Mobilising the innovation process: targeted support to convert good ideas into results
Innovation is for everyone; it influences our way of life in our home, at work and at play. We instinctively look for ways to improve every aspect of our lives.
Innovation is a sociable enterprise; it does not flourish in isolation. It grows from a collaborative effort calling on our pool of ideas, expertise and resources available to us both locally and internationally. The Queensland Government will encourage and support the free exchange of ideas and the development of communities of innovators, by linking grants to business and industry participation and commercialisation results. We will also distribute the benefits of our knowledge and innovation.
Innovation in industry is also a cascading, multi-step process that starts with an idea or a hunch, followed by research and development, commercialisation, and perhaps most importantly, technology diffusion. The willingness of Queensland business to engage and invest in the innovation process is essential to its success. Business and industry need to work together with research institutions and increase their investment in research and development: this will, in turn, attract increased research and development investment from other sources. Entrepreneurial flair combined with business savvy is a necessary feature of successful innovative enterprise.
Clarity of purpose, combined with the right infrastructure and the right people, is also necessary to support and bolster the innovation process for our existing industries and emerging industries.
The Queensland Government’s Research and Development Priorities will continue to guide our investment in research and development. Within these broader priorities, we will concentrate on areas richest in technological opportunity and that link to Queensland’s existing or emerging competitive advantages defined by our unique strengths. This will give Queenslanders the best return for a healthy economy, environment and society. Funding priorities will be determined in partnership with the research sector and industry.
Last reviewed 19 January 2006