The Boosting Australia’s Innovation report, released today by the Australian Academy of Technological Sciences and Engineering (ATSE) ahead of the upcoming federal election, recommends critical actions to unlock Australia’s potential to grow a thriving, resilient economy.
The Boosting Australia’s Innovation report, released today by the Australian Academy of Technological Sciences and Engineering (ATSE) ahead of the upcoming federal election, recommends critical actions to unlock Australia’s potential to grow a thriving, resilient economy. ATSE recognises that research and development are not optional add-ons for governments and business. They are fundamental to national growth, prosperity, resilience and sustainability.
Entrepreneurship and innovation are part of Australia's DNA. A thriving economy that makes the most of invention, puts new knowledge to work, and grows new industries is key to the nation’s wellbeing and future success.
Crafted following deep consultation with business, government, research and entrepreneurial leaders, Boosting Australia’s Innovation lays out a pathway for healthy Australian R&D investment to secure us as one of the world's leading technology and innovation economies. ATSE’s Fellows – Australia’s top engineers, applied scientists and technologists – and hundreds of other consulted experts have made clear the need for a unified national approach to unlock Australia’s true potential.
Australia has all the building blocks for a thriving innovation ecosystem, and so much potential to grow our impact, our wellbeing and our economy.
The report’s recommendations are aimed at improving collaboration, increasing investment and creating better impact measurement, including:
ATSE CEO Kylie Walker emphasises that Australia is perfectly placed to take advantage of the innovation opportunity.
“Australia has all the building blocks for a thriving innovation ecosystem, and so much potential to grow our impact, our wellbeing and our economy. Better systems and structure to connect and empower researchers, investors, startups, policymakers and innovators can provide fertile ground for lucrative new national industries to flourish.”
“Australia has what it takes to lead the world – across areas like battery technology, sustainable building materials, clean mining methods and responsible Artificial Intelligence, and more. A fully maximised and thriving innovation ecosystem will create new industries, solve health problems, invent exportable technologies, safeguard our environment and support our workforces of the future.”
Boosting Australia’s Innovation articulates the interconnected key players in Australian R&D, identifies the barriers, and presents solutions and support systems that can be deployed to cultivate their work. It outlines the policy and regulatory reform opportunities to get the greatest benefit from our R&D spending and support more people to enter and thrive in new industries and jobs of the future.
“We can and should implement the extraordinary solutions and exciting opportunities our researchers and developers create. Every step we take to empower Australian knowledge and invention to thrive and build bridges across the economy will be repaid many times over in the new industries, jobs, products and opportunities we create,” Kylie Walker said.
Australia stands at a critical juncture in its journey to boost the national innovation ecosystem. A thriving economy that makes the most of invention, puts new knowledge to work, and grows new industries is key to the nation’s wellbeing and future success.
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