On 27 October, 2005, the Australian Business Foundation hosted a forum at Macquarie Bank. The forum featured two expert speakers on national innovation systems: Professors Keith Smith and Jonathan West. They discussed the nature and extent of Australia's innovative capacity, and the polices that are required to enhance it. A summary of the key points of this forum on De-mystifying Innovation can be found below, as well as the Powerpoint slides used by both presenters.