Innovation is vital to Australia if we are to continue to improve our living standards, create new business opportunities and be globally competitive. The development of a strong and innovative economy is essential to creating jobs and improving productivity and competitiveness. A flourishing start-ups sector is an important element of ensuring Australia is a thriving hub for innovative industry.
The Australian Government understands the challenges that face start-ups such as access to capital, attracting and retaining skilled employees, managing fast growth and being competitive in overseas markets. We want to support Australian start-ups to grow into successful businesses.