Yellow Pages Global Entrepreneurship Monitor (Gem) Australia 2000

Abstract

The 2000 GEM report on Australia indicates that thecountry is one of the most entrepreneurial of the 21 countries in the 2000Global Entrepreneurship Monitor study. It ranks fifth in new firm participation(3.3% of the population owning all or part of a business established since1997); fourth in overall entrepreneurial activity; fourth in femaleparticipation in business startups; third in startup activity; and second incompany-sponsored startups. Yet, Australia's venture capital industry isunderdeveloped compared to other GEM countries. Three investigation methods are used in the series of national GEM studies:an adult population survey; interviews with entrepreneurship experts in thatcountry; and selected national and demographic data.The GEM modelexamines general framework conditions for economic growth and nineentrepreneurial framework conditions – financial support, government policy,government programs, education and training, research and development transfer,commercial and professional infrastructure, market openness, access to physicalinfrastructure and cultural and social norms. Several factors account for the high levels of entrepreneurial activity.Australia ranks second in the project population growth for 2000-2025; third inenrollment in post-secondary education; fourth and thirteenth, respectively, inwomen's participation in startups and new firms; sixth on total tax revenue asa percent of the GDP; seventh on the percentage of population aged 25-44; tenthon angel participation; first in importance in risk capital; and fifteenth onventure capital investment. The study's overall results indicate that the news for Australia isencouraging, although the performance is poor on several key drivers ofentrepreneurial activity. It is suggested that Australia has not yet achieved ahigh enough level of cultural acceptance of entrepreneurship. (CBS)

Keywords: Entrepreneurial activity, Educational attainment, Survival rates, Venture capital, Angel investors, Business conditions, Demographics, Taxes, Entrepreneurial environment, Regulations, R&D, Cultural attitudes, Economic growth, Startups, Nascent entrepreneurs, Attitudes, Public policies, Technology transfer, Market infrastructures, Angel capital, Startup rates, Males, Females, Age, Early stage financing, Gender