The lobby group warns Australia is falling behind in global innovation, and calls for urgent tax, immigration and other reforms. StartupAUS has issued its annual Crossroads report for 2016, warning Australia is falling behind other countries in terms of innovation, risking an economic slump unless governments implement reforms to promote startups and innovation.
The report notes that Australia is falling on the Global Innovation Index, dropping to 19th spot behind countries such as New Zealand and South Korea.
