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Australia needs to work harder to capture opportunities in the global innovation system, according to the Executive Director of the HC Coombs Policy Forum at Crawford School.
On Tuesday 12 November, Dr Mark Matthews will join a panel of experts, including Iarla Flynn, Head of Public Policy, Google Australia, Dr Jim Minifie, Productivity Growth Program Director, Grattan Institute and Brad Krauskopf CEO, Hub Australia and Australia’s Small Business Ambassador for 2013.
The panellists will discuss how the adoption and adaptation of global innovations can strengthen the Australian economy, addressing issues such as how smart ideas spread, what are today’s smart ideas and what policies will speed the spread of these ideas.
Matthews said that Australian industry, academics and policymakers need to grasp the global picture to understand how innovation works rather than frame the issues simply around perceived shortcomings in our domestic ability to invent and innovate.
“Innovation is about much more than simply taking Australian inventions to market.
“Even though we are a small player in the global innovation system, there are major opportunities for Australia to leverage these international developments as a source of competitive advantage,” Matthews said.
Matthews stressed that innovation activities form part of the ‘transnational value chains’ that link the world’s economies together. Given this, it is essential that policymakers recognise the importance of these value chains as way of having a more integrated approach to trade policy, innovation policy, productivity growth and competitiveness that reflects business realities.
“The global economy is a complex web of these transnational value chains, chains in which individual national economies, major cities and the regions within those economies must earn and work hard to maintain their place. “We would therefore be wise to do more to align innovation policy with these business realities – invention, adoption and adaptation are all complementary dimensions of how we win and retain our position in global value chains.”
Date: Tuesday 12 October, 2013
Venue: Coombs Lecture Theatre, HC Coombs Building 9, Cnr Fellows Road and Garran Road, ANU
For more information and to register: https://crawford.anu.edu.au/events/2959/spreading-smart-ideas-policy-pri...