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Governo Italiano

Dei - Australia: Government looks to innovation and productivity for economic recovery

Date:

12/16/2015


Dei - Australia: Government looks to innovation and productivity for economic recovery

Innovation and productivity are the key to launching Australian recovery, Prime Minister Malcom Turnbull announced as he illustrated the National Science and Innovation Agenda. The Agenda is a package of measures aimed at stimulating technological innovation, simplifying commercial law and ushering in the transition from the mining boom to an “ideas boom”. Over the next ten years approximately 3 billion AUD (nearly 2 billion EUR) will go into funding start-ups, new business ideas and science centres and initiatives. Incentives will also go to commercial investments in retail. The Agenda also envisages changes in bankruptcy law, the introduction of a new type of visa for entrepreneurs and highly specialised workers who come to Australia and permanent residence to foreign students with degrees in scientific, engineering and mathematics disciplines. Finally, over the next ten years the government will also earmark over 2.3 billion AUD for research infrastructure.


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