On Dec 5, 9:12 pm, Paul Wallbank <paulwallb...@gmail.com> wrote: > Sadly I think getting sensible, sustainable development policies into > Sydney are about as likely as negative gearing being abolished. > Since I'm a Kiwi, I'd point out that the NZ incubator model for comparison
http://sticknz.net/2010/12/07/med-cant-kill-kiwi-technology-incubators/ scheme seems to be working or at least not immediately drying up. The indicative figures are: - 150 graduations since the incubator programme was set up in 2001 about 20/year - annual govt seed funding of $NZ 4.5M ~$A3.8 = ~$200k/startup - of 90 companies responding to survey revenue of $130M (45% export), staff of 1,100 and followon investment raised $30M (which on average is not so hot) However they have difficulties in crossing the valley of death (VC level of funding >$2M) and would still be considered micro-enterprise (many 10-20 staff). Looking at the US with population nearly x100, angels fund ~10,000 startups, VCs ~1,500/year so there is still a big gap for NZ to close with US. > Right now, given the amount of investor money sloshing around, I'd > suggest the startup sector probably doesn't need immediate support. Looking around the world, the Isrealis seem to have gotten the right mix of entrepreneurial policies. Singapore is pouring a lot into their incubators but no figures on their effectiveness (anyone?). As for Australian govt policy ... tax breaks for R&D favor those large enterprises with existing cashflow and not really relevant to startups who are scrapping by on the smell of an oily rag. Lawrence http://nz.linkedin.com/in/drllau -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://groups.google.com/group/silicon-beach-australia/msg/351e183e1303508d?hl=en%3Fhl%3Den No lurkers! It is expected that you introduce yourself. To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
