Labs aren't the only ones with ideas

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April 2009

Stephen Mills, Chairman, Australian Business Foundation

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Supporting Workplace Innovation (109 KB PDF)

Amid the pre-Budget clamour for increased funding for university research, it is worth pointing out that – from a productivity point of view – Australia does not necessarily need more research. This is because productivity cannot and does not emerge fully-fledged from the laboratory.

No amount of R&D spending will, alone, create it - that's the message from Stephen Mills, Chairman of the Australian Business Foundation.

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The importance of business innovation to productivity is supported by a growing amount of international evidence.

Miserably, the debate in Australia since the release last year of the Cutler Review of the National Innovation System has failed to capture this essential point.

So what might this mean for the Federal Budget? From Stephen Mills, Chairman of the Australian Business Foundation

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