Monthly Archive: December 2014

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Catalysing globally-minded startups: the key for Australian job creation (By Dr Peter Beven)

Entrepreneurship is the ‘lifeblood of the economy’, as has been proven in the example of the US start-up scene. In fact, a 2010 study conducted by the Kauffman Foundation showed that without start-ups there would have been no new net job creation in the US economy since 1977! [1] Just think of the implications of this for one minute. Another well-documented fact is the disruption faced by a range of traditional industries. This is leading to a redistribution of industry revenues across geographic borders to an extent never seen before. Only 14% of Fortune 500 companies that existed in 1955...