Innovation is about new and existing businesses creating new products, processes and business models. It is also about creating a culture that backs good ideas and learns from taking risks and making mistakes.
Innovation is important to every sector of the economy – from ICT to healthcare, education to agriculture, and defence to transport.
It is about tech entrepreneurs working on the latest product but, equally, about farmers using sensor technology to improve yields, or a business bringing new products to market.
Innovation keeps us competitive. It keeps us at the cutting edge. It creates jobs. And it will keep our standard of living high.
Australia is well-placed to take advantage of the opportunities presented by these exciting times. But to succeed, there are areas where we need to improve.
Visit the Australian Government’s Innovation website to find out more about the National Science and Innovation Agenda.