Why $30b in business innovation support is not working
Most Australian businesses are incapable of innovation, and an estimated $30 billion in federal support should refocus on finding entrepreneurs hungry to grow internationally, a new report has found.
Industry Innovation and Science Australia (IISA) found that Australia has a low competitive advantage – and high import competition – in most of the government’s new priority areas, such as renewables, defence technology, transport and medical science.
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