New biotechnology projects take time to progress through the development pipeline making such investments inherently risky. Tax incentives and other policy mechanisms provided by the Australian Government to mitigate these risks have social benefits beyond the financial success of individual firms.
Derived from an analysis of the Regional Development Australia Northern Inland Committee, this paper find that regional economic strategies may tend to reflect a bias towards structured processes, transactional relationships and hierarchical decisions, which eschew practical complexities. It identifies some striking future risks for regional development if extant practice continues.
Using a data mining clustering method, this paper identifies patterns of economic resilience in regions by industry categories. Preliminary results show different resilience patterns and varied stability to this resilience for industry/functional regions ranging from non-resilient to very resilient regions.