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Australia is a country committed to lifestyle and recreation. We have a great record of innovation, but much of it is commercialised overseas.
We need a vision for our future. Can business leaders can play a bigger role? Business is the major platform for wealth creation (and therefore prosperity) in Australia. But based on global indices, our performance is average. What can we do to improve it?
In Innovation in Australia: Creating Prosperity for Future Generations, Ben Kehoe discusses how Australian businesses can improve their rates of collaboration, commercialising our innovative Australian ideas here, rather than shipping them offshore, and how this can increase the prosperity of our nation.
• an intellectual property hub (where our intellectual property is generally licensed or sold offshore)?
• a business incubator (where any business of substance is sold to the highest bidder)?
• a business leader in some value-added industries, capitalising on the billions we have spent on R&D over so many years?
• a nation that has transformed itself from a service economy to a serious, high- technology industry hub for Asia and the world?