Australia is classified as an innovation-driven economy, according to a new global report, with a business start-up rate of 6%, compared to 8.7% in the United States.
Last year, the Global Entrepreneurship Monitor conducted its 13th annual survey of the rate and profile of entrepreneurial activity around the globe.
Based on a survey of more than 140,000 adults in 54 countries, GEM estimated that 388 million entrepreneurs were actively engaged in starting and running new businesses in 2011.
This included an estimated 163 million early stage entrepreneurs who are female, and 165 million early stage entrepreneurs aged 18-35.
To read the full, original article click on this link: Innovation - Australia Recorded Start-up Rate Of 6% In 2011, Global Entrepreneurship Monitor: Innovation
