The report on the review of the national inovation system has been released!

There’s a lot to go through, so we’ll get to the detail over the coming days but, for now, the Minister for Innovation, Kim Carr’s overview gives an indication as to the outcome: -

“The Review provides an honest appraisal of Australia’s innovation effort and concludes that while our global competitors have been increasing their innovation efforts, our performance has been falling.

“If we are serious about unlocking Australia’s innovation potential, we all have to lift our game,” Senator Carr said.

The panel’s recommendations range across a number of key themes including innovation in business, strengthening people and skills, excellence in national research, information and market design, and taxation.

“We have every reason to be optimistic about our future – but to fulfil our potential we must embrace innovation,” Senator Carr said.

All the documents will be read and disected over the coming days - so stay tuned for a lot more info on this one.