Hi there,

You know how sometimes you have to tell a child to do something a million times before it actually gets done? Sometimes it feels just the same when industry is dealing with government.

Latest case in point is the startup sector, which is feeling ignored and deprioritised, not to mention disadvantaged by policies such as the Research and Development Tax Incentive, which could see spending cut by $1.8 billion and introduce a $4 million cap for smaller firms accessing the scheme – likely reducing the tax offset for most startups.

The Australian tech startup sector is a force multiplier for jobs and makes up six percent of GDP – with the potential to be much higher.

Now the industry is rallying, with big names including Atlassian, Airwallex, Canva, Freelancer and StartupAUS among those penning an open letter calling for better engagement between state and startup to help aid recovery of the sector.

While the pandemic has brought hard times to the sector, just like it has to most, the authors believe with support, the tech sector will be key to a strong and enduring Australian economic recovery, driven by innovation and technology.

If that doesn’t work, perhaps it might be time to start throwing a tanty…

In other news this week:

IDC outlines why technology is central to the Covid recovery
Team Australia launches – into precision farming, deep tech and Mars missions
NZ Inc’s road ahead: It’s time for a reset
CyberCX’s new growth strategy: buying into NZ

Enjoy the read,

Heather Wright
Editor
editor@istart.com.au

STARTUPS

Aussie startups to govt: you’re not listening

Tech leaders demand better engagement – and R&D reform – from Govt…

Aussie startups are mad as hell (with the Federal Government’s failure to support innovation) and they’re not going to take it anymore (without penning a strongly-worded letter).

“Wake up Australia! We must encourage and incentivise innovation and invest in our talent.”

[Read more]

NZ CIO SUMMIT

IDC: Tech guides way through Covid recession

But Covid changes DX priorities…

If there’s been an overarching positive to the Covid-19 pandemic, it’s the role technology is playing to mitigate the impact of a recession and set businesses up for a competitive advantage post-recession.

“Unlike prior recessions, technology will help determine the readiness for this next normal.”

[Read more]

POST COVID RECOVERY

Go Team Australia: The mission to build a stronger AU

From precision farming to deep tech and on to Mars…

From CSIRO’s new Team Australia programme of large scale, scientific and collaborative research initiatives to a deep tech push, the move is on to harness tech for Australia’s post-Covid recovery.

Space offers a significant economic opportunity to create more high tech jobs for Australians including in related fields such as advanced manufacturing.

[Read more]

NZ COVID RECOVERY

Lack of leadership on digital and education hinder NZ Inc

Covid creates incentive to rethink the path ahead, Gluckman says…

Former chief science advisor Sir Peter Gluckman has called out successive NZ govts for a lack of leadership and support for digital and education – areas critical for the weightless economy that could lift us out of the Covid doldrums.

“Building this asset will require new strategies and much more than the rather limited efforts made by successive governments.”

[Read more]

CYBERBUSINESS

Aussie’s CyberCX takes on NZ market

VC-funded cybersecurity group buys into NZ…

Framing it as a chance to create a unified domestic cyber capability – while going after its NZ$600 million cybersecurity services market – Australia’s CyberCX is launching in New Zealand.

“For too long we have relied on international companies for cyber services, where their interests don’t always align.”

[Read more]

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