It is well known that innovation drives economic growth and improves the well being of a nation
‘The startup economy’ (commissioned by Google Australia by PWC in 2012 ) uncovered that the tech startup industry could deliver an additional $109 billion to the economy by 2033.
Definition of A tech startup – innovative, disruptive , potential to scale rapidly
75% of startups are targeting the Information Media and Telecommunications sector and may be missing the bigger picture opportunity for growth. Projections indicate that the Finance and Insurance, Manufacturing and Health Care and Social Assistance industries in particular hold either current or future value in contribution to total industry GDP. With Health Care and Social Assistance flagged as being the highest industry contributor to GDP by 2050.
6 key actions needed
Call to Action