MAKING BETTER USE OF PUBLIC DATA
At the same time, a range of existing data sources could be put to better use. Large volumes of data are collected by government agencies in the administration of startup-focused programs at both a state and federal level, but very little of this data is made public. Where it is made public, it is often incomplete.
Some relatively comprehensive data sources, such as the Australian Securities and Investment Commission (ASIC) registry, could provide highly valuable data to organisations seeking to measure the ecosystem.
These are often difficult or (in ASIC’s case) costly to access at the scale required for meaningful collective data analysis. To begin to address this, ASIC data that is currently publicly available for a fee should be made freely available online. Access to the broader ASIC database should also be opened up. Removing these barriers would help data-gatherers access and use public information to build a more comprehensive picture. Open access to company data would also improve transparency and efficiency for investors, incubators, accelerators, and public programs managers who support startups.