An Innovation Ecosystem
creating jobs and ensuring the competitiveness of Australian industry
The Australian resources sector faces $100 billion of economic impact from disruptive technologies. Will we be just consumers of these technologies, or will we create them? Download our plan to create 10 innovative startup companies a year focused on the resource sector.
What is the problem?
The resources industry currently contributes 9% of Australia’s GDP and 48% of Australia’s exports. However, both decreasing productivity and a softening demand threaten this contribution.
What is the solution?
A sustainable technology innovation ecosystem will improve the competitiveness of Australian industry and drive substantial growth in the economy.
Productivity in the Australian Mining Sector/ Australian Government Bureau of Resources and Energy Economics (BREE) Discussion Paper Series 13.01, March 2013
“Innovations and technological progress are key drivers of productivity growth over the long term.Growth in innovations, a more skilled workforce, a faster rate of adoption of better off-the-shelf technologies as well as new technological breakthroughs would all likely assist in productivity growth of the Australian mining sector.”
How is it done?
We will adopt the successful innovation ecosystem model most commonly associated with the Silicon Valley. However, we will adapt the model to suit our own local strengths and opportunities.