Quit job for start-up?

ENTREPRENEURS need better incentives to entice them to risk quitting their job and start a business with no income, a Queensland life-science industry conference heard on Thursday.

“From a new company perspective, somebody’s got to found (businesses) and there’s a whole bunch of personal risk,” said Sean Parsons, managing director and founder at medical diagnostics firm Ellume.

Problems of developing an industry were debated at a Life Sciences Industry in Parliament conference. Dr Parsons, whose firm is developing a test for detecting influenza, asked the 150 attendees how many would be willing to quit their work for a start-up with no wages, and only one put their hand up.

Read more