The problem with start-ups clustering in capital cities

Imagine if tens of thousands of entrepreneurs launched their venture in a regional centre instead of an east coast capital in the next decade. Instead of starting in Sydney or Melbourne, they relocated to Newcastle, Geelong or Ipswich.

If a fraction of these start-ups flourished, the regional centre would in time have hundreds of high-growth ventures in emerging industries – ventures that create jobs and wealth for regional communities and draw workers and their families from capital cities.

I considered entrepreneurship’s role in population planning amid news this week of Australia reaching 25 million residents. I see potential for a co-ordinated network of regional innovation clusters that compete with capital cities for high-growth start-ups.

Yes, entrepreneurship is only a small part of the population puzzle, but if governments are serious about encouraging people to move from the cities, we need a jump in higher-paid, knowledge-economy jobs in the regions. That’s where entrepreneurship comes in. Read more

Tony Featherstone - Brisbane Times - 9 August 2018

Comments

We welcome relevant, respectful comments.
Please read our Comment Policy before commenting.
We also welcome direct feedback via Contact Us.
You may also want to ask our librarians.

Be the first to write a comment