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

 

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