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Dare to Venture: Startups and the innovation ecosystem in Western Australia

Author

Listed:
  • Alex Buckland

    (Bankwest Curtin Economics Centre (BCEC), Curtin University)

  • Abebe Hailemariam

    (Bankwest Curtin Economics Centre (BCEC), Curtin University)

  • Daniel Kiely

    (Bankwest Curtin Economics Centre, Curtin Business School)

  • Angelica Munoz

    (Bankwest Curtin Economics Centre, Curtin University)

  • Panagiotis Sotirakopoulos

    (Bankwest Curtin Economics Centre, Curtin University)

Abstract

Dare to Venture: Startups and the innovation ecosystem in Western Australia, the eighteenth report in the BCEC Focus on WA series, seeks to better understand the startup and innovation ecosystem in Western Australia, to inform policies that support entrepreneurship and startups in the state, and curate an innovation ecosystem within which startups can thrive. This report finds that Western Australia’s startup and innovation ecosystem requires targeted reforms and investment to unlock its full potential, calling for improvements in talent development, gender diversity and access to capital and infrastructure to support a more diversified economy. The report highlights WA’s strengths in mining, energy and resources but WA should look to grow emerging fields such as artificial intelligence, biotechnology and data analytics and finds that strengthening WA’s innovation ecosystem could create up to 350 new businesses, generating 3,500 highly skilled jobs and broader economic benefits.

Suggested Citation

  • Alex Buckland & Abebe Hailemariam & Daniel Kiely & Angelica Munoz & Panagiotis Sotirakopoulos, 2024. "Dare to Venture: Startups and the innovation ecosystem in Western Australia," Bankwest Curtin Economics Centre Report series FWA18, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.
  • Handle: RePEc:ozl:bcecrs:fwa18
    as

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    File URL: https://bcec.edu.au/assets/2024/11/BCEC-Dare-to-Venture-Report-2024_WEB.pdf
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    More about this item

    Keywords

    venture capital; entrepreneurship; innovation; business ecosystem; small and medium enterprises; small business; business investment.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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