Stimulating innovation in Western Australia: laying the foundations

Research output: Book/ReportOther output

Abstract

Innovation is central to competitiveness and productivity in the State economy for both traditional and emerging economic sectors and has underpinned WA’s remarkable economic growth. However, in recent years the State’s innovation performance has lagged by comparison with other States and this decline is even more concerning when placed in an international context where Australia has relatively low levels of innovation efficiency and collaboration between research and industry.
This report reflects TIAC’s desire to see a culture of innovation in WA to support economic diversity and growth. Its aim is to assist the West Australian State Government (WA Government) in addressing the key questions: “What do we need to do, and where should we focus our resources and attention to stimulate innovation in business, government and community sectors?” Knowledge will be essential in developing strategies, knowledge of the competencies that exist and are growing in Western Australia, the sectors the competencies support, cross sectoral linkages and where there is existing concentrations of industry providing a foundation for a cluster.
The recommendations guide and inform development of innovation policy responses aimed at strengthening and diversifying the State’s economy. TIAC believes that clusters of increasing innovative capability are one of the most effective environments for innovation to be sparked, driven and converted to improved productivity, new commercial assets and increased economic value. Innovation can and does happen in isolation, but the successful outcome can face greater challenges. Collaboration, cooperation and support will drive greater success.
Original languageEnglish
Place of PublicationPerth, WA
PublisherWestern Australian technology and Industry Advisory Council (TIAC)
Commissioning bodyTIAC
Number of pages23
Publication statusPublished - Jul 2016

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