How government can help unlock capital for tomorrow’s innovators
Australia’s venture sector is undercapitalised despite strong performance. Smarter super rules and investment structures can change the equation.
Allegra Spender is the independent MP for Wentworth.
This month’s comments from the Reserve Bank highlighted the scale of Australia’s productivity problem and the challenges facing the government as its Economic Reform Roundtable begins.
There’s no silver bullet for sluggish growth, but investing in innovation must be part of the answer.
The US experience shows that young, high-growth firms are critical to productivity, and that a thriving venture capital sector is essential to supporting them.
Yet Australia’s VC funding per capita is one-third that of the US and half that of the UK.
