Large international companies bring jobs to Australia in terms of sales, marketing and customer support. However, more jobs could be created if they also increased their R&D spend here. Why should multinational corporations undertake R&D in Australia? First off, they can take advantage of our top graduates. Australia has eight universities among the top 200 in the world and numerous companies are already partnering with Australian universities to develop innovative products. However, compared with countries like Korea, Germany, Israel and the […]
The Grain Research and Development (R&D) Corporation (GRDC) has announced a major contribution to the establishment of facilities at the South Australian R&D Institute’s (SARDI) new Clare Research Centre. SARDI has received a $270,000 R&D Infrastructure Grant to build a controlled environment growth room at the new research centre. In addition to this grant PIRSA-SARDI has also contributed $30,000 to the controlled environment growth room project. The following R&D grant is part of the $15 million funding which the GRDC […]
Innovation and Science Australia (ISA) stated in the ‘Australia 2030: Prosperity Through Innovation’ report that artificial intelligence, notably cyber-physical systems such as the Internet of Things, represents a major opportunity for the Australian economy. The agency stated that the Digital Economy Strategy, to be released later in the year, should aim to make Australia a leader in the research and development of AI and machine learning. It suggested that the public sector trial innovative digital technologies, as an increase in […]
The Institute of Patent and Trade Mark Attorneys of Australia (IPTA) has stated that the government’s proposed abolition of the innovation patent system will “seriously disadvantage Australian SMEs attracting finance to commercialise their innovations by removing the simplest and lowest cost means of protecting their intellectual property.” The Innovation Patent System (IPS) was introduced in 2001 to encourage local SMEs to innovate. In 2016, over 2,000 applications for innovation patents were filed. The IPS allows Australian inventors and SMEs to protect […]