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Industry Specific Issues

Could a Manufacturing Patent Regime Aid Australia’s Competitiveness?

May 20th, 2016

The innovation statement, released in December, unveiled a $1.1 billion plan to foster innovation with 24 new measures across 11 different Government groups. Certainly, the plan is wide-ranging; however, it falls short on delivering a globally competitive commercialisation model – an area in which Australia is struggling. To clarify, the 2015 Australian Innovation System Report, released by the Department of Industry, Innovation and Science, stated that Australia is exceptional when it comes to research, but the nation is still struggling to commercialise […]

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Greens Call for Increased Agriculture R&D in Their 2016 Election Policy

May 19th, 2016

As Australia barrels towards an election on July 2, major parties have been announcing excerpts of their policies as the week progresses. Most recently, the Greens have unveiled their election policy for 2016, boasting a large focus on agriculture and abandoning the higher taxes for working holidaymakers (“backpackers tax”). However, the centrepiece of the Green’s policy was a pledging for extra funding for research and development (R&D) and Landcare. In specific, the party is aiming to convert farmer voters with a promise to […]

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Big vs Small Companies: Who Spends More on R&D in Australia?  

May 13th, 2016

Research and development (R&D) by small companies is thriving, providing positive news for Prime Minister Malcolm Turnbull’s drive for businesses to be more innovative in the post-mining boom. To elaborate, new findings in the federal budget papers reveal that small companies spend proportionally more of their revenues on research and development than large ones. In specific, companies with turnover of less than $20 million are the key attributors to the surge in R&D spending in Australia. The federal budget further forecasts that […]

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Bill Ferris Calls for Stronger R&D Collaboration Ties

May 11th, 2016

Undeniably, research and development occurs in universities and in businesses – but there remains little connection between the two. Bill Ferris, chair of the federal government’s Innovation Australia, shared similar views when he spoke at a seminar in Sydney hosted by the Young Presidents’ Organisation this week. Specifically, he proposes that Australian business needs to step up its ties with universities and research organisations. Ferris further goes on to state that Australia ranked last in the list of 26 OECD […]

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