Kim Carr's release last week of our new directions for innovation is another example of powerful policy development on our side of politics.
Australia must become smarter in the way it plans, acts and integrates areas of knowledge generation, business research and development incentives, technology take-up, international collaboration, government procurement, university-business links, improving the skills base, establishing innovation priorities, strengthening national governance and streamlining of programs.
Our key initiatives include:
■ Investing up to $200 million over four years to establish 10 Enterprise Connect innovation centres to connect business people with new ideas.
■ Restoring the chief scientist to a full-time position, recognising the fundamental contribution science makes to the nation's wellbeing.
■ Establishing industry innovation councils for key sectors to support a strategic and long-term approach to innovation, and to ensure that Labor's innovation initiatives meet industry needs.
■ Bringing the key policy areas of industry, innovation science and research together within one department.
With these initiatives, Australia can not only compete more effectively on a global scale, but lead the world in both introducing new inventions and taking clever ideas in one field and applying them to others. This will mean enhanced productivity, generation of export dollars that drive real value through the economy, and the construction of new employment sectors based on a more skilled and creative workforce.
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