The BCA strongly supports government policies aimed at enhancing innovation success in technological research-based breakthrough innovation, in particular policies which build a strong science and research base in the public sector. In examining what innovation involves and how it is achieved, it is necessary to take account of the activities and influences in a broad context, particularly when analysing future opportunities for Australia.
The BCA is concerned that there is a perception throughout the community, and in policy-making circles in Australia, that major technological product innovation is the only form of innovative activity occurring in the economy. This widely held perception has resulted in an innovation policy framework in Australia that is too focused on a linear, technology-push concept of innovation.
The submission argues that future policy must support both research and development activities, and the broader range of activities that contribute to innovation, including activities that involve the application of existing knowledge in new and different ways.