National Innovation and Science Agenda launched
The Australian government has launched a National Innovation and Science Agenda.
Through the National
Innovation and Science Agenda, the Government will invest $1.1 billion to
incentivise innovation and entrepreneurship, reward risk taking, and promote
science, maths and computing in schools by focusing on four priority areas:
Culture and capital, to help
businesses embrace risk and incentivise early stage investment in startups;
Collaboration, to increase the
level of engagement between businesses, universities and the research sector to
commercialise ideas and solve problems;
Talent and skills, to train
Australian students for the jobs of the future and attract the world’s most innovative
talent to Australia; and
Government as an exemplar, to
lead by example in the way Government invests in and uses technology and data
to deliver better quality services.
The Agenda is part of the
Government’s commitment to establishing Australia as a leading innovation
As part of this announcement, Australian start-ups will soon have access
to innovation hubs in key international markets.
Trade and Investment Minister Andrew Robb said the overseas hubs – to be
called Landing Pads - would assist emerging Australian companies with their
approach to identifying and engaging with international opportunities in
“Landing Pads will be created in key global innovation hotspots
including Silicon Valley and Tel Aviv to give Australian entrepreneurs and
start-ups a short-term operational base” Mr Robb said.
“A Landing Pad provides for a collaborative workspace and facilities
including office space and meeting rooms for up to two months, as well as
accelerated access to international business networks, entrepreneurial talent,
business development and investment opportunities.
“The Landing Pads will be established by Austrade in the US and Israel,
with a further three locations to be identified in the near future. Austrade
will also provide access to tailored services including mentoring, business
coaching, identifying investors and potential business partners.
“This is a valuable new resource for Australian companies and will help
foster the innovation and entrepreneurialism we need to create new jobs and
build the industries of the future,” Mr Robb said.
Further information on the Strategy is available at www.innovation.gov.au