Australian Innovation System Report 2015

supporting early entrepreneurship and innovation


The Australian Innovation System Report 2015, the sixth in the series, explores innovation through the lens of innovative entrepreneurship. Using newly obtained data, it analyses how start-ups and younger businesses often behave differently and are more likely to report increases in employment, sales, profitability, productivity, product range and product innovation. A small number of high growth start-ups are shown to contribute disproportionately to jobs growth in the Australian economy. While Australia has some of the highest proportions of start-ups and younger businesses in the OECD and framework conditions are generally favourable, the Report identifies areas for improvement such as cluster development, corporate culture for innovation and access to early stage finance.


The Australian Innovation System Report 2015 is available here. The original article was posted here by the Office of the Chief Economist (Department of Industry, Innovation and Science).

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