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Western Australian Innovation Strategy
Western Australia has launched its first Innovation Strategy to grow its innovation sector and promote the State worldwide as a global innovation hub.
A four-pronged strategy to drive commercial success
The four-pronged strategy was announced in early November by Western Australia’s Innovation Minister Bill Marmion at an evening function in Kings Park as a curtain-raiser to the 2016 Western Australian Innovator of the Year awards, as pictured.
“The strategy is basically an enabler for people to drive their ideas to commercial success. It is the result of the Innovation Summit held in July and follows the government’s promise, in the May budget to commit A$20 million to the innovation sector.” Mr Marmion told the audience.
The strategy is focused on four main areas.
1. Talent and skills
2. Investment and infrastructure
3. Culture and collaboration
4. Marketing and promotion
“To reach these goals the State Government will during the next four years, allocate 95 per cent of the A$20 million innovation fund directly to start-ups, small SMEs, academia and the wider market, with the rest allocated to providing administrative support for the program,” Mr Marmion said.
“A particular focus will be on promoting Western Australia worldwide, as a gateway for innovators and start-ups, to market their products into the Asia Pacific region from within the State.” he said.
A copy of the strategy can be downloaded here >.