Report: Boosting high-impact entrepreneurship in Australia

On 30 October 2015, the report Boosting High-Impact Entrepreneurship in Australia was released by the Office of the Chief Scientist.

The full report and a two-page summary of the report’s findings are available. A media release by Professor Chubb can be read here.

The report highlights entrepreneurship as the key to a high-growth, innovation-led economy, able to capitalise on Australia’s investment in research and skills.

It finds that although Australia has one of the highest rates of business creation in the world, it has been slow to embrace entrepreneurship as a driver of economic growth and few businesses grow beyond the local level.

Australia’s Chief Scientist, Professor Ian Chub, said universities should be at the core of building a culture of entrepreneurship in Australia.

“Australians aren’t short of talent but we need to get better at turning our creativity into successful products and services,” Professor Chubb said.

“To be a more innovative country we need to encourage an entrepreneurial mindset at every level of education – starting in schools, continuing in higher study and enduring throughout working lives.”

The report was prepared for the Office of the Chief Scientist by Colin Kinner, Director of Spike Innovation.