none
none

Innovation on the rise in Australia

31-08-2010
by 
in 
Innovation on the rise in Australia

 

Greg Combet … ‘innovation the key’

The GE Global Innovation Barometer, which shows Australia’s standing as an innovative economy, is on the rise.

The GE Barometer shows Australia has improved its innovation ranking from 16th place in 2012 to 13th place in 2013 out of 25 countries.

The Minister for Industry and Innovation, Greg Combet, welcomed the rise.

“This shows the Australian Government’s support for innovation through Powering Ideas: An Innovation Agenda for the 21st Century is delivering results,” Mr Combet said.

Mr Combet said innovation is the key to developing a more productive and prosperous economy.

“An Australian innovation system that is one of the top 10 in the world is a major goal of the Gillard Government’s Australia in the Asian Century White Paper, Mr Combet said. “The GE Barometer’s latest findings show we are heading in the right direction.”

Many business managers surveyed for the report said innovation was a strategic priority for business. They also identified the need for further support in developing talented staff, collaboration and a stronger venture capital sector.

Mr Combet said the Government was working with industry to support the development of new and existing staff in areas of skill need through initiatives like the National Workforce Development Fund.

“The Barometer findings are a timely reminder to industry and government of where action is still required.”

Mr Combet said the government would announce further initiatives to support innovation in its forthcoming Industry and Innovation Policy Statement.

Related news & editorials

  1. ETA’s warehouse has extensive Bonfiglioli stock
    11.01.2018
    11.01.2018
    by      In
    Bonfiglioli’s partnership with its largest Australian distributor, Engineering Transmission Agencies (ETA), brings quality, reliability and performance to Queensland and Northern NSW customers in industries such as mining, manufacturing, bulk materials handling, food and beverage, water and waste.... Read More
  2. Australian flag
    11.01.2018
    11.01.2018
    by      In
    It’s official: Australia is an Innovation Champion. That is the view of the US Consumer Technology Association, which launched its inaugural International Innovation Scorecard at the Consumer Electronics Show in Las Vegas.
    The scorecard is a development from the association’s annual ranking of US... Read More
  3. 10.01.2018
    10.01.2018
    by      In
    Australian company CST Wastewater Solutions has put together an environmentally friendly and cost-efficient wastewater treatment system for smaller, remote and ecologically sensitive community, municipal, agribusiness and industrial applications throughout the Asia-Pacific region.
    The two-stage... Read More
  4. 10.01.2018
    10.01.2018
    by      In
    US-based utility-scale solar power specialist SolarReserve has received development approval for its Aurora Solar Energy Project in South Australia.
    The project is located on farmland 30km north of Port Augusta and is centred on a 150MW solar thermal power station with 1100MWh of molten salt energy... Read More