none

NEW CHAIR APPOINTED FOR INNOVATION AUSTRALIA

20-11-2015
by 
in 

Australia’s first venture capitalist has been appointed Chair of Innovation Australia.

Minister for Industry and Innovation Christopher Pyne congratulated Bill Ferris on his appointment to the independent body, which was established by the Government to enhance Australia’s innovation performance.

“Innovation is critical to economic development. Australia has strengths but also some challenges. That’s why the Government is developing an Innovation and Science Agenda to focus on this key driver of our economy,” Mr Pyne said.

“Mr Ferris is the right person to lead Innovation Australia in developing a more innovative culture.”

A former Chair of Austrade and also the Garvan Institute of Medical Research, Mr Ferris is a highly respected veteran of venture capital and private equity in Australasia.

Mr Pyne said the Government had committed to making innovation a key element of its economic agenda and to creating an environment that provides clear pathways and incentives for Australia’s business to innovate.

This includes investing in key enablers of innovation like science, research, education and infrastructure, as well as providing the right financial, regulatory, and tax settings to enable businesses to experiment, test and market new ideas.

“Boosting innovation and entrepreneurship will create jobs and stimulate growth, and will position Australian businesses to take advantage of new technologies and opportunities,” Mr Pyne said.

Mr Ferris has been appointed to the position of Chair for three years and will perform a key role in the Australian Government’s new focus on innovation.

“It is a rare and exciting moment for all involved in science and innovation in Australia – a time to lift national awareness of the importance innovation must play in our future prosperity and the actions necessary for that to be possible,” Mr Ferris said.

“I have long been a champion of the need for greater government and private sector effort in the commercialisation of our research discoveries and inventions.

“Now with the Prime Minister’s and Minister Pyne’s expressed determination to make innovation core to the Government’s economic policies, I relish the opportunity as Chair of Innovation Australia to assist in identifying what changes are necessary for meaningful improvement in commercialisation and how to best get on with it right away.”

The Australian Industry Group welcomed Mr Ferris’ appointment.

“Bill Ferris AC is an excellent choice to head up the revamped Innovation Australia and his appointment reflects the seriousness of the Government’s drive for innovation,” AiGroup Chief Executive, Innes Willox, said.

“Innovation in goods and services, processes and practices has tremendous potential to advance every part of our economy and society, driving business success, improved productivity and higher standards of living.

“Bill’s extensive experience in venture capital, as Chair of the Garvan Institute, as Chair of Austrade as well as a wide variety of Directorships, means that he is eminently qualified to help guide the step-up in innovation that Australia is looking for.”

 

Related news & editorials

  1. 19.10.2021
    19.10.2021
    by      In
    There is no doubt that the recent AUKUS agreement between Australia, USA and the UK was a surprise to just about everyone on the planet!
    Taking a closer look into the government’s decision to commit to the AUKUS alliance, much of what has been reported by mainstream media has been inaccurate or... Read More
  2. 18.10.2021
    18.10.2021
    by      In
    Australian Resources and Energy Group AMMA welcomes today’s intervention of the Australian Government seeking to put an end to three months of damaging strikes at Fremantle Port.
    It has been reported the Australian Government has stepped in, utilising its powers under the Fair Work Act to seek an... Read More
  3. 18.10.2021
    18.10.2021
    by      In
    McCormick & Company Inc, a global leader in flavour, today announced plans to open a new, state-of-the-art, environmentally friendly, multi-purpose head office in Mentone.
    This new facility is currently under construction and is on schedule to provide a much-needed boost to manufacturing in... Read More
  4. 13.10.2021
    13.10.2021
    by      In
    Gladstone, Queensland is reported to be the site for iron ore giant Fortescue Metals Group to develop one of the world’s largest hydrogen manufacturing hubs.
    Fortescue Future Industries (FFI) revealed their recent proposal to build a Global Green Energy Manufacturing Centre (GEM), which will... Read More
Products
Suppliers