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

Alex Buckland (), Abebe Hailemariam, Daniel Kiely, Angelica Munos () and Panagiotis Sotirakopoulos
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Alex Buckland: Bankwest Curtin Economics Centre (BCEC), Curtin University
Angelica Munos: Bankwest Curtin Economics Centre, Curtin University

No FWA18, Bankwest Curtin Economics Centre Report series from Bankwest Curtin Economics Centre (BCEC), Curtin Business School

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.

Keywords: venture capital; entrepreneurship; innovation; business ecosystem; small and medium enterprises; small business; business investment. (search for similar items in EconPapers)
JEL-codes: G2 L2 L26 O3 O31 (search for similar items in EconPapers)
Pages: 133 pages
Date: 2024-11
New Economics Papers: this item is included in nep-ent and nep-sbm
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https://bcec.edu.au/assets/2024/11/BCEC-Dare-to-Venture-Report-2024_WEB.pdf (application/pdf)

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