The Government has released its response to Innovation and Science Australia’s (ISA) Australia 2030: Prosperity through Innovation (2030 Plan).
The release of the National Innovation and Science Agenda in 2015 framed the national discussion about what our economy needs to help business continue to grow, increase productivity, and create more and better paying jobs for all Australians.
The Government welcomes the ISA Board’s contribution to this discussion and its vision for Australia to be a top tier innovation nation by 2030.
The Government’s response provides a strong endorsement of the 2030 Plan’s recommendations.
In the 2018-19 Budget, we implemented a number of the recommendations, including:
- $1.9 billion over 12 years in additional, long-term funding for national research infrastructure.
- $500 million over 10 years in the Genomics Health Futures Mission.
- $500 million in the Great Barrier Reef, including $100 million for world-leading coral reef research to support the Reef’s resilience and adaptation.
- Investment in artificial intelligence, skills development and export competitiveness as part of our broader $2.4 billion investment into research, science and technology.
- The Global Talent Scheme pilot, announced in March, to ensure we attract the best and brightest from around the world to drive world-leading Australian innovation.
- An additional $4.5 million over four years to support women in science, appointing a Women in STEM Ambassador, developing a Women in Science Strategy and supporting the Academy of Science to develop a Decadal Plan for Women in Science.
- Providing $65 million to establish the Consumer Data Right, including through open banking, as well as to create a National Data Commissioner to oversight the implementation of our earlier commitment to improve access to government-held data, while protecting individual privacy and ensuring ethical use.
- The Better Data to Track Innovation in Australia initiative, which will give us a clearer picture of how Australian innovation is tracking and where there is room to improve.
- An Independent Review of the Australian Public Service to develop long-term reforms to ensure the public service is best placed to serve Australia into the future.
Minister for Jobs and Innovation, Michaelia Cash thanked the ISA Board, chaired by Bill Ferris AC, for its work.
“The Government recognises the critical need for businesses to innovate in order to boost growth and create jobs. Research and innovation is also central to improving our quality of life,” Minister Cash said.
“The 2030 Plan has already greatly informed the Government’s investment decisions and will continue to do so.”
“Our recent commitments build on existing science, research and innovation investments, including through the NISA, which are already reaping rewards from investment opportunities through to addressing inequity issues for women working in STEM sectors.”
“We will continue to work with ISA to ensure innovation, science and technology drive the best economic outcomes for Australia, help us remain globally competitive and ensure we have the skills and jobs we need to prosper now and into the future,” said Minister Cash.
Source: Australian Government