Election Stalemate 2016
Leading into Saturday’s election, the startup community was reasonably confident a returning majority Liberal Government would have the capacity and commitment to support business startups. How quickly priorities change, to be replaced by other more pressing concerns.
The Australian startup community has reacted in horror to the too-close-to-call election, with fears over how an impending hung parliament may affect policies surrounding innovation. The election is still yet to be decided, with the likely result being either a Coalition government with a tiny majority or another hung parliament. According to MoneyPlace founder Stuart Stoyan, either possibility is a disaster for the startup sector.