When it comes to science and Research and Development, other countries are hitting the accelerator while Australia is shifting into reverse. During the Prime Minister’s prizes for Science, held at Parliament House last October, Tony Abbott delivered his speech in front of Australia’s best and brightest minds and left the stage with a barely audible applause. Abbott, who had been in office for just over a year, was surprised he received some form of applause after his Government implemented drastic […]
As the 2014 G20 Leaders Summit drew to a close in November, the final statement from the nations representatives called for enhancements to Australia’s economic growth achieved through the “promotion of competition and innovation and the coordination of strategies to reduce unemployment, particularly amongst youth, through entrepreneurship”. While it may sound prospective, this theme of driving economic and job growth through entrepreneurship isn’t new. A 1979 report by Professor David Birch of MIT, titled ‘The Job Generation Process’, recommended government […]
Western Australia’s manufacturing sector could be shaken up as the state’s peak business lobby looks into boosting the international competitiveness through significant reforms. Some of the proposed changes include slashing the company tax rate to 25%, increasing R&D incentives and privatising electricity assets. Further, the Chamber of Commerce and Industry of Western Australia (CCIWA) is releasing a key report on Thursday, titled The Future of Manufacturing, following the decade of significant expansion in WA that benefitted manufacturers. The report entails […]
If you are an entrepreneur, inventor or business owner trying to take your unique intellectual property to market, one of the toughest challenges faced is the commercialisation process. Accelerating Commercialisation is a key offering under the Entrepreneurs’ Infrastructure Programme (EIP) and works through an Expression of Interest (EOI) process. The key objective is to promote business growth and competitiveness through support for business improvement and economic growth. Minister for Industry Mr Macfarlane has commented on the commericialisation process for small […]