According to the World Economic Forum, Australia has dropped to 63 out of 64 developed nations by innovation. The big 4 banks in Australia areIn terms of job creation and monetary value, nothing is better for the economy than a healthy startup ecosystem. Successful startups grow from 10 to 100 staff, then to 300 faster than existing companies. For any government, a healthy startup ecosystem creates jobs. Singapore knows this. Hong Kong knows this. The U.S. knows this.
Liam Bussell, chief marketing officer of Cloudtech Group and one of the organizers of the event, said:
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