What is the relationship of constant curiosity – of a sort – and good policy?
perative that initiatives are put into place now to support the ongoing investment needed to sustain and grow our innovation ecosystem. Core policy solutions that will help grow the pool of capital available to support investment into businesses and create employment op- portunities for the future include: • introducing a new public and private sector co-investment fund to support Australian entrepreneurs and fast growth businesses • filling skills and talent gaps in the short term and building a training and educa- tion pipeline to support growth industries over the long run • implementing reforms to lift the competi- tiveness of our taxation system and our ca- pacity to attract offshore investment • investing in hard and soft infrastructure to support the growth profile of the economy over the next two decades – utilising tech- nology as a core enabler for the future • fast-tracking the reduction of red tape and introducing greater efficiency to our regu- latory environment. The COVID-19 global pandemic was cata- strophic for communities and economies all over the world. But in the words of Churchill, “Never let a good crisis go to waste”. Australia must be brave in the face of adversity and prepare now for a future in which knowledge and innovation will be the new currencies of leadership. Yasser El-Ansary became the CEO of the Finan- cial Services Institute of Australasia (FINSIA) in May 2022. Prior to that, he had been the Chief Executive of the AIC since November 2013.
In our view, the three pillars of Australia’s fu- ture economic prosperity must be: • maximising the penetration and utilisation of technology as an enabler of economy-wide productivity growth and job creation • going “narrow and deep” in developing in- dustries where Australia is, or could be, a world leader • supporting our entrepreneurs and fast- growth businesses to create the next gen- eration of world-leading businesses. To realise the economic gains from the scal- ing-up phase of early stage businesses, it is im-
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