Australian Parliament Passes Innovation and Science Bill

On the 13th of October, 2016 the Australian Parliament passed the Innovation and Science Australia Bill which is intended to pave the way for further innovation and science which is the core of a strategic plan for Australia’s future economic prosperity.

The Bill also establishes a new organisation, Innovation and Science Australia (ISA), which is charged with helping the Government complete the three stages of the National Innovation and Science Agenda.

Innovation and Science Australia will work across government, providing guidance on the A$10.1 billion investment in 2016/17 in innovation, science and research.

The organisation will be chaired by Bill Ferris, with Chief Scientist Dr Alan Finkel as the Deputy Chair, as well as a board comprised of innovators, scientists and entrepreneurs with proven track records of success.

Further, the ISA will also promote investment in industry, innovation, science and research in Australia, including showcasing successful innovators, entrepreneurs and researchers. Importantly, it will also directly engage international, business and community sectors to improve the overall performance of the national innovation and science system.

The full media release and more information can be found here.

Photo credit: Material used in the preparation of this article has been drawn from The Australian Minister for Industry, Innovation and Science.


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