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RSS SubscribeMonday 19th April 2010
Australian Innovation System Report 2010
by DIISR
The first in a series of new annual reports takes a hard look at how Australia’s national innovation system is performing.
Innovation Minister Senator Kim Carr said the Australian Innovation System Report 2010 shows that business expenditure on research and development has almost doubled over the last decade, rising from a low of 0.67% of GDP in 1998-99 to 1.27% of GDP in 2007-08.
Importantly, the report sets a baseline against which Australia’s future innovation performance can be assessed, allowing us to take concrete measurements of our progress on the targets and ambitions outlined in the Government’s innovation statement, Powering Ideas. It also describes strategic measures taken by governments, businesses and research institutions to boost Australia’s innovation performance.
“Putting money into research and development will lift Australia’s productivity and create new high-skilled jobs,” Senator Carr said.
“While the increase in private sector R&D spending is pleasing to see, much more work remains to be done by both industry and government.
“In the last Budget, the Government allocated $8.6 billion for science and innovation.
“This is an investment in our future.
“Innovation, education, infrastructure and regulatory reform are the four pillars of the Government’s productivity agenda.
“If Australia’s productivity is to grow, we need to make sure that all stakeholders – industry, the research workforce, the community and governments – are working together.
“This includes working closely with our international partners so Australia can benefit from the vast amounts of knowledge created offshore.”
Senator Carr launched the report in Melbourne at Collaborating for Success, the inaugural conference for innovation advisory bodies.
Further information
www.innovation.gov.au/Section/Innovation/Pages/AustralianInnovationSystemReport.aspx
