Innovation, Technology, R&D
Government must facilitate and bring together world class research and development, innovative thinkers, venture capital and a highly skilled, creative and diverse work force. This strong platform will revitalise Australia’s economic outlook by strategically growing the innovation and technology sectors.
Examples of what needs to be done:
- Encourage universities, government agencies and companies to undertake research and development by increasing funding to align with other world leading countries
- Improve funding strategies to target specific research goals, increase focus on commercialisation and enable longer term research projects
- Encourage entrepreneurship by legalising equity funding platforms and co-investing with venture capitalists to drive local development of innovative Australian ideas and keep talented Australians onshore
- Create a ministerial-level position with responsibility for leading a culture of innovation and entrepreneurship throughout all government agencies, research institutions and the private sector