The ideas boom - delivering the next age of economic prosperity

Published: 
9 December 2015

The National Innovation and Science Agenda provides the framework for Australian’s to drive ideas that will create business growth, local jobs and global success. It creates a path to a more innovative and entrepreneurial Australia.

The Government’s $1 billion innovation statement covers science, research, commercialisation, capital raising, talents and skills, and the Government’s own activities in four key areas:

Taking the leap

New sources of finance for business and fewer penalties for failure will allow Australians to take the leap and embrace risk, pursue ideas, and learn from mistakes, and at the same time encourage investors to back these ideas at an early stage.

Working together

Improving research funding incentives to support partnerships with industry and increase collaboration of research and business by working together to solve problems and create jobs.

Best and brightest

Supporting students to embrace the digital age and engage in emerging opportunities and careers. Upskilling our youth in science, technology, engineering and mathematics (STEM) will develop and attract world-class talent for the jobs of the future.

Leading by example

To make it easier for small businesses to sell technology to Government, the agenda is aimed at positioning the public sector as an exemplar of innovation.

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