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Founded by Rich Bendis

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WHAT TO EXPECT FROM THE INNOVATION STATEMENT

How will Australia become an innovation nation? Startups and the tech sector are banking on the Turnbull government's industry statement to be launched on Monday.

Much has been made of the building blocks the country already has for a thriving innovative economy - a wealthy and educated population, highly-funded public research sector and access to the lucrative Asian market - but the challenge will be in coming up with policies to capitalise on that.