For International

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 system.

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 overseas markets.

“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