Startups mostly fail and for two self evident reasons, lack of genuine management skills and insufficient capital!

But when they succeed they do so spectacularly!

Hardly applicable either way, to established companies?

Government can raise investment capital for half what the private sector can; who all too often expect the government as their so called partner, to carry the can on the investment capital?

Talk about having your cake and eating it too!

However, governments, [mostly Labor,] have treated essential operating capital as an ATM?

And the reason for many state owned finance/insurance corporations, going belly up!

Even so, just not true for myriad reasons that privatisation is the way to go!

Yes we are among the most innovative people in the world and given the local brick and mortar mindset of local investors, the most under resourced innovators.

With most innovation withering on the vine, or sold at fire sale prices in bargain basement free for alls for foreigners, who as usual bleed us white; the citizen and established Australian enterprise alike!?

Before it was killed off by the so called private sector; the Celtic economic miracle was spectacularly successful, and reliant on fully supported local innovation, family firms and farms; and niche marketing! Queensland could emulate the former and avoid the latter?

I mean we have billions of dollars of revenue tied up in and denied by green generated regulation!

And so, we are denied entry into a massive energy market in India!

We could quite easily recapture that market as fully built thorium modules; exported and leased to the "local" energy market; for a handsome profit, no coal fired alternative could ever compete with?

And collect a long term source of reliable revenue from almost a billion potential customers?

[Australia has reportedly enough thorium to power the world for several hundred years, or long after every possible Queensland coal mine is played out?]

Even with every sail filled and billowing, the ship of state goes nowhere, until the usual anchors (experts who know all the reasons it won't/can't work) are weighed Graham?
Rhrosty.

The "Advance Queensland Knowledge Economy" from the Queensland government is a little difficult to find details of. There is a website, which lists some initiatives, but I could not find a document describing the overall strategy (if there is one). What I could not find was anything like the ACT Government's Canberra Innovation Network (CBRIN). This is a partnership with local universities to foster start-up companies. University students and former public servants are given training and support to set up new companies in Canberra: http://blog.highereducationwhisperer.com/2015/04/designing-innovation-course-part-3.html#cbb