How to nurture our entrepreneurs
18th Mar 13
Tony Boyd discusses the launch of new venture capital fund, Blackbird Ventures, and evidence that in recent years, backing the technology and biotech entrepreneurs has delivered gains as large as those from the resources sector.
The article also looks at the experience of Melbourne-based Starfish Ventures which shows that location is no barrier to international success in the digital space, citing examples from the Starfish Ventures portfolio such as Tmail and ICIX.
The article notes it has been pleasing to see the Australian government provide strong support to the venture capital sector’s three umbrella programs, the Innovation Investment Fund, Commercialisation Australia and the R&D tax incentives. It is possible these will combine to help nurture the next digital entrepreneur in an age when technology is the country’s biggest export, rather than coal and iron ore.