Federal Assistant Minister for Innovation Wyatt Roy brought together 150 of Australia's brightest startup founders and investors for a Policy Hack in   October, now they have produced a list of 10 new ideas they say will boost Australia's innovation economy.
Minister for Industry, Innovation and Science Christopher Pyne and Mr Roy will launch the official report from Policy Hack at a media briefing at 9:45 on Thursday morning. The report has been compiled following the event at Sydney startup accelerator BlueChilli, by peak startup industry group StartupAUS. 
The ideas address funding, tax arrangement, gender inequality, education and skills.
1. Connecting Australia's established enterprises to startups through an innovation accord, an innovation precinct, and through the extension of the R&D tax incentive.
2. Improving social enterprises by creating the Academy for Sustainable Community - a nationally co-ordinated strategy that is delivered locally around the country to provide communities with the skills to leverage digital inclusion and build social enterprises through the NBN.
3. Achieving gender equality by providing a $100 million Federal Government co-contribution fund for female-led ventures, and a detailed program for male 'champions for change,' where men support women in the ecosystem by putting their money and brand on the line.
4. Intellectual property - keeping innovation in Australia by following international best-practice and introducing a tailored tax regime for intellectual property revenues, allowing Australia to retain innovative businesses, while attracting more innovative businesses from overseas.
5. Incentives to attract capital and improve startup quality including matched funding for accelerators and incubators, and income and capital gains tax incentives for early stage investment.
6. Encouraging universities to engage with industry by boosting research and development funding to universities and tying it directly to engagement with industry, as well as a funding increase of $300m to encourage strategic staff and student secondments in tech-based companies.
7. Fixing Government procurement by redesigning the current practices, which are inherently biased towards larger enterprises, to truly open up government contracts to startups. Open government data to new innovative measures.
8. Enhance global awareness by creating startup 'landing pads' in key markets where Australian startups can access local knowledge, a place to work, and community support. Start in San Francisco.
9. Improving education through planting the seed of innovation inspiration at the earliest stage of educational development, primary school. 'Lemonade Day' is an opportunity for children to own and operate their own venture - a lemonade stand.
10. New Enterprise Incentive Scheme (NEIS) - Introduce a new stream into the NEIS - a Startup Incentive Scheme (SIS) - to support founders entering accredited accelerator programs.
More details of the policy ideas will be discussed in the report itself, which will be made public at the media briefing on Thursday morning. StartupAUS Head of Strategy and Advocacy Alex McCauley, who wrote the report said it would provide a window into an area of economic policy which is of vital importance to Australia, but which is a bit opaque to a lot of people.
"At its core, innovation policy is about trying to create jobs and boost economic growth, by encouraging modern technology and flexible, creative business practices," Mr McCauley said.
"The best businesses have always been innovators. It's time for Australia to embrace that innovation and seek to capitalise on the very great rewards digital technology offers. That's what this hackathon was about - the best minds in the business helping to develop policies to modernise Australia's economy."
CEO of BlueChilli and facilitator of Policy Hack, Sebastien Eckersley-Maslin, meanwhile said the sector was being hugely encouraged by the increased attention it was getting from policy makers in recent times, and that he believed there would be genuine benefits from the meeting.
"A great startup mantra is 'get shit done,'" he said. "I'm excited that we have this attention at a senior level in government and Policy Hack enabled people who generally don't have a voice to work direct with government bureaucrats and members of parliament on how to shape Australia's startup future."
Mr Roy meanwhile said the Policy Hack had been an important day, and that policy making would be much better informed by having the thoughts of entrepreneurs, innovators, educators, scientists, researchers and public servants.
"It's exciting to see disruption to the traditional policy-making process, with some of those ideas now finding their way to the next level of government," Mr Roy said.