none

PM URGES PYNE TO RELEASE HIS 'INNER REVOLUTIONARY'

13-10-2015
by 
in 

Prime Minister Malcolm Turnbull has encouraged Industry Minister Christopher Pyne to release his "inner revolutionary" when it comes to innovation initiatives – and not to worry about the cost.

Speaking at the launch of a carbon fibre wheel manufacturing plant near Geelong last week, Mr Pyne said Mr Turnbull had encouraged him to be less "orthodox" while developing policies to boost innovation.

Mr Turnbull has put innovation – and the need to embrace technological disruption – at the centre of his government's economic agenda.

The PM is "instinctively and reflexively excited about innovation," Mr Pyne, the Minister for Industry, Innovation and Science said.

"I'm quite an orthodox politician, quite conservative – although that's not always apparent," he said.

"Malcolm said: 'Come up with some ideas to bring together a national innovation agenda.'

"After our first meeting, he said: ‘That's great, but I'd like you to release your inner revolutionary.'

"I said, 'That will cost money.'

"He said: 'Let me worry about the money, you get on with the ideas.'

"That's very exciting for a cabinet minister, I can tell you, when everyone else is being asked to tighten (their) belts and reasonably so."

Mr Pyne said one of his first priorities would be finding ways for start-up companies to use crowd-funding to attract investment.

Australia is a year behind New Zealand in introducing legislation to enable crowd-funding, Mr Pyne said. 

The government would also look at changing the tax act to encourage angel investors to fund start-ups.

Mr Pyne said the government's innovation agenda would contain short, medium and long-term policies to make the Australian economy more creative and agile. 

Related news & editorials

  1. 19.10.2021
    19.10.2021
    by      In
    Federal Opposition Leader Anthony Albanese visited leading Australian manufacturer DECO Australia on Thursday 7 October 2021.
    The Opposition Leader visited DECO to learn more about the company’s innovative manufacturing, processes and products, as well as to discuss issues faced by Australian SME... 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. 18.10.2021
    18.10.2021
    by      In
    The Australian Made Campaign is thrilled to announce that the iconic Australian Made, Australian Grown (AMAG) kangaroo logo is now a registered trademark in Japan and protected under local Japanese law.
    The symbol’s registration in Japan further protects the logo in the Japanese market, with... Read More
Products
Suppliers