Australian businesses should carefully consider how they
can assist in implementing, funding, and monitoring the
recommendations set out in the 2030 Plan.
Australia is in a A$1.6 trillion global innovation race where
access to larger shares of global wealth, better jobs and
market-leading products and services is at stake, according to a
review conducted by Innovation and Science Australia. Released on
30 January, the Australia 2030: Prosperity through
Innovation strategic plan details why Australia needs to
improve its level of innovation and makes actionable
recommendations to the Australian Federal Government to achieve
this goal.
Why should Australia innovate now?
Australia's mining boom has largely been responsible for
powering the economy through two decades of uninterrupted economic
growth, enabling a diverse economy to thrive across both goods and
services sectors, and allowing Australians to enjoy a high standard
of living in terms of employment,
