A National Innovation and Science Agenda was launched by the Prime Minister on 7 December. See http://www.innovation.gov.au/page/agenda. This has many elements and a key aspect is addressing a range of regulatory and legislating impediments. These include new rules for employee share options and crowdfunding, new insolvency laws and a range of tax changes to improve venture capital flows.
Changing our culture to embed innovation into our thinking is planned.
The float of the Sydney software company Atlassian on the NY Stock Exchange where $8 Billion was raised is likely to stimulate interest!
It should be stressed that technology alone is not enough. The technology is an enabling tool to realise a market niche for a new product or service. A sound understanding of the market involved is central to success and also to gaining the capital needed.
Innovation Optimisers can assist with the business case for any application.