Australian entrepreneurship healthy
Australia’s level of entrepreneurship has returned to pre-2007 levels according to an OECD report.
The report, which examines entrepreneurship in OECD countries, notes that the number of start-ups in Australia has returned to pre-global financial crisis levels and is rivalled only by France.
Australia was also ranked number two, behind New Zealand, in terms of the least restrictions to start a business. This matches with an earlier report compiled by the World Economic Fund and INSEAD, which ranks Australia as the second-fastest location in the world to start a business (requiring only two days).
The Global Entrepreneurship Monitor (GEM) 2010 classified Australia as an innovation-driven economy that was ranked in the top three for Total Early-Stage Entrepreneurship Activity (TEA). Its research also found that Australia shows the greatest number of female entrepreneurs in the Asia Pacific region amongst the innovation-driven economies.
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