T
he innovation statement didn’t do enough to address the later-stage funding gap in Australia or stem the ‘brain drain’ overseas, Starfish Ventures co-founder Michael Panaccio says. The innovation statement, which focused on unlocking capital for early-stage companies, encouraging international talent to come to Australia and two large co-investment funds, was given positive reviews by most of the startup community; with some saying it marks a “new era” for the sector.
