The government’s $1.1 billion innovation agenda – a trademark of the Turnbull regime – was unveiled in December under the catchphrase ‘the ideas boom’. Relative to this, the Turnbull government is to devote a further $28 million into its annual advertising budget to pitch its innovation agenda and trigger a culture shift in the country. Last year, Australia’s dwindling global innovation rankings spurred an interest in the need for a philosophy change related to risk-taking, new ideas and business failure. Consequently, […]
Indeed, the start of a new year often signifies the beginning of an onslaught of resolutions. Whilst breaking a coffee addiction, hitting the gym or eating clean are often the personal innovations that plague resolution lists, the goals of a company shouldn’t be left off the agenda. In particular, innovation, much like resolutions, helps to refresh, reinvent and re-energise companies. In light of Turnbull unleashing his plans for an ‘ideas boom’ last month, Australia is somewhat playing catch-up in cultivating a […]
From the cochlear implant and the first ultrasound scanner to wi-fi and penicillin, Australia has indeed developed highly innovative products in the high-tech and medical sectors. However, while these industries are traditionally associated with the mere mention of ‘innovation’, they do not encompass our whole economy. In Australia particularly, high-tech manufacturing contributes to less than 1 per cent of Australia’s total output. Hence, Turnbull’s mission to improve Australia’s reputation as an innovative country will entail a broader emphasis on innovation by business […]
Although being brought to public attention in modern times by celebrities such as Michael J.Fox and Muhammad Ali, knowledge around Parkinson’s disease still remain relatively unknown. One in every 200 individuals will be diagnosed with Parkinson’s disease and the reason why the disease develops, or a cure, remains unidentified. In fact, it is the second most common neurodegenerative disease and affects over seven million people worldwide. In light of trying to find a suitable cure, Australia has been chosen to […]