Innovation

Focused on innovation

Australia is committed to innovation and science, recognising that it underpins the country’s growth, economic prosperity, competitiveness and job creation.

To foster creativity and entrepreneurship, the Australian Government has launched a National Innovation and Science Agenda – a suite of initiatives to encourage Australians to take on new ideas, embrace risk, increase collaboration between industry and researchers, and develop and attract world-class talent for the jobs of the future.

Australia offers modern ICT infrastructure, high levels of investment, generous research and development (R&D) tax incentives for businesses and strong intellectual property protection.

Australia is:

  • supportive of high-quality research outcomes and entrepreneurial activity
  • committed to R&D, with gross expenditure on R&D growing at twice the OECD average
  • rated fifth in a ranking of the world’s top 200 universities by five key subject fields
  • home to some of the world’s best academic and research institutions.

Australian innovation video

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Australia's CSIRO ranks in the top 1% of the world's scientific institutions in 15 research fields

Charts from the Benchmark Report

The Australia Benchmark Report provides rich data demonstrating why there is no better place than Australia to do business. The report examines five key reasons for investing in Australia – Growth, Innovation, Talent, Location and Business – and compares Australia’s credentials with other countries.

Charts can be downloaded and saved as images for use in reports and presentations (please reference www.austrade.gov.au).