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How to Make Innovation More Than a Buzzword

January 13th, 2016

‘Innovation’, the term alone has somewhat formed a place in the Australian vernacular in recent months. The buzzword skyrocketed into popularity when Prime Minister Malcolm Turnbull issued its National Innovation and Science Agenda last month, detailing plans to increase innovation, entrepreneurship and reward risk tasking. However, while endorsing start-ups and STEM is important, corporate Australia must not be left behind. Hence, how can companies in Australia make innovation more than just political jargon? To begin with, to transfer innovation into […]

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Is an Advertising Campaign the Answer to Australia’s Innovation Culture Shift?

January 12th, 2016

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, […]

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Why R&D Should Be on Your Company’s New Year Resolution List

January 11th, 2016

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 […]

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How Innovation Isn’t Limited to Just High-Tech Industries

December 21st, 2015

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 […]

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