Review of Australia's national innovation system

The Minister for Innovation, Industry, Science and Research, Senator Kim Carr, has announced a review of Australia's national innovation system.

The Review Panel will identify gaps and weaknesses in the innovation system and develop proposals to address them. In particular, it will:

• Identify a set of principles to underpin the role and participation of the public sector in innovation.
• Develop a set of national innovation priorities to complement the national research priorities, ensuring the objectives of research programs and other innovation initiatives are complementary.
• Identify regulatory and other barriers to innovation and recommend ways to minimise these.
• Examine the scope for simplifying and reducing program duplication and ensuring that any support provided is well-targeted and easy to access.
• Consider the appropriateness, effectiveness and efficiency of the Research and Development (R&D) Tax Concession Scheme in promoting innovation and make recommendations to improve innovation outcomes.
• Consider ways to improve the governance of the national innovation system to support higher expectations of government agencies and industry.
• Assess the appropriateness, effectiveness and efficiency of the Cooperative Research Centres (CRC) Program and make recommendations to improve innovation outcomes.