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The last thing we need is innovation policy on the run

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Today, Singapore frequently ranks as the most innovative country in Asia-Pacific, with 42,000 local start-ups and almost one in 10 working-age people in Singapore trying to start or having already started a company.

Australia is now so far behind that without such a blueprint, our innovation engine will not kick-start — or will even misfire on most cylinders.

One of Australia’s key downfalls is our inability to allow failure.

Indeed, the word ‘failure’ is a chill down the spine of most Australian recruiters and employers.

Read more on Business Spectator

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