Business Services Industry
Not so clever.
Australasian Business Intelligence, July, 2007
Byline: Tony Blackie
Jul 02, 2007 (BRW - ABIX via COMTEX) -- There is a general consensus that Australia lags behind most countries when it comes to innovation. Whereas the average among OECD countries is for 2.25 per cent of gross domestic production to be spent on innovation, Australia spends 2.1 per cent. There is also concern over estimates that more than $A10 billion per annum is spent on research that never gets commercialised. Professor Roy Green, the dean of the Macquarie University Graduate School of Management, says that Australia needs to begin using some of the "windfall gains" it is getting from the resources boom to invest in innovation while the money is still available.
Publication Date: 28 June 2007
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