Ms. Joanna Bunting, Counsellor of Industry, Innovation and Science at Australian Embassy in China, noted the Australian Government, similar to governments elsewhere, has recognized the importance of innovation and entrepreneurship in delivering high-skilled jobs and making businesses more productive and competitive. In the Australian context this message has had particular resonance as the country transitions from the resources boom and traditional manufacturing and looks to build increased diversity in the economy. The Australian Government’s National Innovation and Science Agenda (the Agenda) was launched in late 2015. A major theme of the Agenda was ‘Culture and Capital’. This aims to help build a stronger culture of entrepreneurship and to encourage increased investment in innovation.The Agenda included a number of measures to stimulate angel and venture capital investment. These measures are now well-advanced in their implementation.