Government announces plan to create 93,000 new jobs in startups

The government has announced a plan to create 93,000 new jobs from startup companies over the next five years.

9th October, 2014
The plans aims to increase the startup survival rate by 25%

The government has announced a plan to create 93,000 new jobs from startup companies over the next five years.

The plan, outlined in the National Policy Statement on Entrepreneurship, aims to increase the number of startup companies by 25 per cent — about 3,000 per year.

It also aims to increase the survival rate of new companies in the first five years by 25 per cent, which would mean that 1,800 more would survive every year.

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