Innovation
“You can go through list after list of extremely competent research executed at Australian universities just waiting for an opportunity to be commercialised into global supply chains.”
Göran Roos, Honorary Professor, Warwick University, United Kingdom
Australia’s strong track record, quality research institutions and commitment to world-class innovation make it a proven destination to develop new ideas and bring them to life. An advanced innovation framework, coupled with government and business investment in research and development, strong intellectual property protection and a track record of world-class outcomes, create opportunities for investors to collaborate in commercialising research and innovation. The country’s research institutions are among the best in the world and offer opportunities for private-sector industry collaborations. Australia’s talented and highly skilled workforce provides the resources necessary for investors to realise their potential.
Innovation credentials
- Total R&D investment has trebled in the past 10 years and Australia’s R&D spend has increased by almost twice the OECD average.
- Australians have invented or helped develop the bionic ear, Google Maps, high-speed WiFi, the world’s first cervical cancer vaccine—Gardasil and spray-on skin for burn victims.
- Australia is home to world-class universities and research institutions including six of the world’s top 100 universities.
- Australia’s national science agency CSIRO ranks among the world’s top scientific institutions.