Commercialisation, Collaboration and Engagement to Grow Productivity and Create New Opportunities
Enterprise • Government • Higher Education
The Australia of the future has to be a nation that is agile, that is innovative, that is creative.
- The Hon Malcolm Turnbull, Prime Minister
Australia's $ 32 billion annual public spending on research yields a research output that ranks in the top eight in the world, according to the 2015 World Economic Forum competitiveness rankings.Yet Australia ranks a poor 25th in its capacity for innovation – turning those ideas into businesses - according to the WEF, and a miserable last out of 34 Organisation for Economic Co-operation and Development countries for collaboration between publicly funded researchers and industry.
Science and Innovation is at the top of Prime Minister Turnbull’s agenda and he is already taking steps to ensure that it is allowed to flourish. He recently summoned university and research agency chiefs to a private meeting aimed at finding ways to drive more industry collaboration and innovative businesses. This is one of the first steps taken by Mr Turnbull to increase the government's focus on innovation to create jobs and prosperity.
With this in mind, Research Innovation 2016 is being developed to bring together Universities, Industry and Government stakeholders to discuss a game plan to build research commercialisation, collaboration and engagement to grow productivity and unlock new opportunities in a changing economy.
The program will address the following themes: