A laundry list for Abbott's innovation nation

A strong culture of innovation and entrepreneurship isn't created in a vacuum, but encouraged by carefully coordinated policymaking and tax reform.

The shrunken portfolio titles of Prime Minister Tony Abbott’s new ministry has alarmed many who are passionate about the development of Australia’s innovation and entrepreneurship ecosystem. The absence of science or innovation in any portfolio title heralds a colossal step backwards, they fear — a glaring indication of a Coalition mindset stuck on rebooting the mining and resources industry at the expense of investment in the so-called “new economy”.

But such pessimism is premature and perhaps misplaced.

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