Overall, the feedback supported the key focus areas of the action plan:
· building the entrepreneurial culture and community
· creating skilled and connected entrepreneurs
· increasing the density of the ecosystem, with affordable office space as a focus
· supporting tech entrepreneur’s access to funding
· developing entrepreneur’s access to markets
We will bring forward work to increase the number investors and to review our procurement policies. We will also investigate ways we can support a makerspace.
The wording was strengthened around how we encourage women’s participation in the ecosystem. Information about the Australian Securities Exchange, federal government policy and other organisations in the ecosystem was added.
The ideas the community gave us will continue to be considered as we develop projects, which will need to be scoped and implemented in partnership with the ecosystem.
The action plan does not focus on supporting one ‘vertical’ eg fintech over another as this could impact on tech startups targeting other industries from succeeding. The focus is on creating an environment in which tech startups, in all sectors, can thrive.
The City acknowledges the comments about how tax and other regulation is a barrier and that changes to this legislation as well as increasing the NBN/ internet speed is the responsibility of the federal government.