Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Review measures nation's innovation strengths and weaknesses



Download PDFDownload PDF

SENATOR THE HON ARTHUR SINODINOS AO MINISTER FOR INDUSTRY, INNOVATION AND SCIENCE SENATOR FOR NSW

07 February 2017- EMBARGOED TO 12AM TUESDAY 7 FEBRUARY

Review measures nation’s innovation strengths and weaknesses

A review of innovation, science and research in Australia has confirmed the nation is good at creating knowledge, but could be stronger when it comes to applying it.

Innovation and Science Australia (ISA) today presented the Performance Review of the Australian Innovation, Science and Research System to the government.

The Performance Review identifies what is being done well, and what can be improved on, in the Australian Innovation, Science and Research System.

ISA examined the overall strengths and weakness of the system’s activities in the areas of knowledge creation, knowledge transfer, and knowledge application through the lens of innovation enablers.

The review broadly agrees with previous domestic and international findings - that, as a nation, we are good at coming up with clever ideas but we could be better at transferring them into tangible outcomes.

A feature of the review is a new scorecard that includes a selection of 20 metrics to measure the Australia System’s performance over time.

The scorecard compares the performance of the Australian innovation and science system to those of other OECD+ countries (the 35 OECD member countries in addition to China, Taiwan and Singapore) and provides a baseline to measure progress.

Innovation and Science Australia will use the Performance Review’s findings as a basis for advice for the government through its 2030 Strategic Plan.

The board has started work on the plan, which will set out a long term strategic direction for the Australian Innovation, Science and Research system and identify priorities and specific areas for investment and reform.

The government recognises that creating an environment conducive to innovation is important for growing the economy.

Innovation is central to the government’s agenda for boosting growth and continuing to create new jobs and industries and improving the quality of life.

Media Contacts: Nat Openshaw 0409 049 128