Australia is facing a growth challenge, and the best way to spark growth is to create a a foundation for innovation and to support businesses to disrupt themselves and take risks. The Government’s national innovation and science agenda is a great framework to achieve this.
Below is a summary of the key themes in the Government’s national innovation and science agenda and their impact on business and the broader economy.
Download a summary of the key themes in the Government’s ‘innovation statement’ and PwC's initial response to them.
On Monday 7 December 2015, Prime Minister The Hon Malcolm Turnbull MP and Federal Minister for Industry, Innovation and Science, The Hon Christopher Pyne MP, released a national innovation and science agenda that aims to “create a modern, dynamic, 21st century economy for Australia”.
The Government will invest $1.1bn to incentivise innovation and entrepreneurship, reward risk taking, and promote science, maths and computing in schools. It will specifically focus on:
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