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Telecommunications Reps report on fostering innovation tabled
Telecommunications Reps report on fostering innovation tabled | Reps report on fostering innovation tabled |
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| by Stuart Corner | |
| Tuesday, 20 June 2006 | |
  
Key recommendations include: • Promotion of the Government assistance that is available to businesses; • Better fostering a culture of entrepreneurship in Australia; • Providing a scheme of matched Government - university funding to support projects at the proof of concept stage; and • Investigating mechanisms to direct more Government procurement to technological innovation from small & medium enterprises. The report concluded that "Australia performs relatively well internationally across a number of key innovation indicators, with a highly skilled workforce and a large number of foreign affiliates in manufacturing R&D. However Australia falls below the OECD average in our business expenditure on R&D and levels of patenting in the United States." The inquiry received more than 100 submissions and public hearings were held around Australia. Copies of the report can be obtained here. |
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