Australia’s innovation roadmap 2030

Innovation Science Australia has released its 2030 Strategic Plan.  The plan is a roadmap on how to develop the nation’s industry policies.

Below is a summary of the 30 recommendations made in the 2030 Plan:

  1. Strengthen training for pre-service and in-service teachers by investing in quality teaching that focus on a nationally agreed minimum number of annual hours in discipline-specific training, and monitor the entry standards for initial teacher education courses to include STEM teaching.
  2. Prepare students for post-school STEM occupations by exploring opportunities to encourage participation in STEM subjects in high school, as well as strengthen education skills such as hypothesis-driven problem solving, systematic enquiry and logical thinking.
  3. Improve transparency and accountability across the system including raising the national minimum standards in National Assessment Program – Literacy and Numeracy (NAPLAN).
  4. Review the Vocation Education and Training (VET) system and report back in 12 months on strategy to ensure it can be responsive to new priorities presented by innovation, automation and new technologies, and can be internationally competitive.
  5. Continue to expand and reform the VET system including linking VET student loan funding to employment outcomes, and encourage industry employers and VET providers to consult on identifying areas of expected skills shortages of potential high-growth sectors.
  6. Reverse the current decline in business expenditure on R&D by improving government support and ensuring, at a minimum, the total government support for science, research and innovation does not fall below its medium-term average of 0.63 per cent of gross domestic product, and implementing the recommendations of the 2016 Review of the R&D Tax Incentive
  7. Enhance efforts to help young firms access export markets by increasing funding for Export Market Development Grants
  8. Prioritise investment in artificial intelligence and machine learning in the medium- to long-term as outlined by the forthcoming Digital Economy Strategy
  9. Establish protocols including consumer data rights to maintain healthy levels of competition in knowledge-intensive industry sectors
  10. Strengthen efforts in talent attraction and skilled migration through continuing improving marketing to suitable talent, especially through Austrade
  11. Create a more flexible regulatory environment that fosters innovation by encouraging collaboration between all levels of government
  12. Encourage social innovation investment and financial returns in Australia by strengthening the existing policy environment
  13. Improve provision and use of open government data by developing government capability and capacity to deliver accessible, accurate and detailed public data
  14. Grow government procurement from SMEs by 33 percent by 2022, and ensure the Department of Innovation reports of the progress of this annually
  15. Increase the use of innovative procurement strategies such as establishing programs that promote, track and report on progress towards procurement practices that drive innovation, and develop contractual frameworks to facilitate procurement from startups and young firms
  16. Maximise spillover benefits of major government programs such as, for instance, how Defence Science and Technology Group is engaging with companies to develop prototypes
  17. Instruct the Digital Transformation Agency to explore opportunities to achieve half of the projected 12 percent of savings from digitising service delivery by 2022 and the balance by 2026.
  18. Review the Australian government’s Public Service on how it can play a greater role in innovation policy development, implementation and delivery
  19. Introduce a tax offset of up to 20 per cent to incentivise collaboration
  20. Evaluate the benefits of scaling-up industry higher degree through research placement programs
  21. Evaluate the impact of recent changes to incentivise collaboration in 2022 where the review should cover funding changes, progress on addressing the findings and recommendations of the Review of Australia’s Researching Training System, and progress on ensuring that university career paths allow for flexibility between industry and academia
  22. Increase commercialisation capability in research organisations by establishing a new stream of funding for translational activities
  23. Develop and release an Australian Innovation Precincts Statement to shape Australian Government involvement in emerging localised innovation ecosystems in cities and regions
  24. Establish secure, long-term funding for national research infrastructure
  25. Maintain a long-term policy commitment to a achieve greater gender diversity in STEM
  26. ISA to monitor availability of risk capital to high-growth businesses
  27. Establish a “National Mission” to help make Australia the healthiest nation
  28. Adopt a framework to continue to identify and implement “National Missions”
  29. Invest in developing a more effective framework to evaluate the performance of Australia’s innovation programs, including introducing a requirement that new government funding programs aimed at supporting innovation will dedicate 2 per cent of their budget for the evaluation of outcome
  30. Support the development of innovation metrics and methodologies to fully capture innovation and link it to economic, social and environmental benefits. In particular, request the Australian Bureau of Statistics (ABS) and the Department of Innovation to review business and research and development data collections to ensure they are fit for purpose; and commission an independent body to review existing innovation metrics.

Australia 2030: Prosperity though Innovation report



Categories: Economies, Innovation

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