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Australia needs entrepreneurs

31 July 2015 by News Desk

ind_businessAustralia must attract, grow and maintain a new breed of entrepreneurs if the country is to compete in the world of future technologies.

That’s the view of a leading business expert who says Australia must develop ‘tech hubs’ around the country to develop an entrepreneurial culture and create business ventures from scientific and technological developments.

Dr Peter Binks, director of the Wade Institute at the University of Melbourne, says South Australia and Adelaide has strong research credentials and it needs to build on these strengths. “We do very well at producing bright young people that are highly motivated in the field of technologies. Where we lack the skills is in enabling those people to work in businesses.”

“The economy evolves, the jobs evolve and people adapt their existing skills and develop new skills. The new jobs will be very different from the jobs we’ve had in the past, but those new jobs are emerging.

“We’ve had 30 years of economic growth but that legacy wave is starting to come to an end. But new fields such as biotechnology, information technologies and nanotechnologies have been developing in the background and will be the economic engines of the future”.

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