With street’s littered with graffiti to warehouses, beer gardens and an abundant supply of bratwurst and beer. There is no doubt about it; Berlin is the essence of being unintentionally hip. While Silicon Valley may be the start-up mecca of the world, Berlin has experienced rapid investment dollar increases resulting in a vibrant start-up scene and a burgeoning tech hub. Prompting the question, what could Australia learn from Germany? Berlin has become the epicentre of Germany’s start-up scene due to […]
The ‘ideas boom’, the blueprint to innovation, or just simply, the Innovation Statement – whichever way you prefer to coin Turnbull’s first economic report as government, there is no denying that ‘innovation’ has become a buzzword in the Australian vocabulary this week. The innovation statement, released on Monday, unveiled a $1.1 billion plan to foster innovation with 24 new measures across 11 different Government groups. Certainly, the plan is wide-ranging; however, it falls short on delivering a globally competitive commercialisation […]
The ‘elixir of economic growth’, whilst sounding like a surreptitious tincture crafted by an alchemist, is actually often believed by economists to be pertaining to research and development (R&D). Hence, as we mentioned in our previous post, it came as a surprise to many that the R&D Tax Incentive was not mentioned in the Innovation Statement released on Monday. However, what was declared was the inception of a new independent body, Innovation Science Australia (ISA), which will take effect in July […]
In the interest of echoing the mining boom with a more perpetual “ideas boom”, the government released its flagship Innovation Statement on Monday this week. The Innovation Statement revolves around four chief areas: culture and capital, collaboration and skills, incentivising risk and government as an exemplar. In particular, key elements of the agenda comprise of a 20 per cent rebate for investments in start-ups and a easing of insolvency laws to spur risk-taking by company directors. However, contrary to the expectations of many […]