The Australian Government's Innovation Report

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FIGURE 11: Number of science graduates in employment per 100 000 employed 25–34 year olds compared to the OECD average Percentage difference from the OECD average 100 80 60 40 20 0 -20 -40 -60 -80 Finland Korea Australia France United Kingdom New Zealand Ireland Sweden Poland Slovak Republic Iceland Italy Denmark Japan United States Portugal Canada Norway Spain Germany Czech Republic Switzerland Netherlands Greece Belgium Mexico Austria Hungary Turkey Source: OECD. Data for 2004 or earliest available year. Finance Venture Capital The size of the venture capital market provides an indicator of the availability of investment capital for new businesses with prospects of above average returns for investors. This indicator covers investment in early stage and expansion venture capital as a percentage of GDP (but does not include management buyouts). In the 2006 scorecard, Australia’s venture capital investment as a percentage of GDP for Australia was 0.25%. Figure 12 shows that Australia ranked 2 nd in the OECD for venture capital as a percentage of GDP. 7 FIGURE 12: Investment in venture capital as a percentage of GDP compared to OECD average Percentage difference from the OECD average 200 150 100 50 0 -50 -100 Korea Australia United Kingdom Finland Iceland Spain United States Norway Canada Denmark Netherlands France Portugal Sweden New Zealand Switzerland Ireland Turkey Italy Austria Belgium Germany Japan Source: OECD, ABS. Data from 2003 or latest available data.. 7 Caution should be exercised when making direct country comparisons for this indicator. International standards are still in development so there may be considerable collection and methodology differences between nations. For this reason, it is beneficial to look at trend movements of Australia and the wider OECD as a whole and not at individual country comparisons. The small decrease in Australian investment in venture capital between the 2004 and 2006 scorecards contrasts with much larger falls in other OECD countries, with the result that Australia’s ranking has increased considerably. Chapter 4 - Australian innovation scorecard 135
Knowledge Diffusion Investment in ICT 8 The use of information and communication technologies (ICT) is recognised as a significant driver of economic growth and productivity improvements. In the 2006 scorecard, Australia’s level of investment in ICT as a percentage of gross fixed capital formation is 22.9%, a decrease from the 2004 scorecard level of 24.7%. Figure 13 shows, however, that Australia is ranked 4 th , and well above the OECD average. FIGURE 13: Investment in ICT as a percentage of business sector gross fixed capital formation as a percentage difference from the OECD average 80 Percentage difference from the OECD average 60 40 20 0 -20 -40 -60 United States Sweden Finland Australia United Kingdom Belgium New Zealand Denmark Canada Netherlands France Korea Italy Japan Germany Portugal Austria Norway Spain Greece Ireland Source: OECD. Data from 2003 or latest available year. Internet Users Another measure of the capacity for knowledge diffusion within a country is the number of internet users in the population. In the 2006 scorecard, Australia has 704 internet users per one thousand of the population, an increase over the 2004 and 2002 scorecards where Australia had 600 and 465 internet users per one thousand of the population respectively. Figure 14 shows that Australia performs strongly in this area, ranking 4 th and significantly (33%) above the OECD average. FIGURE 14: Internet users per 1 000 people compared to the OECD average Percentage difference from the OECD average 40 20 0 -20 -40 -60 -80 Iceland Sweden Denmark Australia Norway Korea Japan Finland United States Canada New Zealand Source: World Competitiveness Yearbook. Data from 2005. Portugal Swizterland Netherlands Austria United Kingdom Luzembourg Germany Belgium Ireland Italy France Czech Republic Spain Slovak Republic Hungary Poland Greece Turkey Mexico 8 Statistical revisions since the publication of the earlier scorecards have made this indicator more robust. For the 2002 scorecard, data for only nine countries were available while data for 18 countries were available for the 2004 scorecard. The 2006 scorecard incorporates data for 21 countries for comparison and due to revisions the data for 21 countries are now available for the years corresponding to the 2002 and 2004 scorecards. Interestingly, with the new data Australia held its 3rd ranking in the 2002 scorecard and actually improved its ranking from 6th to 3rd in the 2004 scorecard. This places the decrease of one position in its ranking that Australia experienced between the 2004 and 2006 scorecards into perspective. 136 Backing Australia’s Ability
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2006 07 The Australian Government
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ISBN: 0 642 77 675x ISBN: 0 642 77
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Enhancing industrial R&D 44 R&D Tax
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PRIORITY 3 - FRONTIER TECHNOLOGIES
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8 Backing Australia’s Ability
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FRDC GDP GERD GGAP GOVERD GRDC HECS
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12 Backing Australia’s Ability
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The year also saw significant outco
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The Australian Innovation Scorecard
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Table 1: Australian Government supp
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The Australian Government’s inves
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Sustaining funding for government r
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• Key to Australasian liverwort a
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Australian Institute of Marine Scie
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Coral gives new insight into changi
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• As part of the joint Careers in
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Developing meaningful, long-term co
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Defence Science and Technology Orga
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In 2005-06, Geoscience Australia st
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The majority of research-related pu
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The successful proposals represent
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In addition to the continued large
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Enhancing industrial R&D R&D Tax Co
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• improving the management of nat
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Food Innovation Grants Programme As
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Most facilities provide training pr
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Total funding for the ISL programme
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Improving research quality and acce
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PART 2 - Accelerating the commercia
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Pooled Development Funds The Pooled
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In 2005-06, $12.83 million was inve
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Table 9: Sectoral distribution of C
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Building on ICT strengths Advanced
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Other achievements included: • ge
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Seafood Services Australia Ltd An I
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Interest in ITOL and e-business rem
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• provision of a business develop
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Building links to facilitate commer
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Taking a closer look at stem cells
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Biotechnology Australia Public Awar
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• commercialisation seminars for
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Advancing SET skills Audit of Scien
Page 85 and 86: National Youth Science Forum The Na
Page 87 and 88: Mathematics and informatics In 2005
Page 89 and 90: Higher Education Loan Programme The
Page 91 and 92: Fostering entrepreneurship and awar
Page 93 and 94: Skilled Immigration Migration conti
Page 95 and 96: ANSTO’s Dr Tony Taylor with the m
Page 97 and 98: The millimetre wave radar stope mon
Page 99 and 100: Sustainable use of Australia’s bi
Page 101 and 102: New techniques assist exploration c
Page 103 and 104: Pushing the heater bank used to run
Page 105 and 106: The diagnostic tool uses a unique a
Page 107 and 108: The researchers anticipate that the
Page 109 and 110: Advanced materials Quick dry merino
Page 111 and 112: Promoting an innovation culture and
Page 113 and 114: Dairy for Tomorrow launch in Tasman
Page 115 and 116: David Griffin (left) and Andreas Sc
Page 117 and 118: Scientists are searching for an eff
Page 119 and 120: Clearinghouse-type websites are cur
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Page 123 and 124: The scorecard provides an overview
Page 125 and 126: Notes: 1. Australia’s ranking is
Page 127 and 128: FIGURE 1: Percentage change in the
Page 129 and 130: FIGURE 2: Australia’s innovation
Page 131 and 132: Compared to the 2004 scorecard Aust
Page 133 and 134: FIGURE 6: Number of scientific and
Page 135: FIGURE 9: Percentage of the workfor
Page 139 and 140: FIGURE 16: Investment in new equipm
Page 141 and 142: Percentage of Turnover Attributed t
Page 143 and 144: Conclusions The Australian Innovati
Page 145 and 146: Commonwealth State and Territory Ad
Page 147 and 148: • promoting and marketing industr
Page 149 and 150: Australian Bureau of Statistics The
Page 151 and 152: Informing the future House of Repre
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Page 155 and 156: Appendix 1: Major flows of funding
Page 157 and 158: Appendix 3: Overview of Australia
Page 159 and 160: Appendix 4: Backing Australia’s A
Page 161 and 162: Appendix 5: Overview of R&D in regi
Page 163 and 164: Appendix 7: National Research Prior
Page 165 and 166: CRC for Spatial Information http://
Page 167 and 168: Desert Knowledge CRC http://www.des
Page 169 and 170: ARC Centre of Excellence in Vision
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The Australian Government's Innovation Report

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