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Innovation

An innovative economy

Australia is a world-class innovation destination, with solid foundations of modern ICT infrastructure, high levels of investment, generous R&D tax incentives for businesses and strong intellectual property protection.

Infographic: Innovation

As an innovative economy, Australia supports:

  • high-quality research outcomes
  • rapid growth in business expenditure on R&D
  • expenditure on R&D similar to that of other leading innovative countries, such as the USA, Japan and France
  • growth in gross expenditure on R&D at twice the OECD average
  • some of the world’s best academic and research institutions.

Australia is a leader in the development of new technologies like the bionic eye. Billions of people around the world rely on Australian discoveries, such as Google Maps, high-speed WiFi, spray-on skin for burns victims, cervical cancer vaccine, ultrasound, cochlear implants and civilian use of penicillin.

Australian innovation video

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Australian Foreign Investment Guide

The Australian Foreign Investment Guide provides useful information on investing and operating a business in Australia and the range of assistance available to investors.

Australian Foreign Investment Guide

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Investor Map: Australia at a glance

Australia at a glance

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