Australia: home to 48 of the world’s top 50 most innovative companies
11 Aug 2021
International companies are leveraging Australia’s talent, government support and research to boost productivity, competitiveness and growth.
Forty-eight out of Boston Consulting Group’s top 50 most innovative companies operate in Australia. These companies have partnered with Australian organisations to research additive manufacturing, renewable hydrogen technology and cloud supercomputing, among other areas.
Advanced manufacturing: General Electric
GE subsidiary GE Additive and the University of Sydney are establishing a high-tech manufacturing hub. The Sydney Manufacturing Hub will advance Australia’s capability in metal additive manufacturing technology. The facility will train specialists and academics in advanced alloy design and applications. It will also be an incubator for small to medium manufacturing enterprises.
Agricultural technology: Bosch
Bosch Australia and Monash University are co-developing Australia’s first smart agriculture research facility. The facility will contain a prototypical ‘smart farm’ to test:
- artificial intelligence
- robotic and advanced sensor technology solutions
The facility will also support industry partnerships and research.
Hyundai, Fortescue and CSIRO are working together to develop renewable hydrogen technology. The group seeks to:
- develop new hydrogen technologies with the potential for bulk transport
- build a renewable hydrogen refuelling facility, to deploy hydrogen fuel cell coaches
- build the first combined hydrogen production and refuelling facility in Western Australia.
Healthcare: Johnson & Johnson
The Johnson & Johnson Innovation Partnering Office @ Monash is a hub for researchers and early-stage companies. The facility allows them to develop novel pharmaceutical, medical devices, and consumer healthcare solutions. Researchers have collaborated on novel therapeutics for neurodegenerative and autoimmune disorders. They have also designed public health solutions for maternal mortality and infectious diseases.
Technology: Amazon Web Services and Intel
Amazon Web Services, Intel and AARNET established Australia’s first cloud supercomputing facility. Based at RMIT University, the facility focuses on advanced data processing and computing.
Learn more about Australia’s innovation credentials in the Why Australia Benchmark Report 2021.
Find out more about investing in Australia or contact Austrade for more information.