Innovation and Science Australia:
Prosperity through Innovation 2030
BHERT reviewed the Innovation and Science Australia report “Prosperity Through Innovation 2030” provided to the Government in November, and released publicly
in late January.
The ISA set of recommendations focuses on the role Government can play in prompting and supporting an increase in Business Expenditure on R&D (“BERD”) in Australia, by:
In support of these, the Report also urges the Government to:
The Report is not perfect nor will it satisfy everyone. However, it is largely in the right direction.
The ISA “Prosperity Through Innovation 2030” addresses many of the key issues for the Australian economy and society. The emphasis on BERD, the recognition of the need to build the workforce for the future, and the range of initiatives that will require collaboration between the higher education sector and companies, are well-directed and timely. The ISA recommendations support a broader engagement between companies and universities.
The Government will deliver its response to the ISA report later this year. A whole-of-Government position will be led by the new Jobs and Innovation Department.
Driving collaboration across business, industry and tertiary education.
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