The fifth annual StartupAus Crossroads report paints a relatively positive view of the state of Aussie startups over the past five years, noting a strong – and continually stronger – fundamental base for growth, along with increased capital in the market, and unicorns such as Atlassian and Canva to inspire the next generation of entrepreneurs.
Although October’s Startup Muster report showed a decline in the number of active and new startups in Australia, StartupAus chief Alex McCauley says the startup sector has still seen rapid growth over the past half a decade.
“It should strike everyone as, at least, being quick,” he says, however, it’s “not a coincidence”.
The Crossroads report notes startups have grown to be part of the national political conversation, and Australia is now producing world-class companies. However, there’s more to be done if this momentum is to continue.
The report lays out 10 recommendations, including changes to the research and development tax incentive scheme, the employee share schemes legislation, and the controversial entrepreneur’s visa. Read more
Stephanie Palmer-Derrien – SmartCompany – 6 December 2018