Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
The House of Representatives' Standing Committee on Science and Innovation has tabled the report of its inquiry into Pathways to Technological Innovation highlighting a number of impediments to innovation in Australia.
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.
David Bass
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