John Ruthven, President and MD of SAP A/NZ says he ‘agrees that investment and incentives for start-ups are key to driving innovation, creating jobs and spurring growth.’
He also emphasises that ‘education, large enterprises and government must be closely coordinated in their efforts if the Prime Minister is to establish fertile ground for new businesses.’
Ruthven said: “The tax reforms announced for the benefit of entrepreneurs, start-ups and small and medium-sized businesses are essential for job creation, talent retention and growth.
“Companies such as SAP have an important role to play in enabling successful start-ups in Australia, and working across our networks of local technology partners to accelerate this push.”
Ruthven said he also ‘sees the focus on talent and skills as critical to the success of the Government’s innovation agenda.’
“There is a paradox within Australian society – while youth unemployment rises, so does demand for ICT skills. As technology’s influence across all walks of life continues to grow, it’s become critical that we work to address our nation’s ICT skills shortage,” he continued
However, Ruthven also makes the point that ‘business of all sizes, across all industries, have a role to play in facilitating growth in all areas of the economy.’
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“It’s not just the start-up community that should be encouraged by the important measures proposed in today’s statement. To realise the Australian ideas boom, stronger collaboration between business, research, academia and government is essential.
“This collaboration will ensure we develop the talent to inspire the ideas, and the partnerships to commercialise them.
“The disruption of whole industries is very real. It’s time to establish an economy based on innovation, so that Australia leads this disruption and no longer only reacts to it,” Mr Ruthven concluded.