Industry-Innovation-and-Competitiveness-Agenda

Recommendations

Info

Co In Industry Innovation and Competitiveness Agenda TPO00007 Ambition 4: INDUSTRY POLICY THAT FOSTERS INNOVATION AND ENTREPRENEURSHIP The Government is reshaping industry policy and focusing our research spending to stimulate innovation and entrepreneurship, improve competitiveness, and create new job opportunities for Australians. Industry policy will seek to capitalise on Australia’s strengths, in contrast to past approaches that supported industries that proved to be uncompetitive. The Government will no longer borrow money to give to big business, whether to prop up failing businesses or to compensate for bad taxes, such as the Carbon Tax. In the 2014-15 Budget, the Government announced the end of decades of special assistance for the automotive and textile, clothing and footwear manufacturing sectors. The Government intends to foster excellence, not entrench dependence, and to tailor industry policy to help capitalise on emerging opportunities. The broadly-based reforms of our first three ambitions focus on improving the general business environment and will remain the mainstays of efforts to lift competitiveness. However, we believe the Government also has a facilitation and coordination role so businesses can take better advantage of quickly evolving opportunities. Government support can help businesses to build the skills and connections they need to grow, by overcoming the difficulties some businesses face in developing new capabilities by themselves. For example, small and medium enterprises face challenges in obtaining useful information about overseas markets and about the detailed requirements to sell into global supply chains. It is often not a lack of information; it is finding the right information and separating the wheat from the chaff that takes time. Specialised government agencies such as the Government’s new Single Business Service and Companies do the hard yards for success after government assists with early hurdles Narrowcasters, an audio tour company, produces multilingual, interactive audio guides and apps for tourist attractions including museums, galleries, zoos and palaces. Narrowcasters received support from Austrade in India to identify and facilitate meetings with key Government officials and business contacts. But success ultimately required hard work, networking and knowing the market. Founder and Director, Penny Street, says ‘being the first audio tour company in India didn’t mean we enjoyed instant success’. The company researched the country’s most visited sites and made the case for how an audio guide could add value to the experience of visitors. In India, Narrowcasters operates audio tours in 28 languages, and have been heard by 5 million visitors over the last 12 years. 68 Industry Innovation and Competitiveness Agenda
Austrade provide reliable information about markets, technology and business models to small and medium enterprises, accelerating industry growth and job creation. Much of this information is akin to a public good, where its use by one enterprise does not preclude use by another. This could cause it to be under-supplied and under-utilised without effective government action. The Government has already taken significant steps to overhaul its approach to industry assistance, focusing on the way business connects with government and the services that government offers businesses. The Government is working to streamline access to essential information for all Australian businesses, instead of generating a myriad of services and access points. Delivered through an improved business.gov.au website and hotline, the new Single Business Service will enable businesses of all sizes to efficiently find the information and services they require. This includes information on regulations in Australia and overseas, information about market opportunities flowing from free trade agreements and insights into business improvement strategies. The 2014-15 Budget also contained new programmes to help established businesses grow and new businesses establish themselves in the marketplace, and to help businesses train staff with the skills they need. The $484.2 million Entrepreneurs’ Infrastructure Programme, which includes an allocation of $92.4 million for the Single Business Service initiative, will support the commercialisation of good ideas and lift the capability of businesses to capitalise on emerging opportunities. The aims of the Programme are consistent with the Chief Scientist’s recent call to support the translation of STEM discoveries through readily accessible mechanisms for industry to link to STEM professionals. The Programme, which will be delivered through the Single Business Service, will: • provide market and industry information, including business management advice from experienced private sector experts; • help small and medium businesses become more competitive by working with the research sector to develop new ideas with commercial potential, as well as to help identify any knowledge gaps that are preventing business growth; • provide support of up to $50,000 for small and medium enterprises to engage university or science agency (e.g. CSIRO) researchers on specific projects; • help start-ups commercialise their good ideas with advice from experienced entrepreneurs to facilitate connections with customers and investors; and • offer funding, on a highly competitive basis, to support activities such as proof of concept and prototyping. Industry Innovation and Competitiveness Agenda In Co TPO00007 The Reform Agenda: Ambition 4 69
Page 1 and 2:
Industry Innovation and Competitive
Page 3 and 4:
Industry Innovation and Competitive
Page 5 and 6:
Foreword Strengthening Australia’
Page 7 and 8:
The Government’s economic vision
Page 9 and 10:
Box 1: Key Initiatives • Encourag
Page 11 and 12:
Ambition 1: A lower cost, business
Page 13 and 14:
y improving regulatory certainty, t
Page 15 and 16:
Ambition 2: A MORE SKILLED LABOUR F
Page 17 and 18:
ecommendations of an Independent In
Page 19 and 20:
Ambition 3: BETTER ECONOMIC INFRAST
Page 21 and 22:
Ambition 4: INDUSTRY POLICY THAT FO
Page 23 and 24:
Part A THE CASE FOR REFORM
Page 25 and 26:
Chart 1: The growth of emerging Asi
Page 27 and 28:
The changing global economic landsc
Page 29 and 30:
Chart 5: Overseas investment 2,500
Page 31 and 32:
United States, Japan and the United
Page 33 and 34:
Box A1: Industries with promise 1.
Page 35 and 36:
6. Innovative pharmaceuticals, biot
Page 37 and 38:
Many of our competitors have recogn
Page 39 and 40: • Better management practices - w
Page 41 and 42: including on Energy, Taxation, Agri
Page 43 and 44: Part B THE REFORM AGENDA
Page 45 and 46: competition with private businesses
Page 47 and 48: More generally, while there is a ca
Page 49 and 50: Ambition 1: A lower cost, business
Page 51 and 52: The Government’s Deregulation Age
Page 53 and 54: Further Proposals Proposal 1: Accep
Page 55 and 56: whether coverage by a single nation
Page 57 and 58: The Government is committed to a be
Page 59 and 60: Improving access to high-quality, l
Page 61 and 62: services and technology. These alig
Page 63 and 64: The Government considers that Austr
Page 65 and 66: The Government is focused on promot
Page 67 and 68: Ambition 2: A more skilled labour f
Page 69 and 70: A number of the other themes raised
Page 71 and 72: Vocational education and training t
Page 73 and 74: Further proposals Proposal 9: Incre
Page 75 and 76: • managing the administration of
Page 77 and 78: The Government will continue to ens
Page 79 and 80: • introduce a Premium Investor vi
Page 81 and 82: a right to access workplaces includ
Page 83 and 84: Ambition 3: BETTER ECONOMIC INFRAST
Page 85 and 86: Increasing public investment in eco
Page 87 and 88: Alongside this work, the Government
Page 89: To leverage private investment, the
Page 93 and 94: and senior Cabinet Ministers to pri
Page 95 and 96: • taking practical steps with gov
Page 97 and 98: However, we face challenges in turn
Page 99 and 100: Employee Share Schemes (ESS) are us
Page 101 and 102: Example: Making it easier for emplo
Page 103 and 104: Proposal 16: Crowd-sourced equity f
Page 105 and 106: PART C: IMPLEMENTING OUR ECONOMIC A
Page 107 and 108: Many of the drivers of competitiven
Page 109 and 110: Table 3: Consultation pathways Refo
Page 111 and 112: Reform Consultation pathway Project
Page 113 and 114: Abbreviations AND References
Page 115 and 116: INSEAD KPMG LNG PAYG NCC NCVER NICN
Page 117 and 118: ABS. (2014j). Labour Force, Detaile
Page 119 and 120: Business Council of Australia. (201
Page 121 and 122: Department of Infrastructure and Re
Page 123 and 124: Lignier, P., Evans, C., & Tran-Nam,
Page 125 and 126: Prime, P. B. (2012). Utilizing FDI
Page 127 and 128: United Nations Food and Agriculture
Page 129 and 130: © Commonwealth of Australia 2014 9
Page 131 and 132: Co In Industry Innovation and Compe
show all

Industry-Innovation-and-Competitiveness-Agenda

Create successful ePaper yourself

Delete template?

Save as template?