Labor understands that creating the jobs of the future depends on the strength of our national innovation system.
Innovation is the key to Australia’s future prosperity. Most of the jobs of the future will be with companies that do not exist today or in industries that have changed dramatically to keep pace with rapid advances in technology.
A Shorten Labor Government will establish a new independent agency called Innovate Australia charged with accelerating economic growth, delivering critical innovation programs and providing expert advice to governments.
Innovate Australia will be modelled on the highly successful innovation agency in the UK, Innovate UK. Innovate Australia will be a new independent agency. It will be responsible for the administration and delivery of new innovation initiatives, along with existing programs.
Further information is available here.