Ambitious Australia Urges Rebuild Of Innovation System
A major independent review, Ambitious Australia, chaired by Tesla chairwoman Robyn Denholm and commissioned by the federal government in December 2024, was released Tuesday and finds Australia's research and innovation system 'broken' and needing bold reform. It documents falling R&D spending—1.69% of GDP in 2023-24, down from a 2008-09 peak of 2.24%—weak productivity and low manufacturing share, and offers 20 recommendations including a national innovation council.
Key Points
- 1Finds national research system failing; R&D spending fell to 1.69% of GDP in 2023-24.
- 2Highlights manufacturing decline and lowest OECD manufacturing share, undermining innovation investment and productivity growth.
- 3Recommends 20 reforms, national innovation council, and industry-research hubs to drive applied R&D and commercialization.
Scoring Rationale
High national relevance and official, evidence-based review boost score; limited technical specificity reduces immediate practitioner guidance.
Sources
Public references used for this report.
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