As Australia celebrates 26 years of continuous economic growth, Innovation and Science Australia (ISA) releases their plan for Australia to further thrive in the global innovation race. ISA has released their report titled “Australia 2030: Prosperity through Innovation,” which provides a roadmap for governments to accelerate Australia’s innovation system by 2030. The report is a strategic plan to advise policy makers on how to accelerate innovation and optimise Australia’s innovation system. In planning towards 2030, innovation will continue to be […]
3D printing may become a key player when it comes to future innovation and growth and is often eligible for the R&D tax credit. Designers often buy 3D printers in order to build a new product and bring their designs to life, effectively allowing product designers to become manufacturers. These special printers increase the flexibility of production, allowing customised, low-volume and limited series to be created. This ability to print short runs rather than needing a minimum order quantity will […]
Australia’s Rank for Innovation “Input” and “Output” Research indicates that Australia underperforms when it comes to commercialising its strong research base. A recent OECD paper found that Australia is behind in the technology race for what is termed “innovation output,” or exchanging knowledge and developing ideas to address a specific problem. Despite this, Australia performed very well in relation to “innovation input,” or originating new ideas, due in part to its world-class research institutions, ranking 8th out of 36 for […]
In October 2016, Ford Australia permanently ended local manufacturing in Australia which consequently terminated the employment of 580 workers. Ford had been manufacturing locally for 91 years prior to this decision. In 2017, following from this decision, Ford transformed what was previously the Australian head office into the Asia Pacific Product and Development Centre. This newly created facility is the central hub for research and development, driving the innovation of products and mobility solutions, and producing state-of-the-art virtual design and […]