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Australia needs entrepreneurs

01 November 2015 by News Desk

edu_OpenUniversityAustraliaAustralia needs to become an entrepreneurial country and universities are being urged to invest more in business start-up activity.

That’s the view of a new report that urges universities in Australia to do more to encourage a new generation of entrepreneurs and business leaders. The report, by Australia’s outgoing chief scientist Prof Ian Chubb, says university funding should be linked to the number of business start-ups created by staff and graduates.

The report calls for increased emphasis on economic impact measures such as start-ups created by staff and graduates, capital raised and jobs created, with a particular focus on science, technology, engineering and mathematics.

“Incentives linked to funding would also encourage universities to recognise academic staff for engagement in student entrepreneurship activities,” the report says.

“From the United States to Korea, fostering entrepreneurs has become a national priority, pursued with energy, ambition and imagination. Australia needs to become known as an entrepreneurial country, not just a lucky one.”

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