Why short-term, high impact manufacturing RD is important for fuelling Australia's innovation ecosystem

摘要

BY now we are all acutely aware of the impact that COVID-19 has had on our manufacturing industry, including our innovation pipeline. As we adapt to our "new normal", kickstarting the industry's recovery and innovation ecosystem is more important than ever before. According to CSIRO's 2021 report, Enablers and barriers to industry-research collaboration, small and medium enterprises (SMEs) will be critical to these efforts. As the backbone of the Australian economy, they make up more than 99 per cent of Australian businesses, employ 68 per cent of our population and contribute to more than half of the country's GDP.