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The Australian Government's Innovation Report

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FIGURE 16: Investment in new equipment as a percentage of GDP compared to the OECD average<br />

100<br />

Percentage difference from the OECD average<br />

80<br />

60<br />

40<br />

20<br />

0<br />

-20<br />

-40<br />

-60<br />

Slovak Republic<br />

Czech Republic<br />

Greece<br />

Switzerland<br />

Hungary<br />

Korea<br />

Japan<br />

New Zealand<br />

Italy<br />

Mexico<br />

Austria<br />

Australia<br />

Denmark<br />

Portugal<br />

Poland<br />

Germany<br />

Sweden<br />

Spain<br />

Canada<br />

Iceland<br />

United States<br />

United Kingdom<br />

Netherlands<br />

Luxembourg<br />

Norway<br />

France<br />

Finland<br />

Ireland<br />

Source: OECD. Data from 2004.<br />

Collaboration<br />

Collaboration Activity of Innovators<br />

Collaboration has become an important strategy for innovation success in some instances because it allows<br />

firms to pool their economic and knowledge resources. <strong>The</strong> ABS innovation survey, mentioned earlier, has<br />

allowed a new collaboration measure to be included in the 2006 scoreboard. Figure 17 shows the percentage<br />

of innovating businesses (those which have introduced new or significantly improved goods, services or<br />

processes) that also have engaged in collaboration activity. Australia ranked 6 th out of the 16 European<br />

countries where comparable data were available and significantly (55%) above the average.<br />

FIGURE 17: Percentage of innovating businesses with collaboration activity as a percentage difference from the EU average<br />

200<br />

Percentage difference from the EU average<br />

150<br />

100<br />

50<br />

0<br />

-50<br />

-100<br />

Finland<br />

Norway<br />

Denmark<br />

Luxembourg<br />

Sweden<br />

Australia<br />

France<br />

Iceland<br />

Netherlands<br />

Greece<br />

Belgium<br />

Austria<br />

Germany<br />

Portugal<br />

Spain<br />

Italy<br />

Source: ABS and EuroStat. <strong>Australian</strong> Data is from 2003, European countries Data from 1998-2000.<br />

138 Backing Australia’s Ability

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