AUSTRALIA’S
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GROWTH AND INNOVATION<br />
Cyberspace presents enormous opportunities for all Australian<br />
organisations. The internet is an essential tool for businesses of all<br />
sizes. As a platform, it delivers existing services and products, as<br />
well enabling the development of innovative technologies and new<br />
commercial opportunities. Equally, it underpins transformative<br />
change in the public, research and non-profit sectors.<br />
In the Asia-Pacific region, disruptive business models and the<br />
technologies that enable them—such as big data analytics, mobile<br />
internet, the Internet of Things and cloud computing—could<br />
create up to US$625 billion in economic activity per year by 2030,<br />
representing 12 per cent of the region’s total projected GDP.<br />
The Government’s commitment to cyber security will help<br />
businesses to diversify and develop new markets, laying the<br />
foundations for a prosperous future. To take advantage of the<br />
growing global market for cyber security services, the Government<br />
will also support Australia’s cyber security sector to expand and<br />
promote their capabilities to the global market. Domestically,<br />
strong cyber security services will encourage trust and confidence in<br />
Australian businesses operating online.<br />
With better focussed cyber security research and development<br />
that responds to the needs of industry and governments, Australia<br />
will generate investment and jobs and enhance our national cyber<br />
security. It will also make Australia a more attractive destination for<br />
business investment.<br />
Australia will position itself as a location for cyber security<br />
innovation by establishing a Cyber Security Growth Centre,<br />
through the National Innovation and Science Agenda. Creating a<br />
national network of research and innovation, the Growth Centre<br />
will bring together Australian governments, businesses, start-ups<br />
and the research community to define and prioritise cyber security<br />
challenges that are both critical to national success and those for<br />
which Australia has a leading ability to build globally competitive<br />
solutions. The Growth Centre will also link to existing cyber security<br />
innovation hubs overseas. The Growth Centre and its network will<br />
help strengthen our cyber defences as well as growing business<br />
opportunities and creating jobs. This includes through its connection<br />
with other initiatives in this Strategy such as the joint cyber threat<br />
sharing centres.<br />
Also through the National Innovation and Science Agenda, the<br />
Government is boosting the capacity of Data61—the Commonwealth<br />
Scientific and Industrial Research Organisation’s (CSIRO) digital<br />
powerhouse—to propel cyber security innovation, with a particular<br />
focus on support for cyber security start-ups and technical capability<br />
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