Invest News November 2017
New survey shows doing business in Australia getting easier
Australia remains one of the world’s easiest places to do business, according to recent survey Doing Business 2018 conducted by the World Bank.
Overall, Australia improved one place to rank 14th in the world for the ease of doing business in 2017. When comparing economies with a population of more than 20 million, Australia is now ranked fourth in the world, only behind South Korea (fourth globally), the USA (sixth) and the UK (seventh).
Find more at doingbusiness.org
Queensland leads country in the innovation game
Commonwealth Bank’s latest Business Insights Report shows Queensland is home to the highest Innovation Index score of all states and territories at 37.7, experiencing the largest increase in the past 12 months (up from 23.7). The report also reveals that Queensland has surpassed Victoria and Tasmania in the rankings of the most innovative states, coming in second.
See the full breakdown of the report here.
Here’s all the winners from the 2017 Lord Mayor’s Business Awards
The winners of the Lord Mayor’s Business Awards were announced at a gala dinner at City Hall on October 27. Now in their 12th year, the 2017 awards attracted a record number of entries. See the full list of victors here.
The Lord Mayor’s Business Awards are staged by Brisbane Economic Development Agency and sponsored by ANZ, Australia Pacific LNG, Australia TradeCoast, BDO, Brisbane City Council, Channel 7, Energex, Epicure, HSBC, ISPT, Optus, Port of Brisbane, Queensland Urban Utilities, Singapore Airlines, Sirromet and Staging Connections.
New report from CBRE says Sunshine State heading for an economic boom
A new report by CBRE Research has found that the fundamentals of an economic boom in Queensland are present and that all signs show that a growth spur could be around the corner.
The report finds that white-collar employment growth along with the house price differential between Brisbane and Sydney are two key variables that drive large waves of interstate migration to Queensland.
See the breakdown here.
Venture capital fundraising doubles to $1.32 billion during the past 12 months
The Australian Private Equity and Venture Capital Association’s annual yearbook report into the private equity and venture capital scene in Australia shows total fundraising across both private equity and venture capital increased to $3.35 billion, up from $2.74 billion in 2016.
This was largely by a huge year in venture capital raising, which hit $1.32 billion, more than double the 2016 figure.
More here via Smartcompany.
Ready to innovate for the future of healthcare?
The InnoHealth Australia initiative addresses the German and Australian healthcare research communities as well as small and medium enterprises in this field. The initiative includes a program for Australian participants to get involved in innovating for the future of healthcare.
The “Calls for Ideas and Innovation” deadline is on December 15. More information here.
Latest report gets behind the data in Australia’s startup ecosystem
The 2017 Startup Muster report is the fourth annual report from Startup Muster, highlighting the developments in the Australian startup ecosystem. The report is now available to download at startupmuster.com.
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