Government’s national innovation and science agenda

Innovation statement

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.

PwC’s perspective on the Government’s national innovation and science agenda

Download a summary of the key themes in the Government’s ‘innovation statement’ and PwC's initial response to them.

View report.

Innovation Statement

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:

  • Culture and capital by encouraging Australians to embrace risk and invest in start ups;
  • Collaboration between businesses, universities and researchers to commercialise ideas;
  • Talent and skills to build a future-fit workforce and attract innovative talent; and
  • Government as an exemplar to use technology and data to deliver better quality services.

Contact us

Sammy Kumar
Sammy Kumar, Managing Partner, Firm Strategy and ASEANZ Consulting
Tel: +61 3 8603 2638
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Trent Lund
Partner, Innovation & Ventures Leader
Tel: +61 (2) 8266 0686
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Kristin Stubbins
Partner, Market Segments Leader
Tel: +61 2 8266 2208
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Troy Porter
Partner, Deals Leader
Tel: +61 2 8266 7516
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Sue Horlin
Partner, Human Capital Leader
Tel: 612 8266 2549
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