span><\/li>\n<\/ul>\n
\n- New Enterprise Incentive Scheme (NEIS)<\/b> – Introduce a new stream into the NEIS – a Startup Incentive Scheme (SIS) – to support founders entering accredited accelerator programs.<\/span><\/li>\n<\/ul>\n
Do you know more on this story or have a tip of your own? Raising capital or launching a startup? Let us know. Follow StartupSmart on<\/i> Facebook<\/i>,<\/i> Twitter<\/i>, and<\/i> LinkedIn<\/i>.<\/i><\/p>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"
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