Historically, Labor has been well placed in bringing together groups to work as one for the national economic interest – a major economic priority right now must be opening up pathways to encourage stronger investment flows towards innovation activity in this country.
Labor will establish an Innovation Investment Partnership, bringing together venture capital, superannuation fund and startup stakeholders – designed to identify and overcome barriers to investment in Australian-based VC funds.
It will also explore opportunities to develop mechanisms that encourage the superannuation sector to invest in and support Australian venture capital, as occurs in almost every other developed economy in the world.
Building the linkages between VCs and super funds will provide an added longer term benefit for startups – sharpening up their commercial and business acumen through the process of seeking funding support.
Further information is available here.